⭐️Target 1 achieved in De Nora India. Gain of 34% Target 2 is ON..⭐️
Breakout chart as well as follow up chart added for reference. Charts are self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
IMP POINTS:
1. Incorporated in 1989, De Nora India Ltd is a subsidiary of the multinational company De Nora Group, Italy. De Nora India Limited designs, manufactures and supplies electrodes, coatings and electrochemical solutions. The company caters to mostly India and South East Asia region, however now it has also made foray into the business of catering to refurbishment of IEM cells of Middle East customers.
2. It is a small cap company with a market cap of ₹345 Cr.
3. Company is almost debt free and has delivered good profit growth of 39.07% CAGR over last 5 years.
4. It gave a breakout in December 2021 with above average volumes on weekly charts. (Pls refer chart 1)
5. As on today, Target 1 is achieved with a gain of 34% from entry point. Target 2 is ON. (Pls refer chart 2)
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