manuvsingh

Thirumalai Chemical - Multi-Year Cup & Handle BO

Long
NSE:TIRUMALCHM   THIRUMALAI CHEM
NSE:TIRUMALCHM

Buy Zone: 120-105 (on pull back)
Target: 149 - 177 - 209

SL: 96

R:R - 1:3
Expected Time Frame : 3-6 Months

Same Pattern BO on Daily Time Frame too.

Daily, Weekly, Monthly RSI>65
Trade active: 1st Target - 149 Reached
11th June's High - 149.4

Return - 23% in 1 month
from recommended price 121

Comments

excellent research. Thanks for sharing..keep it up.
+1 Reply
Thirumalai chemicals-bumper quarter!!
#tirumalchm

Rev at 388cr vs 290cr

Pbt at 100cr vs 3.5cr
Q3 PBT was 57cr

Pat at 85cr vs 2cr

Q4 eps of 8.3rs
Fy21 eps of 11.5rs🔥

Ocf at 180cr vs 119cr

Phthalic anhydride prices are still stronger.
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Thirumalai ++5%
Time to fly as...
DGTR finds that there is an injury to the domestic market regarding the imports of Phthalic Anhydride (PAN) originating in or exported from China PR, Indonesia, Korea RP and Thailand and has recommended duty on the same. (CNBC Awaaz)

Thirumalai in focus
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