GODREJAGRO looking good on a monthly timeframe#GODREJAGRO could continue its bullish trend if it closes above 760. This stock is a good example of re-test case study because an earlier resistance is now becoming a support. The entry should be planned if the stock goes above 760. Upside potential: 30-40%. Stop loss: 698. This is not a buy/sell recommendation. Research carefully and invest at your own risk
Agriculture
Paradeep Phosphates Ltd | AGRI Momentum StockParadeep Phosphates Ltd | AGRI Momentum Stock
Incorporated in 1981, Paradeep Phosphates Limited is a manufacturer of non-urea fertilizers and India’s second largest private sector phosphatic company.
Financial: strong
Market Cap = 6,264 Cr. Current Price = 76.8 Face Value = 10.0
ROCE = 11.0 % ROE = 11.0 % Debt to equity =1.14
Promoter holding = 56.1 % Quick ratio = 0.71 Current ratio = 1.06
Profit Var 3Yrs = 17.4 % Sales growth 3Years = 47.1 % Return on assets =3.38 %
here I discuss trending sector stock paradeep phosphates. I am technically bullish in this chart. stock is entered in unterritorial chart pattern. now we have to see how it works.
as well as stock financial is also good. And coming election would be also plus point for this agri sector stock.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
Stock Market Analysis Report: Godrej Agrovet Ltd. Hello, dear traders! Ready for a ride through the agricultural landscape with Godrej Agrovet Ltd.? Grab your tractors and let's plow through the technical analysis of this stock that has just broken through some serious multiyear resistance! 🌾🚜
Historical Context
For several years, Godrej Agrovet has been confined within a tight range, repeatedly hitting resistance around ₹750.00 without managing to break through. This resistance has acted like a force field, repelling the price every time it tried to move higher. But as they say, even the toughest barriers can crumble with persistent effort – and that’s exactly what’s happened here!
Price Action Overview
Chart Analysis
Current Price: ₹828.80
Monthly High: ₹841.95
Monthly Low: ₹675.00
Volume: 10.431M
Technical Analysis
Resistance Level: ₹750.00 (multiyear resistance, now potentially turned support)
Support Levels:
₹597.55 (former resistance)
₹417.85 (long-term support)
Volume: 10.431 million – indicating strong buying interest
The breakout above ₹750.00, reinforced by a surge in volume, suggests that this move is more than just a fleeting moment of excitement. This breakout could signify the start of a new upward trend.
What’s Next?
As Godrej Agrovet navigates new heights, here are a few key points for traders to watch:
Volume Confirmation: Continued high volume will strengthen the breakout's validity.
Price Consolidation: Look for the stock to consolidate above ₹750.00 before attempting further gains.
Price Targets
Immediate Resistance: ₹900.00 - The next psychological barrier.
Medium-Term Target: ₹1,000.00 - A significant milestone if the bullish trend continues.
Long-Term Target: ₹1,200.00 - Potential target if the stock maintains its upward momentum.
Market Sentiment: Keep an eye on broader market trends that could influence the stock’s performance.
Risk Factors
Despite the promising breakout, it’s important to stay cautious. False breakouts are like that one friend who always promises to meet you but bails at the last minute. To avoid any disappointments, ensure you have stop-losses in place and be prepared for potential retests of the breakout level.
Conclusion
Godrej Agrovet Ltd’s recent breakout above its multiyear resistance is a textbook example of a powerful bullish move. This could mark the beginning of a significant upward trend, bringing new opportunities for traders. As always, trade wisely and keep your risk management strategies in check. And remember, the stock market is full of surprises – just like when you find a forgotten chocolate bar in your fridge!
KN AGRI RESOURCES«⭐️ KN AGRI RESOURCES 💫»
📊Stock is showing good signs of a trend change in coming days , as it has broken out of its downward trendline and also broken out of its double bottom highs
📈Stock fundamentals are also good :
# Low PE ratio of 12
# Low debt co , Debt to equity ratio at 0.3
# PB ratio of 1.2
# High promoter holdings of 73%
👀 Co has some problem with cash flow ,apart from that , Overall stock is good both fundamentally and technically , Can go towards 165 / 200 levels in coming days , above that targets are open in the stock depending upon its fundamentals , CMP 140 , SL of 10%
turmeric trading in strong uptrendturmeric chart suggest ba ck to back monthly gains
ideally the trend could continue with retracements in between
it is following an upward sloping trendline on higher frame
the trendline its following comes straight from 2007 thus suggest a strong validity of the same
Agritech India is chances to boom 40% minimum within Jan2023Agritech india is a fundamentally strong company in agriculture sector in both Growth based investor analysis technique & Value based investor analysis technique. So, we can go long side in this company for investment purpose.
According to Technicals, 1Month time frame is in Up Trend & Recently its completed its higher low with Bullish Engulfing candle @ 0.618 of Fibonacci Retracement.
So, According to above Analysis report, AgriTech India is eligible for Investment Purpose
Expected price of target will be Rs:140
Sumitomo Chemical - Symmetrical Triangle Breakout Soon 📊 Script: SUMICHEM (SUMITOMO CHEMICAL INDIA LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY MIDCAP
📊 Sector: Chemicals
📊 Industry: Fertilizers & Agrochemicals
Key highlights: 💡⚡
⚠️ Keep an eye on SUMICHEM .
⚠️ It is near at its resistance zone which is around 500.
⚠️ Script is going to give double breakout which is trendline breakout and Symmetrical Triangle Breakout as mention in chart.
⏱️ BUY ABOVE AROUND 500
⚠️ If its give breakout then one can go for swing trade.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
BASF ready for the uptrend!🤩💸🔥Buy BASF for Positional Trading as well as Investment💸🔥💸
Comment your views!!!🧐🤔🧐
.
✔️Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company posted the best Q2 result and will very likely post a similarly strong result in Q3 too.
.
💡The stock is in a long term uptrend. From Aug 2021 it was in a retracement phase with very low volume. Now, with volume breakout of last Lower High & volume continuation retracement seems to have been completed and stock is poised to show a strong rally from current levels.
.
💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Buy QUALITY stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
.
LIKE, COMMENT & SHARE 😄😄😄
Chambal Fertiliser ready for the uptrend!🤩💸🔥Buy Chambal Fertilisers & Chemicals for Positional Trading as well as Investment💸🔥💸
.
Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company posted the best Q2 result and will very likely post a similarly strong result in Q3 too.
.
The stock had been on a long term uptrend. However, on a daily timeframe, it was in consolidation. It had formed a Cup & Handle pattern and recently given its breakout. A strong uptrend is likely to be resumed from the current level.
.
💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Buy QUALITY stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
.
LIKE, COMMENT & SHARE 😄😄😄
Soybeans ( Bearish ) Soybeans is heading to test next support zone as it is continuing the falling wedge pattern . short term trend is bearish till next support . We will continue to see low demand in china as it is 2nd largest economy low demand pressurise the price .We can expect increase in demand on next support . support levels r marked on the chart .