#small cap stock ready for upward move?
#smallcap stock Dharmraj crop Incorporated in 2015, manufactures and deals in pesticides including concessionaires of public health products for pest control, insecticides, herbicides, fertilizers and allied products related to research and technical formulations. its 1120 cr company with decent PE VS ROCE ratio, FII increase their stake from 5.5% in Mar'24 to 6.97% in June'24.
This week it has taken resistance from the important fib level of 349 and if next week it manages to sustain above this level then it can move up to touch 386,410,424,443(imp level). Once it will sustain above 443 I will try to trail to another important fib level of 537. Below this week's low of 290 it will become weak for the time being.
Since I am not SEBI registered please do your research before taking trade in this stock.
Please let me know your thoughts on this stock or if you want me to analyze any stock for you then please mention in the comments thanks for reading.
This week it has taken resistance from the important fib level of 349 and if next week it manages to sustain above this level then it can move up to touch 386,410,424,443(imp level). Once it will sustain above 443 I will try to trail to another important fib level of 537. Below this week's low of 290 it will become weak for the time being.
Since I am not SEBI registered please do your research before taking trade in this stock.
Please let me know your thoughts on this stock or if you want me to analyze any stock for you then please mention in the comments thanks for reading.
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