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Paradeep Phosphates share price drops 5% after CPCB orders closure of Odisha plant
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₹64.69 apiece on the BSE. Rajesh Bhosale - Equity Technical and Derivative Analyst at Angel One, said that the Paradeep Phosphates stock price has seen a strong gap-down opening in today's session; however, post-opening, we have seen the price trying to bounce back and has regained most of the lost ground.
The technical structure for the counter, however, remains weak and is likely to remain underperformed. Traders can lighten up longs on bounce with ₹70 as resistance and support are seen at ₹62.
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