Thirumalai Chemicals Ltd. is one of the largest producers of phthalic anhydride, malic acid, maleic anhydride & fumaric acid globally. The manufactured items have a broad use in plastic industry, agricultural fungicides, enhancement of sweetness of fruits and carbonated drinks, animal feeds, medicines etc. They have presence in more than 34 countries.
Thirumalai...
The stock Is consolidating in the 30 min time frame . Its currently at a strong support . I highly suggest buying above 133 with a minimum target of 142 and stop loss at 131
The stock has been giving a breakout from its ascending Triangle on weekly basis and then from a 6-month consolidation phase and a straight upmove to 134 levels. This level of 134 was a minor resistance but it managed to close above it and is also
retesting it very smoothly on low volumes supporting the view for a long trade for swing.
The recent financial...
