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Ascending Channel

PNB Housing Finance – Weekly Positional Setup🏠 PNB Housing Finance – Weekly Positional Setup 🧭 Strategy: Cup & Handle breakout | 🏦 Sector: Housing Finance / NBFC 🔍 Setup Overview The stock is trading above key DMAs, indicating strong trend alignment 🔼 Sector momentum is clearly picking up — Housing Finance & NBFCs showing traction 📈 After briefly breaking below its ascending channel, price is now attempting a re-entry — often a bullish sign of reclaiming strength 🔁 A Cup & Handle pattern is forming on the weekly chart — a classical continuation setup 🏺 The first breakout zone was ₹1034.05, which had decent Weekly volume — but caution due to weakness seen in Daily TF 📉 📊 Volume Insight (Why It Matters) ✅ Weekly TF shows volume spike during recent bullish move ⚠️ However, on the Daily TF, red candles had higher volume — suggesting distribution or supply at higher levels ⛔ Avoid low-volume breakouts — these tend to fail or trap early entries 🔑 Wait for a clean Weekly close above ₹1086.50 with volume support(Risk Takers can take the leap now) 🧩 Confluence Factors (Multiple Confirmations = Stronger Setup) Pattern is forming inside a long-term ascending channel Reclaiming the channel = bullish structural strength Sector strength + stock above all key moving averages = powerful context All this happening in a period where broader market (Nifty 500) is still below 200DMA, making relative strength stand out ⚠️ Macro & Technical Risks Price could stall or reverse at the positional target near ₹1432.70 (ATH zone) Geopolitical uncertainty and macroeconomic shifts (rate changes, FII flow) could derail the move If volume does not accompany breakout, avoid or reduce position 🛡️ Risk Management & Strategy Use ₹934.70 as SL, based on structure, strictly on closing basis Total risk: 13.36%, potential reward: 31.85%, giving R:R = 1 : 2.36 Only enter after clear breakout confirmation with volume This is a positional setup, not a short-term one. Most important: Position sizing is critical — don’t overcommit on early setups 🎯 Educational Note Cup & Handle setups are most powerful when supported by: Multi-timeframe confirmation 📈 Sectoral strength 🏦 Channel/structural context 📐 Volume breakout 📊 Patience is your edge. Enter only when all the pieces align. Disclaimer: This analysis is for educational and informational purposes only. It does not constitute investment advice or a recommendation to buy or sell any securities. Always conduct your own research and consult with a qualified financial advisor before making any trading decisions. Past performance is not indicative of future results. Trade responsibly.
NSE:PNBHOUSINGLong
by sagartharayil
TORNTPHARM Final Bearish move before bulls entry????Yesssss!!!! Chart patterns suggest me the above titled opinion... TORNTPHARM has been travelling in a Ascending Expanding channel pattern IN A BULLISH MODE MAKING SERIES OF HIGHER HIGHS AND HIGHER LOWS... (shown below) Inside the bullish pattern , it is now currently in the downward phase that too inside rectangular descending channel pattern making a SERIES OF LOWER HIGHS AND LOWER LOWS.... It's moving like a written script till now....let's wait and watch whether the director(market) has any twist in the script or not!!! This is just my opinion....not a tip nor advice!!!! Thank you!!!!!!!
