Formation of the second shoulder in the Inverted H&S

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Supreme Petrochem Limited manufactures and sells polystyrene, expandable polystyrene, masterbatches and compounds of styrenics and other polymers, and extruded polystyrene insulation board in India and internationally.

The company has a high return on equity (ROE) of 18.38% and return on capital employed (ROCE) of 23.94%
Strong Balance sheet
Recorded growth in foreign institutional investor (FII) ownership
Management plans to increase export share from 9% to 14%
Capacity utilisation is expected to exceed 80% by the end of the year
Start-up of ABS plastics production may open up new opportunities in the long term

We are waiting for the end of the technical correction, the completion of the right shoulder in the inverted head and shoulders figure.
price target 850