Regarding agrochem sector its difficult to take a blanket call on the sector. There are a few companies like PI Inds which seem to be doing well and are rewarded by the markets. But in many others like bharat rasayan, UPL, just to name a few , the picture is not so clear and we need to watch for more time.
I usually want to look at a sector when I am sure that a bottom is in place and I can see early signs of momentum, say breakout from a 3-6-9 month trading range, or stock price moving and consolidating above 200 dema or 30 WEMA, along with management commentary promising good times, or scuttlebutt indicating that worst if over, or early signs of good numbers having been reported.
There is a very thin line between being too early and wrong. I don’t want to be in either situation.
| Subscribe To Our Free Newsletter |
