TECHNICAL BUZZ ELITE RESEARCH
03RD SEPT 2017
MOHOTAMILL
About Company: The Rai Saheb Rekhchand Mohota Spinning & Weaving Mills Ltd is engaged in manufacturing of yarn and fabrics. The Company operates through Textiles segment. It operates through three product divisions: Spinning, Weaving and Processing. The Company, through Spinning division, supplies grey yarns for knitting and weaving in the medium count ranges for cotton, polyester and viscose, and their blends in carton or palette packing. The Company, through Weaving division, manufactures fabric from count range of 10 to 100s count with weight from 75 grams per square meter (gsm) to 400 gsm. The Company, through Processing division, specializes in suiting, shirting, trousering, school uniform materials, bed sheets, dress material and fabrics. It also specializes in the manufacture of fabrics with special effects, such as chiller finish, wrinkle free finish, Teflon finish, oil and water repellant finish, fire proof, duck, rubber finish and wool finish for photovoltaics (PV) fabrics, among others. Technical outlook on MOHOTAMILL:-The stock is creating good buying from the level of 280 on the weekly as well as daily chart. Strategy for Traders: - You may take a position in MOHOTAMILL on the level of 280, if you are having short term view you may buy MOHOTAMILL, so you can see the level of 290 with Stop-loss of 265 below on closing basis, within a week or 10 days.
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