Weekly Potential Breakouts - 2nd Aug '241. GHCL
2. ADVANCED ENZYMES
3. NYKAA
4. HIND RECTIFIERS
5. ADANI WILMAR
6. ROSSARI BIOTECH
7. MOREPEN LABS
8. TTK HEALTHCARE
9. FINO PAYMENTS BANK
10. AKZO NOBEL INDIA
ROSSARI
ROSSARI BIOTECHRossari Biotech was started in 2003. They are among the largest manufacturers of textile specialty chemicals in India
Their 3 main product categories are:
- Home, personal care, and performance chemicals
- Textile specialty chemical
- Animal health and nutrition
The company has two R&D facilities, one at Silvassa manufacturing facility and a research lab at IIT Bombay.
Rossari Biotech LTD Trend AnalysisPrice bounced at key support level and RSI showing moderate bullish divergence on daily TF.
Expecting the price to make a leading diagonal pattern as highlighted, will update the chart later if any changes observed.
Good to buy at CMP for the following targets:
Medium term swing target @ 1270 (80% ROI)
Long term positional target @ 1560 (120% ROI)
Strong fundamentals with highest ever Sales & Net Profit.
Do your own due diligence before taking any action.
Peace!!
ROSSARI BIOTECH, BULLISH!!almost 2 and a half year, the stock has given about 22% returns. this is a very bad performed. nifty small&mid cap indice is going to get bullish very soon. and rossari would be a part of it. its trading near to its IPO LISTING PRICE. this stock has a good fundamentals, and sales. so it got a lot of potential to go upside. i have drawn several levels, to take positions in this stock, and a breach to the blue resistance, means the stock will all over carry till 1120, and 1300.
have a look at MACD, now it has started to rise upards, soon we could see green candles coming in. good time to make positions in this stock.
there could be a U- SHAPED recovery. and final point, RSI indicator is also at a buying zone.
path has drawn, based on U- SHAPED recovery.
ROSSARI BIOTECH, BULLISH!!a debt free company, with a good fundamentals, and expected to give a good quarter.
stock has given a good breakout, with a long green candle, and there is no sign, it will pullback.
i am bullish of this company, and now it has started to give a good uptrend.
it could go a little slow, from nifty, but the key is, it will be keep on rising.
this is because, the company is stable, and can even be stable in short terms!!!