NSE:TORNTPHARMShort
by mmjimm
Manappuram Finance - Trade Setup📊 Trade Plan: Entry: Above ₹215 if broken out with volume. Stop Loss: ₹192.95 (Closing basis). Target: Watch price action near ₹231 (ATH); safe traders wait for a daily close above it. Position Sizing: Buy in small quantities and accumulate gradually. 📈 Why This Stock? Technical Setup: Trading above key DMAs (Daily Moving Averages). Stock was in an uptrend (June-Aug 2022) but fell out of the channel and gapped down significantly (Oct 24, 2022). Now recovering and trading near ATH (₹231), forming another channel. Entry possible above ₹215 if broken with volume. Watch for ₹231 breakout with volume (4-year trading range). Finance index has broken out of base and is trading above key DMAs. ⚠️ Market Conditions & Risks: We are trading against the trend (LL-LH structure). The overall market is below the 50 & 200 DMA, indicating potential further dips. Trades are more prone to failure unless the market structure changes. Safe traders should wait for confirmation before entering. 📊 Fundamentals (Key Data) Market Cap: ₹18,107 Cr Current Price: ₹214 52-Week High/Low: ₹230 / ₹138 Stock P/E: 9.21 ROCE: 13.8% ROE: 20.6% 🚨 Disclaimer: ⚠️ This is not financial advice. We are trading against the broader trend, meaning the risk of failure is high. Do your own analysis before taking any trade. Always manage risk and trade cautiously! 🚀
NSE:MANAPPURAMLong
by sagartharayil
Muthoot Finance | VCP Pattern in Play Muthoot Finance | VCP Pattern in Play 🔍 Technical Overview 📈 Trend: Uptrend, trading within an ascending channel. 🔄 Pattern: Volatility Contraction Pattern (VCP) in progress, signaling potential explosive movement. 📉 Correction: The stock corrected ~15% during the recent market sell-off but rebounded strongly, re-entering the channel. It’s now only ~9% off its recent ATH, showcasing resilience. Key Levels to Watch ✅ Entry Point: Breakout above ₹2279 with strong volume and a wide-range candle. 🎯 Targets: T1: ₹2492 (R:R = 1:1) T2: ₹3200+ (post-market stabilization, aiming for R:R = 1:2) 🛡️ Stop Loss: ₹2067.9 (below the most recent swing low to manage risk). Strategy 1️⃣ Enter 30% position on a clean breakout above ₹2279. Wait for a retest and continuation to add the rest. 2️⃣ If the breakout is sharp and you miss the entry, wait for a retest and continuation before entering, do not enter in FOMO. 3️⃣ Once T1 is hit, book partial profits to lock in gains, given the weak market conditions. 4️⃣ Hold the remaining position as per your risk appetite and trail your SL to protect profits. Why This Stock? ⭐ Resilience: Despite the correction, Muthoot Finance re-entered the channel, showing strength against market headwinds. 📊 Strong Indicators: RSI is rising, signaling bullish momentum, and the VCP pattern suggests tightening volatility before a potential breakout. 📉 Controlled Drawdown: From its ATH, the stock fell just ~9%, demonstrating relative strength compared to the broader market. ⭐Trading above Key DMAs Key Risks to Consider ⚠️ Weak Market Conditions: Broader market trends remain bearish, trading below the 200 DMA, increasing the chance of a failed breakout. ⚠️ Volume Dependency: Strong breakout volume is essential to validate the pattern. ⚠️ Market Correlation: Any further market correction could pressure this trade setup and the probability of hitting the SL increases. So trade light. Who Should Trade This? 1️⃣Aggressive Traders: Can follow the breakout strategy with proper position sizing. 2️⃣Conservative Traders: Wait for market stabilization and a close of NIFTY 50, Nifty 500 above the 200 DMA before entering any trade. Actionable Insights 🔒 Lock Partial Profits at T1: Secure gains to mitigate risk in this volatile environment. 📈 Trail Your Stop Loss: Once T1 is achieved, manage the trade dynamically to maximize returns. Disclaimer This analysis is for educational purposes only and not financial advice. Please conduct your own research and analysis before making any investment decisions. Trading involves significant risk. Trade wisely and stay disciplined! 🚀📊
NSE:MUTHOOTFINLong
by sagartharayil
SRM CONTRACTORS - At Channel Support The stock has been travelling in an ascending channel respecting the borders in 4 previous instances. Within the channel, we have seen how the stock price action has been repeating itself. As the saying goes history repeats itself, this time again the stock has shown strength at the channel support which in my opinion seems to be indicating a possible rally towards the upper border of the channel. Only time will tell. Company has reduced debt. Company is expected to give good quarter 3 Years ROE 34 %
NSE:SRMLong
by CannySunny
4
V2 Retail Ltd: CnH Breakout Setup🛒 V2 Retail Ltd: CnH Breakout Setup Entry: ₹2,002.85 Stop Loss (SL): ₹1,687 (on closing basis; -15.77%) Target: 🎯 Positional Target: ₹2,323 (+15.98%) 🚀 Why this trade? Chart Pattern: Clear Cup and Handle (CnH) breakout with the stock trading in an ascending channel. Trend Confirmation: The stock is maintaining its position above key Daily Moving Averages (DMAs), confirming strength in the uptrend. Sectoral Tailwind: Budget 2025 brings a positive outlook for the consumption and FMCG sector, supporting this trade's fundamentals. Volume: Increasing, but it still needs improvement to strengthen the breakout signal. ⚠️ Key Observations and Risks: Resistance Ahead: The channel top may act as resistance, so price action near these levels should be watched carefully. Market Context: Broader market trends are weak, making this a counter-trend trade that adds an element of risk. Volume Concerns: Volume is yet to fully confirm a breakout; a retest is possible. 📚 Educational Insights: Channel Tops as Resistance: In ascending channels, the upper boundary often acts as dynamic resistance; breakout strength depends on volume. Risk Management: With a wide stop loss (closing basis), position sizing becomes critical to limit exposure. This is a positional trade, so short-term fluctuations shouldn’t influence decisions prematurely. ✅ Suggested Approach: Take small positions initially to minimize risk while testing the market. Monitor volume and sector strength for additional confirmation. Avoid over-leveraging in trades with broad SLs, especially in counter-trend setups. 📈💡 "Adapt to market behavior, but always trade with discipline and patience." Disclaimer: This analysis is for educational purposes only and should not be considered as financial advice. Trading and investing involve significant risk, and past performance is not indicative of future results. Please consult with your financial advisor before making any trading or investment decisions. Always manage your risk and trade responsibly.
