Sree Rayalaseema Hi-Strength Hypo is in a classical uptrend; it has witnessed a breakout of an ascending triangle formation to resume its uptrend. The breakout coincides with rising volume and it managed to sustain above the breakout level where we can expect the level of Rs 1,000 in the near term.
Investment Advisor Mudar Patherya is bullish on midcap stocks Sree Rayalaseema Alkalies and Allied Chemicals and Godawari Power and Ispat. He sees these stocks giving better returns going ahead.