ravindra1408

RHI Magnesita - Go Long (Inspired by Natty Sir )

Long
NSE:RHIM   RHI MAGNESITA INDIA LTD
Looks very attractive. Should be kept in your portfolio as long as the long term growth story is intact.
Stock is in a Ascending channel (Rising Channel).
stock could touch the upper median and may face resitance which is a good 30% from current levels.
The company recently acquired 2 companies which aim to add more profits.
Overall a good bet.

CONS:
The stock may face resistance as its touching the channel median. but should be a good opportunity to add if it falls.
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