Trade Spotlight: What should you do with Polyplex Corporation, RITES, APL Apollo Tubes on Thursday?
APL Apollo Tubes has formed long bullish candle on the daily charts with above average volumes, making higher high higher low for second straight session with momentum oscillator RSI trading above 60 level.
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Housing Development & Infrastructure and Cargotrans Maritime will be announcing their Q2 results. Further, SRG Housing Finance will consider issue of warrants.
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For Rupak De, Senior of LKP Securities, 50-EMA has been acting as a crucial resistance. "The trend remains sideward for the near term. Support is visible at 16,400, whereas resistance is likely to remain intact at 16,700," he said.
#POLYPLEX#POLYPLEX now new lifetime high and it looks highly bullish view and will get extended target very soon.. For more info check TG: dream_trading_india.
Trade Spotlight | What should investors do with Bharat Dynamics, Cholamandalam Investment, Linde India, Adani Green, Polyplex Corp on Monday?
With Friday's high, Polyplex Corporation has registered an all-time high which signals bullish sentiments. The major trend remains very strong across all timeframes as the stock continues to form higher tops and bottoms.
#POLYPLEX : short term uptrend noticed in polyplex, cmp 2580. SL 5%. Target for 5-10-15% from here.
[Please note : This is my personal view of this stock, consult with your adviser or do you own analysis before you trade. maintaining stoploss is mandatory]
Polyplex has outperformed the market by surging 15 per cent after rating agency India Ratings and Research (Ind-Ra) revised Polypiex Corporation's outlook to 'Positive' from 'Stable' while affirming its long-term issuer rating at 'IND AA-'.
Polyplex Corporation is engaged in manufacturing of BOPP, Blown PP/PE and CPP films used in the flexible packaging industry and in industrial usages like release liners, tapes, labels etc
#POLYPLEX : Polyplex is in super uptrend. it has more than doubled itself in last less than 6 months time. keep following this gem. more uptrend expected. [Please like and share the post]