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ORIENTAL AROMATICS LTD

Channel pattern

By Panchalk
Updated
IF it breaks out of the channel pattern it can achieve targets of 1047, 1237. The company is one of only ten completely integrated flavour, fragrance and aroma chemical manufacturing companies in the world. That is a big deal, but even if we discount all that information and see its growth it is good.. last March (2020) it slid down to 133...right now it is 943...that is big..I have mentioned IF in capitals because the broader market is choppy and is correcting so we wait and see...keep watching

Note
although it achieved the first target 1012, Let me caution you that THIS STOCK IS LISTED AS AN ILLIQUID SECURITY on BSE( i got to know just today, so if. anyone has taken a position be very very careful). I would not trade an illiquid security. In fact DISCARD THIS IDEA ENTIRELY
Chart Patterns
Panchalk

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