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TNPL

TNPL - Mid term & Long Term viewHello sir's Technical View ======================= Hope you all doing great, Lots of our subscribers ask me to make some videos on some Investment Picks. Making videos on every pick is not Possible but it's easy to share. In this idea as you can see I have posted 2 charts. 1st in the month and second is weekly. In the month I had tried to show you a longer time frame trend which is negative but when you switch the chart in daily and weekly time frame you will get a different picture. the stock has momentum in the daily and weekly time frame. The share has strong support at 98. you can add here above 115 should be good to go with 122/128 target in short term SL is 98. Our Harmonic PRZ will be activated above 132. Stock will be blasted and direct on the moon if 132breaks. Fundamental view ====================== TNPL is the second-largest player in the domestic WPP segment, with an installed capacity of 400,000 tonnes per annum (TPA). Despite intense competition, the company has sustained its strong market position backed by its established brand, diversified product portfolio, and customer base, robust distribution network, and regular capacity expansions Strong dividend player at the CMP 112 dividend rate is around 6% of the CMP although it was down as compared to the previous year and it was around INR 7.5 per share. Borrowing cost is also declining on QoQ.
NSE:TNPLLong
by Virupandey81