Couple of interesting charts
- An interesting company with cash being 60-70% of the market cap.
- A good video on the same - https://www.bloombergquint.com/alpha-ideas-2020/alpha-ideas-20-20-heres-why-maximal-capitals-sarvesh-gupta-likes-unichem
- Technically the stock has broken out.
Disclosure – Recommended to clients.
- Quite a few attempts on 540 resistance.
- Similarly 4-5 bottoms around 490-500.
- 2-3 bottoms around 440-460 mark. A good base done.
- A breakout above 540 with volumes could be an interesting trade.
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