NSE:V2RETAILLong
by sagartharayil
Laurruslabs - Potential Breakout Opportunity🚀 Laurruslabs - Potential Breakout Opportunity 🔑 Early Entry: ₹627.5 💥 ATH Level: ₹725 📊 Positioning & Strategy: 💰 Entry Point: ₹627.5 ⚠️ Stop Loss (SL): ₹498 (20.9% downside risk) 🎯 Target 1: ₹725 (15% upside potential) 📈 Positional Target 1: ₹829 (~32% upside from entry) 🌟 Long-term Target: ₹999 (~59% upside from entry) 📍 Key Levels & Action Plan: Laurruslabs has been in an upward trajectory since April 2023 📈. It consistently takes support near the 200 DMA, signaling strength in its trend 🔄. 27 Jan 2025 saw a red candle with huge volume 📉, but the stock quickly bounced back 🚀. The ATH level at ₹725 is key 🔑. A breakout above ₹725 would confirm a 3.5-year resistance breakout and All-Time High. 💡 Action Strategy: For Safe Traders: 📉 Book partial profits at ₹725 and trail SL to lock in gains 📊. For Risk-Tolerant Traders: 👀 Watch for a breakout above ₹725. If confirmed with 3-5X volume 📈 and a clean breakout candle, consider adding more 🚀. 🔢 Risk-to-Reward (RR) Calculations: From Early Entry to Target 1 (₹725): Upside: ₹725 - ₹627.5 = ₹97.5 (15% upside) 📈 Downside (SL): ₹627.5 - ₹498 = ₹129.5 (20.9% downside) ⚠️ Risk-to-Reward Ratio (R:R): 1:0.72 (Risk is higher than reward here, so position sizing is key 🧑‍💼) From Early Entry to Positional Target (₹829): Upside: ₹829 - ₹627.5 = ₹201.5 (32% upside) 📈 Downside (SL): ₹627.5 - ₹498 = ₹129.5 (20.9% downside) ⚠️ Risk-to-Reward Ratio (R:R): 1:1.56 (Better reward for the risk taken ✅) From Early Entry to Long-Term Target (₹999): Upside: ₹999 - ₹627.5 = ₹371.5 (59% upside) 📈 Downside (SL): ₹627.5 - ₹498 = ₹129.5 (20.9% downside) ⚠️ Risk-to-Reward Ratio (R:R): 1:2.87 (Excellent reward for the risk taken 🎯) ⚠️ Risks Involved: 📉 Market Conditions: The overall market is in a LH LL structure, so we are trading against the trend 📊, which adds extra risk 🔥. 🔥 27 Jan 2025 Candle: The red candle with high volume is concerning, but no follow-through happened 📉. The stock bounced back quickly, which we can consider as a shake-out 🌪️. 📏 Position Sizing: Due to the deep stop-loss (20.9%), position sizing is crucial to manage risk effectively ⚖️. "The stock market is a device for transferring money from the impatient to the patient." — Warren Buffett 💬 Disclaimer: This analysis is educational and not financial advice. Always do your own research 📚 and consult a professional advisor 💼 before making any trading decisions. Stock market investments are risky, and past performance doesn't guarantee future returns 💡.
NSE:LAURUSLABSLong
by sagartharayil
CHOLAFIN - ReassessmentThe last time I posted the chart, the inverted Head and Shoulder pattern was evident and it had signaled that the downward trajectory has been arrested. However, the analysis was premature and with the very close Stoploss we were safely out of the stock. That is the benefit of having a stoploss. Since then the stock has gone on to form a nice base respecting that bottom zone the Inverted Head and Shoulder had arrested and also now it is making a more evident Triple Bottom on the Support line of the Ascending Channel. I believe the stock is now ready for an up move.
