INDIANHUME trade ideas
INDIANHUME - Bullish Setup oNStock name - Indian Hume Pipe Limited.
✅#INDIANHUME trading above Resistance of 386.
✅Next Resistance is at 605.
✅Moved 64% in 23 weeks.
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 - B
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.
INDIANHUMEStock name = Indian Hume Pipe 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 - B
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.
indian hume pipesMost of the pipe manufacturing companies have already published their results and the numbers have improved significantly on a sequential basis primarily led by strong demand and stabilization in raw material prices. During the first half of this financial year PVC prices declined sharply which resulted in large inventory losses but after the month of November the PVC prices started increasing and then stabilized and are currently trading at around pre-Covid level. Supreme Industries, the industry leader, is expecting 15% volume growth in FY24
NSE:ASTRAL Ltd. BSE:SUPREME Industries Ltd. $Finolex Industries Ltd. $Prince Pipes and Fittings Ltd.