National Peroxide broke out 1/1 resistance. If it closes above 5052 and remains bullish for a couple of days, we may see a level of 8000+ in medium term
Target short/ medium term: 1446. Support: 1187, 1115
Is HEG ripe for fresh entry? Wise investors entered today at 4110.
If the stock turns bullish due to the quarterly result, we may see an up move where a resistance is there at 99-100. If the stock turns bearish a low level of 74-75 can not also be ruled out.
It may break out in the next 20-25 days. The descending triangle indicates that the stock may go down. But it would be prudent to go ling if the stock manages to close above 4/1 line in 10 days.
But with the bumper quarterly result the channel will not be able to contain it. Time has come to revise the target price to 6000 in medium term.
In near term we may see 13.65 and there will be no prize for guessing 19.65 in medium term.
We will have to see if it closes above 820 for sustenance of up move.
Support exists at 605 since 615-618 may not hold. Final support at 585.
Entry will be good with a stop loss of 669.25
Business as usual. Support at 3865. Should hold.