Tringle Brekout - Gujarat Alkalies

Fundamental Perspective,

Positives,

1. Low Debt
2. Good ROCE
3. Increase in FII/DII holding
4. Company with Zero Promoter Pledge

Negatives,

1. Decline in Qtr net profit
2. Declining Revenue


Technical Perspective,

1. Strong Momentum
2. Tringle Breakout
3. Volume Profile -Price is above POC
4. RS is Positive

" MID Valuation Company with high momentum"

Entry: Current Price
SL: 739
Upside Potential: 1260