GHCL: Reversing at PC Support | Coming Days Target 860 (30%+)

12 Eyl 2022

Another Script supporting wonders of PC ( Parallel Channel ) #WondersOfPC
GHCL (CMP: 649.15)

Technicals:
-Respected the midline of PC at 680 levels and went down to lower line
-Recently tested the lower line of PC at 600 levels and taking support of the same
-Confirming candle for close above 660 will take to the target of 860 in near short term

-For Swing Trade
Entry-660
Target 1-860
Target 2- 1080
SL-579

Fundaments:
-Company's fundamental are strong, good pick for LT portfolio
-Tata Chem is stronger peer
-FA Analysis: Performance Highlights – Q1 FY23
Revenue( Cr ) Q1 FY23:1371 Y-o-Y up 96% Q-o-Q Up 7%
EBITDA( Cr ): 429 Y-o-Y up 169%,Q-o-Q Up 4%
PAT( Cr ) 339 Y-o-Y up 300% Q-o-Q Up 39%
-If view didn't go well at this stage, next support is at 400 levels, Good level to add more
-Weak point to look for is lower promoter holding