C&H Pattern in Making: Monthly Basis 2 Attempts Made to Break MultiYear Price Trendline. 38% Upside require to Break/Sustain. Once done, Good to Go! Strong Vol. Consolidation Taking Place.
*With Upside, Trail SL* *Book Profit as per Risk Appetite*
*Snapshot* Estab. in 1978. Acquired by Tata Projects Ltd. (Hold 75% stake). An EMC Contracting Co. based in Hyderabad. Engaged in Pressure Equipment Manufacturing for Oil/Gas, Petrochemicals, Power, Metallurgy Industry, Construction of bulk liquid storage farms, Industrial Piping, Structure Fabrication, Ship Construction, Maintenance etc.
Owned by Tata Group since 2008. Order book improving along with focus on faster execution. CF from Ops. +ve since Mar'21. Improving WC Cycle.
*Concern:* Poor financials along with performance.
*Do Your Own Research as Well. This is Just an Opinion.* Happy Investing :)