Plastiblends - Near Multi year breakout on Weekly charts

2024년 8월 7일

I love weekly multi year breakouts because the margin of error is significantly lower, that too when the stock did not rally one way from rock bottom levels to ATH but has been hovering around the neckline for quite sometime.

This is not a reco. DYOR. I am sharing the charts so that we can all learn together about how the breakouts play.

Plastiblends India Ltd is in the business of manufacturing Masterbatches wjhich are nothing but plastic color additives.. or blends.. hence the name Plasti blends. Fundamentals look good. Results improving QoQ and YoY.

2024년 8월 23일

노트

This week went by and stock did not give weekly closing above 333. Wait continues.

2024년 9월 11일

노트

Touched 400 and retesting now. Again weekly closing above 350 would be considered trend intact.