It is a 994 cr company which manufactures Plywood and MDF board with a P/E of 23 as compared to industry P/E of 35.
On chart it is above 200 DMA. Almost a year downtrend has been broken and last week volume is on higher side. It has resistance zone 390 to 405. above that it can go higher, first target can consider above 500 which is again a resistance zone as marked in chart.
SL can be consider when long term uptrend is broken(weekly closing) as marked on chart.
This is not a Buy/ sell recommendation.
On chart it is above 200 DMA. Almost a year downtrend has been broken and last week volume is on higher side. It has resistance zone 390 to 405. above that it can go higher, first target can consider above 500 which is again a resistance zone as marked in chart.
SL can be consider when long term uptrend is broken(weekly closing) as marked on chart.
This is not a Buy/ sell recommendation.
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