FINPIPE & HIKAL में इनवेस्ट करो और WAIT करो..!

We found two stocks that are looking good for investment purposes. Both have shown reversal signals on the long-term chart and the fundamentals are good. Let’s discuss this in detail.

FINPIPE: Finolex Industries Limited (FIL) is a leading manufacturer of PVC Resin and the largest producer of PVC Pipes & Fittings in India. The Company offers the latest range of superior quality and durable PVC-U pipes and fittings used in agriculture, construction, and industrial operations. The company is almost debt free and net profits are increasing. The company is focusing on business expansion. Sales growth is increasing and FIIs are also increasing stake. Overall business module and financials are strong.

As per history stock price has corrected 50% from the lifetime high. Now it has given a breakout to consolidation and RSI showing positive divergence. Current levels are good and there is no immediate hurdle on the chart. We are bullish from these levels and expecting 200/220 levels. Immediate support is around 165/155.

HIKAL: Hikal is a partner to companies in the Pharmaceuticals, Crop Protection, and Specialty Chemicals industries. The company is in the business of supplying research services, active ingredients, and intermediates for its customers. Hikal's manufacturing facilities have been inspected and approved by leading multinational companies in the Crop Protection and Pharmaceutical sectors.

This stock has also shown the same chart structure and given Cup & Handle breakout after the rest of 7-8 weeks. Share is ready for Higher High and Higher Low, we are expecting 450/500. Immediate support is around 350/300.

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Disclaimer: The contents produced here are purely for educational purposes. They should not be construed as buy/sell recommendations. I am not a SEBI registered Analyst or Investment Advisor. Readers are advised to consult their Investment advisor before taking any decisions based on the above write-up.