Chart of the Week (10/04/2021)

9 Nis 2021

This week we have an amazing Chart in the form of Gujarat Alkali. Keep Stop Loss at Rs.380 and all successive targets are marked on the chart. Gujarat Alkali is a chemical company and it deals primarily in Basic Commodity Chemicals rather than Specialty Chemicals. Thus, the business is cyclical and we must exit on technical basis rather than getting stuck in this one for ages.