Stock Idea Code: 35331
SECTOR- CHEMICALS
TIME FRAME- 1.5M
RISK LEVEL- LOW
RR Ratio= 18.44
REMARKS -FUNDAMENTAL STRENGTHS
1_The fluorochemicals market is projected to expand to $26.5 billion by 2025.
2_Anticipated CAGR is approximately 6.1%.
3_Market growth is fueled by demands in the automotive, electronics, and pharmaceutical sectors.
4_The company is noted for its high-quality offerings and advanced manufacturing capabilities.
5_Positioned favorably within the specialty fluorochemicals niche.
7_Stands to gain from the rising need for fluoropolymers and fluorocarbons, which are prized for their versatility and superior properties.
TECHNICAL STRENGTHS:
1_Strong underlying uptrend observed.
Completed a correction with a 40% decline from a double top formation since May '23.
2_Sector headwinds identified as the main cause of the price decline.
3_Positive RSI divergence noted on daily (20) and 75-minute (25) timeframes.
4_Indicators analysis suggests it is the ideal time to start accumulating the stock for the next wave of upside. .