Thursday’s Top Trending Stock, Trending Stock Today: Ashapura Minechem becomes Thursday’s top trending stock – top trending stock ashapura minechem ltd
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At present the company’s products are sold and distributed in three states namely Gujarat, Rajasthan and Madhya Pradesh. The company has grown its profit by 25.4% annually over the past 5 years.
122 to Rs. Technically, the stock rallied more than 16% from its 2-week low to break the consolidation range of 98. The stock jumped more than 9 percent on Thursday to reach the neckline of its trend reversal price pattern. It recorded a high of September 2022 to a high of January 2023 on the daily chart. A settlement at this neckline will register a technical breakout. It will confirm the rising art of this stock. All its short-term moving averages are bullish and are supporting the price pattern. This shows the momentum in share value.
Investors who are interested in the small-cap group should not mind including this stock in their watchlist.
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