Galaxy Surfactants Limited
Galaxy Surfactants Limited is still growing and breaking records, it seems like a wise long-term investment.
Please take a moment to go over and comprehend the daily chart provided by Galaxy Surfactants Limited. The chart indicates that Galaxy Surfactants Limited is a wise investment in the 3140-3160 zone, where it takes advantage of all dips to enter, and that it has demonstrated great performance thus far. It also has a lot of development potential.
Kindly refer to the daily chart that Galaxy Surfactants Limited has provided. The stock broke out of the 3140-3160 zone and is now rapidly climbing and trading above horizontal resistance. The analysis indicates that there is now a considerable demand at 3150 levels. The expected upward open range, which is between 3750 and 3800, is depicted in the chart below.
- Since achieving a notable breakthrough in the 3140-3160 zone, Galaxy Surfactants Limited has grown and is currently a fantastic long-term investment opportunity.
- Galaxy Surfactants Limited may expand and achieve its objectives of 3750 and 3800 because of its strategic position.
- With the risk-reward ratio suitable for cash transactions, now is the best time to purchase this stock, with a price range between 3140 and 3160.
- The stock has broken out of an ascending triangle pattern and retested it, with a target price between 3750 and 3800, according to the chart.
Please find attached the daily chart for Galaxy Surfactants Limited. Demand is seen in the 3140-3160 price area on the daily chart, with an upward breakthrough and horizontal resistance. The rising demand is reflected in the stock price.
Considering the recent peak of the stock, this seems to be a good moment to purchase at the current price. Thus, watch for the breaking of the horizontal resistance. The stock has increased as of this writing, and it might reach the predicted range of 3750–3800.
The most current objectives of Galaxy Surfactants Limited are in the range of 3750 and 3800. The company's structural foundation was provided by the rising triangle. In technical analysis, the rising triangle is a frequently utilized chart pattern. A horizontal line and a rising trend line, respectively, are produced by price variances at the swing high and low. Triangle is formed by these two lines.
Investors may be looking for long-term purchasing opportunities in the 3140–3160 range due to the stock's high demand. Because of its outstanding risk-reward profile, this company's value should rise during market downturns. Grab the chance to purchase this stock. Invest in this company; it has a lot of potential, even in recessions.
Rich investors can purchase the necessary amount of the stock with the intention of selling it between 3750 and 3800, with a stop loss at 3000.
In the event that no movement in price occurs before a noticeable increase, the stock or instrument may have a rapid rise to the upside with significant volume and target hit. Volatility contraction patterns (VCPs) are still of interest to traders and investors. Visit our website or get the Fx Careers app from the Google Play Store for more details about VCP patterns. We also provide precision in pattern recognition.
Galaxy Surfactants Limited's daily chart displays both resistance and support. The spot chart shows all of the levels.
|
Galaxy Surfactants Limited |
Support |
Resistance |
|
Level 1 |
3140 |
3750 |
|
Level 2 |
3000 |
3800 |
Company Profile: Based in Mumbai, Maharashtra, India, Galaxy Surfactants Ltd. is an international specialty chemical firm. More than 200 of its products are exported to more than 100 countries. It is a maker of specialty chemicals and surfactants for cleaning and personal care applications. L'Oréal, Unilever, Colgate-Palmolive, Dabur, Himalaya, and other companies are among the more than 1400 customers of Galaxy. Specialty personal care products make up the remaining 40% of revenue, with performance surfactants making up 60%.
Galaxy is regarded as a major force in the world market for surfactants. The yearly turnover for 2020 was ₹2,563 crore. The managing director of Galaxy Surfactants, Unnathan Shekhar, states that foreign clients account for two thirds of their revenue. The company applied for 62 patents and spent around ₹60 crore in 2020.
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