Biofil Chemicals & Pharmaceuticals LtdBiofil Chemicals & Pharmaceuticals Ltd
Company deals in manufacturing and trading of pharmaceutical and also manufactures plastic products required for packing pharmaceutical and other plastic products. Further, it also deals in providing job work facility in respect of manufacturing of pharmaceuticals drugs via 2 units viz.
Company entered into business partnership with HLL Lifecare Limited (Formerly Hindustan Latex Ltd), a Government of India undertaking. As per the agreed terms Company has provided manufacturing facility to HLL Lifecare Limited for manufacturing of Iron and Folic Acid Tablets (IFA) and other Pharmaceuticals products as required by HLL
BIOFILCHEM trade ideas
BIOFILCHEMStock name = Biofil Chemicals & Pharmaceuticals Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - C
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
BIOFIL CHEMICALS BREAKOUTNSE:BIOFILCHEM has been identified as breakout and ready to retracement of 0.236% from its lifetime high. Best level to take buy entry is 63 with stop loss of 53(-10 Points Risk). Expected upside target would be 72 (+09) & 88 (+25). This could be low risk and high reward idea.
Note: This is my personal analysis, only to learn stock market behavior. Kindly to your own analysis to take any trade. Thanks.