Dear Traders, This scrip has been choosen for short Term Pick as it is on the Verge of Resistance Breakout . So traders keep this scrip on your radar to catch the Momentum. Thanks to All ...
RPEL manufactures silica ramming mass & exports to 36 countries. High growth of 20% topline & Profitability. Has formed ascending triangle pattern, breakout as well, recently announced 1:1 Bonus. The retracement presents a good opportunity to accumulate for the long term. Ashish Kacholia & Rekha Jhunjhunwala & Utpal H Seth (RARE Enterprises) hold stake in this small cap.
RPEL has taken support at 0.5 Fib level around 800, spent a good time around the same area with good volume, has recovered well enough, in my opinion, there is a good probability of the stock hitting a new ATH. RPEL has increased its production capacity, provided steady growth of their quarterly earnings, with their operating profit margin expanding.