We analyse a stock from the price perspective and seldom go into the business model for day trading or for holding for the short term as the aim is to capture the profit and move out of the market.
We undertake the complete exercise for the stocks where we intend to hold for the long term.
However, notwithstanding that we have this stock Carborundum Universal Ltd which is a part of Murugappa Group, is one of the largest and oldest conglomerates in India. CUMI is the leading manufacturer and developer of abrasives, ceramics, refractories, aluminum oxide grains, machine tools, polymers, adhesives, and electro minerals in India.
The stock has given a breakout and can be held for tgt 390,410,450 levels with a medium to long term perspective. Do remember to get benefitted with our Best Bank Nifty Option Tip and start making money like a true professional.
Have a look at the stock chart below:
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