BODAL Chemical, Breakout with volumesBodal Chemical looks good for long, with volumes and trendline breakout.
One can accumulate for a target of 100+++ and towards 110 and 120
Bodalchemical
Bodal Chemical _ Long Any pullback sign could be an opportunity to enter & confirmation for a long with the volume greater than previous weeks.
In previous week's higher volumes are indicating large accumulation by institutions. Looks like it is getting ready for new life time high. Red line violation will nullify the view.
Indian chemical industry is a beneficiary for China trade damage.
Act as per your risk appetite in your believe
BodalchemicalsBodalchemicals looks good for long bet Targets -200,400 forming trend angle pattern and it will benefit from China plus 1 theme and introduction of antidumping duty on imports by government givesan edge to local chemical manufacturers.
