Bull therapy 101-thread for technical analysis with the fundamentals

Chart # 5 - HimatSingka Seide
CMP 202 can achieve near term targert of 240 (50% retracement from 2018 highs)
Price broke channel resistance, 200 weekly MA and also crossed 38.2% fibonacci levels.

Company have completed major capex in last 2-3 years.
The management, according to concall, is going to focus on destressing the balance sheet and increasing capcity utilizations across all segments. Have already repaid ~250Crores debt in FY21. Terry towels capacity utilization continues to rise QoQ.

Update on previous chart - Jyothy Labs achieved mentioned target of 182.