⭐️Target 1 achieved in Fine Organic. Gain of 33% 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. Fine Organic Indus is involved in the business activities of Manufacture of organic and inorganic chemical compounds. It is the largest manufacturer of oleochemical-based niche additives in India. It is among the six largest global players in polymer additives and among leading global players in specialty food emulsifiers. Demand for oleo-chemicals are increasing as they are green additives and environment friendly.

2. It is a smallcap company with a market cap of ₹13715 Cr.

3. Company is almost debt free and has good return on equity track record (3 Years ROE 25.03%).

4. It gave a breakout in November 2021 when it closed all time high with above average volumes on weekly charts. (Pls refer chart 1)

5. As on today, Target 1 is achieved with a gain of 33% from entry point. Target 2 is ON. (Pls refer chart 2)