As you see price hold and spend lot of time in range now had breakout. If this week or next week you get that price it's good short term swing trade . Always do proper research before investment and consult with your financial advisor.
Privi Specialty Chemicals Ltd. is the leading supplier and exporter of aroma and fragrance chemicals. The company expanded to manufacturing capacity of 50+ products to 40,000 tons per annum with a power of two manufacturing facilities situated in Mahad, Maharashtra and Jhagadia, Gujarat.
Privi Specialty Chemicals CMP is 1109.50. Negative aspects of the company...
With Oil prices (cooking oil) prices cooling down..used oil prices should come down as well. With this company expanding and its key raw material price cooling down this stock could be due a turnaround.
Technically there is a nice positive divergence in the RSI
Watch to go long above 1150. and keep a 5-7% stoploss.
stock is in a good oversold zone with possible crossover of ema 10 over 20
net profit is down in september quarter but
operating profit is in a good mode.
STOP LOSS : 1492
TARGET : 1900
Will most likely go down substantially due to various factors. The horizontal line will be the first TP as 1:1. If the Stop-order is not triggered tomorrow I'll cancel it.
