Stock to buy today: Supreme Petrochem (₹703.10) – BUY

BUSINESS

Stock to buy today: Supreme Petrochem (₹703.10) – BUY

AIMPWA

May 12, 2025

Table of Content

The stock seems to be gaining momentum and gearing up for a fresh rally. The share price surged over 7 per cent on Friday, breaking well above a key resistance level of ₹680. Moving average cross-overs on the daily chart also strengthens the bullish case. The region around ₹680 will now act as a strong support.

A break above the immediate resistance at ₹721 can take Supreme Petrochem share price up to ₹800 in the next few weeks. Traders can buy Supreme Petrochem’s shares now at ₹703. Accumulate on dips at ₹685. Keep the stop-loss at ₹645 initially. Trail the stop-loss up to ₹720 when the price goes up to ₹735. Move the stop-loss further up to ₹745 and ₹765 when the share price touches ₹760 and ₹775 respectively. Exit the long positions at ₹790.

Video Credit: Businessline

(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)

Published on May 12, 2025

Source link

AIMPWA

mmkrishnandasu@gmail.com http://msmenews.sbs

Sacheerome Limited Debuts On NSE Emerge With 50% Premium Over IPO Price

AIMPWAJune 16, 2025

New Delhi, Jun 16 (KNN) Sacheerome Limited commenced trading on NSE Emerge platform on June 16, 2025, at Rs 153 per share, representing a 50 percent premium over its initial public offering price of Rs 102 per share. The fragrance and flavour manufacturing company’s market debut valued the firm at over Rs 350 crore in market...

The U.S. Navy is more aggressively telling startups, ‘We want you’

AIMPWAJune 15, 2025

While Silicon Valley executives like those from Palantir, Meta, and OpenAI are grabbing headlines for trading their Brunello Cucinelli vests for Army Reserve uniforms, a quieter transformation has been underway in the U.S. Navy. How? Well, the Navy’s Chief Technology Officer Justin Fanelli says he has spent the last two and a half years focused...

Alexa von Tobel has high hopes for ‘fintech 3.0’

AIMPWAJune 15, 2025

It’s been 10 years since Alexa von Tobel sold her financial planning startup Learnvest to Northwestern Mutual for $250 million. Since then, von Tobel became Northwestern Mutual’s first chief digital officer, then chief innovation officer, before launching an early-stage venture firm of her own, Inspired Capital, with former U.S. Secretary of Commerce Penny Pritzker. She’s...

The investor experience at TechCrunch All Stage: One floor, infinite deal flow

AIMPWAJune 14, 2025

TechCrunch All Stage isn’t a waiting room for warm intros — it’s a floor full of founders, ideas, and breakout potential. For VCs, it’s a rare chance to skip the filters and meet the future of tech in one place, on one day, with no layers between you and the next standout story. Whether you’re...

Clay secures a new round at a $3B valuation, sources say

AIMPWAJune 13, 2025

Clay, a sales automation startup, has raised a Series C round at an approximate $3 billion valuation, led by Capital G, according to three sources with knowledge of the deal. Clay and Capital G didn’t respond to a request for comment. The new round comes just a month after the New York startup announced that...

ALL INDIA MSMES PROMOTION AND WELFARE ASSOCIATION