Tradekarsharma3398

multibagger alert SPIC CMP 49

Long
NSE:SPIC   SOUTHERN PETROCHEM
Technical analysis : it is showing gpt infraproject like graph symmetrical triangle breakout if it remains above 47.50 it will give breakout in upcoming days but if it breaches the treandline it will just take time to go up,
RSI is in oversold zone.

FUNDAMENTAL: 1/ increased revenue in jun 21 quarter
2) increased operating profit in jun21 Q
3)profit before tax 27 crore which is less as compared to previous 32 crores but it is good as compared to other companies performance in this quater due to covid .

best time to buy this stock is now as it is down 20 % in the last month
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