Philips Carbon

٣ يناير ٢٠٢١

The Company is clearly in an uptrend. The multiple moving averages provided a buying opportunity in June/July and are continue to be in buy mode. Trend line analysis shows that stock is ready for a fresh upmove once it breaks the price of Rs. 182, with a short-term target of Rs. 220 and a long term target of around 300. This is not a piece of investment advice and should not be taken as any kind of buy recommendation. This is just a personal analysis.