Jesse Livermore’s Cylindrical Pattern: A Close-Up on Best Agrolife’s Stock

Best Agrolife, formerly known as Sahyog Multibase Limited, stands as a prominent agrochemicals manufacturer within India and ranks among the top 15 companies in this sector within the country. The company operates across three core business segments: Technical, Formulation, and Branded Products. With an extensive product portfolio, Best Agrolife offers over 70 different products, possesses more than 91 technical licenses, and holds 396 formulation licenses.

Some of the company’s most sought-after products include DIRON, PYMAX, PYDON, and IRMA. Additionally, Best Agrolife has introduced key products such as RONFEN, AXEMAN, REVEAL, CITIGEN, and VISTARA to the market. Notably, the company is actively developing 28 new products that are in the pipeline.

What is particularly striking about Best Agrolife is its consistent improvement in Operating Profit Margin (OPM) and sales, accompanied by remarkable growth in earnings per share (EPS). From a technical perspective, the company’s stock appears to be forming an immature ascending broadening wedge pattern, alternatively known as Jesse Livermore’s cylindrical pattern.

One response

  1. Md Jamil Avatar

    Best Agrolife had a strong Q2 FY24 with revenue of Rs. 811 crores, representing sequential growth of 32% and a YoY increase of 16%.

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