I was expecting breakout but due to poor results it didnt work out but structure is still positive...
I have averaged at 161 and looks like it is about to reverse...
Markets looks forward expecting better results in coming quarters...
Reason was BAD quarter one of the subsidiary Mangalore Chemical and Fertilizer was SHUTDOWN in Q2 due to plant upgrade and raw material issue....
STOPLOSS for all positions is close below 154 zones
I have averaged at 161 and looks like it is about to reverse...
Markets looks forward expecting better results in coming quarters...
Reason was BAD quarter one of the subsidiary Mangalore Chemical and Fertilizer was SHUTDOWN in Q2 due to plant upgrade and raw material issue....
STOPLOSS for all positions is close below 154 zones