Agricultural Commodities
GREAVES COTTON -- WEEKLY BREAKOUT GREAVES COTTON -- WEEKLY TRENDLINE BREAKOUT .
1, Greaves cotton seen weekly trendline breakout on chart
2. stock trading at upper channel , whereas support at lower level of upper channel seen around 150-155 level bullish pattern seen on chart now
3. stock trading near 200 HMA , above 200 HMA candle closing will be sharp upmove towards 200 level can be seen
4. trix custom indicator seen turn green and just cross and move above 0 line which is strong bullish indicator.
5.current quarter result is strong as fundamental price aprreciation from now.
6. BUY GREAVES COTTON around 171-172 TARGET 180-200-225 + short term ( 1-2 month) and stop loss bellow 140
** this idea is for Educational Purpose ** trade at own risk !!
HAPPY TRADING !!
KMSUGAR - Another breakout sugar stockNSE:KMSUGAR
K.M. Sugar Mills Ltd. Is engaged in the manufacturing of sugar. It manufactures white crystal sugar, which is used for human consumption and in the industries, such as food, beverage and soft drinks.
TTM EPS: 4.43
TTM PE: 9.44
Sector PE: 20.61
Book Value Per Share: 23.20
P/B: 1.81
Face Value: 2
Mkt Cap (Rs. Cr.): 384
Some Positives:
Rising Net Cash Flow and Cash from Operating activity
Company with high TTM EPS Growth
New 52 Week High
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
Book Value per share Improving for last 2 years
Company with Zero Promoter Pledge
Stock gained more than 20% in one month
Strong Momentum: Price above short, medium and long term moving averages
Some Negatives:
Decline in Net Profit (QoQ)
Declining profits every quarter for the past 2 quarters
NOT A RECOMMENDATION. JUST FOR EDUCATION.
SHORT-TERM BULLISH in RENUKA SUGARS !!!#MONDAY>
<#SHORT-TERM>
NSE:RENUKA
{
Why SHREE RENUKA ???
VOLUME during this month is comparatively higher than past 4-5 years volume...(On Monthly candles);
its net profit has been increased drastically from quarters to quarters;
good news is being seen sugar industries;
it's earnings is going to be announced next month (May 28);
Be careful It's a PENNY STOCK;
}
{
BUY: Renuka sugars
Trigger price;-"60-62";
TARGET:-72++;
SL:-55;
The above provided levels are provided based on our RISK-MANAGEMENT !!!
}
} HAPPY TRADING
{
Follow for More exciting trades.. @VK2413
Show your ❤️by 👍to the idea..
Please express your response by comment..
}
Dhampur Sugar- Upflag BreakoutDhampur Sugar Mills (Dhampur) is one of the leading integrated sugarcane processing companies in India. Our continuous and often pioneering efforts to harness the full potential of sugarcane has enabled us to expand our portfolio beyond sugar to include renewable power, fuel ethanol, alcohol, extra neutral alcohol, alcohol based chemicals and bio fertilizers.
GREAVES COTTON LTD - POSITIONAL GREAVES COTTON LTD ---POSITIONAL
DAILY CHART BULLISH SIGNS.
1. Double bottom formation around 155-156 level from where trend reversal seen
2. Trendline breakout seen at strong support line 160-165
3. Last candle bullish strength seen at high of candle 178 is short term resistance
4. uptrend confirm once 180 level breakout upside at closing basis that means next candle should close above 180 then confirm BUY level
5. Bullish rounded bottom cup formation at daily chart
BUY GREAVES COTTON bove 180
TARGET 200 - 220 - 240
STOP LOSS 150
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk .!
HAPPY TRADING. !
Great potential of DWARIKESH to become leader in ETHANOL sector-India, the second largest producer of sugar in the world, is more than self-reliant for its sugar consumption. Countries that imported the highest dollar value worth of sugar from India in 2020 are United States, Indonesia, Italy, Algeria, Bangladesh & Malaysia.
Drivers of sugar demand in India-
1. Rising population
2. Growing chocolate demand
3. Rise in confectionery sales
4. Robust soft drinks consumption
5. Government initiatives
Overview of ethanol sector and government initiatives-
Ethanol is a major by-product for integrated sugar mills which finds downstream applications among oil marketing companies, who blend ethanol with fuel. The average ethanol blending rate in India was estimated at ~7.43% in the last five months of ESY 2020-21 against 4.5% in 2019-20. India could need about 1,000 crore litre of ethanol for doping in petrol by 2030 with a view to reduce dependence on imports for meeting oil needs.
The Government plans to double ethanol production and enhance the blending of ethanol and petrol to moderate oil imports. The country intends to increase ethanol production capacity from 4.26 billion litres to 6.60 billion litres from sugarcane and 5.4 billion litres from grain by 2025 to address the expected demand of 12 billion litres. The government approved a scheme allocating 460 crore to increase ethanol distillation capacity.
Sugar industry overview-
Uttar Pradesh is the largest sugarcane producer in the country, accounting for ~51% of the total cultivated area, ~50% of the crop and 35% of sugar production. About one-fifth of India’s sugarcane mill in the state. Sugar mills in Uttar Pradesh are estimated to have diverted 6.74 lakh tones sugar through B-heavy molasses and sugarcane juice for ethanol production this season against 3.70 lakh tones in 2019-20. Uttar Pradesh, with an annual ethanol production capacity of 1.4 billion litres, emerged as India’s largest ethanol producer.
FUNDAMENTAL ANALYSIS –
Dwarikesh Sugar Industries LTD is a company, which is primarily engaged in manufacture of sugar and allied products. The Company is also involved in the production of power and ethanol/industrial alcohol.
KEY POINTS –
1. Good quarterly results
2. Constant Increase in revenues and profits y-o-y.
3. Increase in foreign intuitions stake
4. Company is spending lot of capital in technologies and machineries for scaling production of
Sugar and ethanol.
5. Good dividend yield
6. Company is growing and planning to align their strategy with government policies.
7. no any red flags in company’s financials and fundamentals .
TECHNICAL ANALYSIS-
Stock just break the supply zone on weekly chart and as we can see on daily chart
We can see some kind of retracement and pullback from supply zone which turns out to be demand
Zone from now onwards.
On weekly chart we can see a kind of bullish dragon fly candle which indicates stock has massive
Upward potential.
Overall conclusion is we can bet on this stock on green environment theme for long term horizon.
It will be a good buy if we can accumulate this stock now or near demand zone ( which is around 85
To 75) as long term investment.
You can search the fundamentals and financials of company on tickertape platform.
This study is for education purpose only .
Zuari Global - Multiple BusinessesStrong Product Portfolio, also present in sugar sector to produce ethanol. Value unlocking