In refractories business EMA10,20,50,100 RANGE FROM 160-262 ,EMA 200 269. Contracting triangle forming base at 258-262 range buy with a stop of 254 , soon to breakout of contracting triangle. Look at RHIM which is trading at 870 range in same business promotor holding of more then 70 % in both the companies in IFGL institution also hold 11 % and share available at PE of 12.90 and EPS of 21.. while RHIM is nearly the same but PE is very high of 39 result-sell RHIM buy IFGL as soon breakout stock.
Comment:
positive divergence also