Fermenta Biotech Ltd FBL, incorporated in 1986, has two business segments; i.e. manufacturing of active pharmaceutical ingredients (APIs) and lease rental business for commercial properties developed in Thane. It is the only manufacturer of Vitamin D3 in India
Reason for long a) Triangle breakout b) super vmap, super trend, QQE, Renko and Rainbow is positive. c) consolidation breakout d) monthly and weekly breakout SL compulsory
Reason for long a) HSP set up b) pharma sector up c) SL compulsory
Reason for long a) Pull back set up b) volume and price spurt SL compulsory Duration 10 days
Reason for long a) Wedge breakout b) Volume and price spurt c)resistance break
Chart again turn bullish after some downtrend. Company business is very demanding and we can see good upside from here. Stop Loss: 320 Target: 700++
Possible Retest of high as taking support near 330