NSE:CHOLAFINLong
by CannySunny
Persistent Systems: A Promising Opportunity?Persistent Systems is currently trading in an ascending channel, indicating an ongoing uptrend 📈. After correcting nearly 20% from its all-time high (ATH)—which coincided with the channel top—it has now broken above a key trendline with strong volume and a wide-range bullish candle 💪. 📊 Key Technical Analysis: 🎯 Entry: ₹6,365 ⛔ Stop Loss (SL): ₹5,538 (closing basis) 🏁 Targets:T1 (Previous ATH): ₹6,790 (+7%) Positional Target: ₹7,681 (+21%) Long-Term Target: ₹9,094 (+43%) 📌 Technical Highlights: 1⃣Persistent has bounced back from the 50 DMA, showing strong respect for this critical support level 2⃣Closed above the 50 DMA with a strong bullish candle (minimal upper wick, significant volume). 3⃣Trendline Breakout 4⃣RSI is rising, indicating upward momentum. 5⃣Channel top could act as resistance—keep an eye on price action near T1 levels. 🧮 Position Sizing:Start with 20-30% of your planned allocation at ₹6,365. If ₹6,790 is broken with volume, consider adding more. Partial profits can be booked at T1, with the remainder trailed for higher targets. ⚠️ Respect the SL (Stop Loss), as it represents a 12.45% risk. 📈 Why Persistent Systems Looks Attractive for Long-Term Consideration: 1. 🌟 Growth Drivers: AI Integration: AI is a core focus for Persistent’s growth strategy, with significant investments in AI-driven solutions 🤖. Strategic Acquisitions: Acquisitions like Starfish Associates (contact center modernization) and Arrka (digital governance and AI cybersecurity) enhance Persistent’s offerings. 📊 Revenue Momentum: The company has reported 18 consecutive quarters of revenue growth, recently achieving a robust 18.4% YoY increase. 🏆 Industry Recognition: Named the fastest-growing IT services brand in the 2024 Brand Finance India 100 report, highlighting its competitive edge. 2. 🛠️ Expansion Plans: Focused on AI-led, platform-driven services to drive innovative solutions for clients. Strengthened executive leadership to support non-linear growth through mergers, acquisitions, and large deals. 3. 💹 Respecting Key Support Levels: Persistent has consistently respected the 50 DMA, a strong indicator of investor confidence and support at this level. These factors, coupled with the company’s strategic focus on AI and consistent execution, make Persistent Systems an attractive consideration for long-term investment. 🌍 Broader Sector Context: The IT sector is holding up well despite market volatility, and Persistent’s positioning in emerging technologies like AI ensures it is aligned with future trends 🔮. 💡 Final Thoughts: This trade is against the trend, so trade light and manage risk effectively ⚖️. The channel top could pose resistance, but the overall structure and long-term prospects are promising. The probability of trades failing is high when the market is in a downward trend. Please keep that in mind. If you find this analysis insightful, like and share to help others make informed decisions 👍. Follow me for more educational trading ideas and detailed stock analysis 📚. ❗ Disclaimer: This is for educational purposes only. Please consult with your financial advisor before making any trading or investment decisions.
NSE:PERSISTENTLong
by sagartharayil
Kaynes bouncing from channel support and 50 D #Kaynes Technology. Looks good for a Swing. Entry: Buy Small quantities in CMP(6547) Stop Loss (SL):Marked at ₹5,806.30, Target (T1): ₹7,697 ✅Channel Pattern: The price is moving within an ascending channel, respecting both the upper and lower trendlines. The recent pullback appears to have tested the lower trendline support, followed by a bounce. ✅The stock is trading above the 200-day moving average (yellow line), signifying a bullish long-term trend. ✅Stock Takes support at 50 DMA. Right now it is bouncing from channel support and 50 DMA. ✅A sharp green candle on strong volume indicates renewed buying interest at current levels. 📎Strategy: Buy at CMP in small quantities to reduce risk, as per the chart's suggestion. 📎Watch for:A strong close above the middle of the channel for confirmation of bullish momentum toward the target. Exit the trade if the price breaches the ₹5,806.30 stop-loss level. ⚠️Overall Trend is bearishI'm Not sure if this is the beginning of a bear market or a Bull Market Correction. So keep the positions limited. Do not go full-on. Keep your capital safe and manage the risk properly.
NSE:KAYNESLong
by sagartharayil
FSL taking support at Channel Bottom and Bouncing...Stock: Firstsource Solutions Ltd. 📎Chart Pattern: Ascending channel with a recent pullback. ✅Key Levels:Entry: ₹380.35 ✅Target (T1): ₹423.10 ✅Stop Loss (SL - Closing Basis): ₹344.70 📎 Observations: ✅Stock is consolidating within a rising channel and has bounced from its lower trendline. ✅The 50DMA(Green) and 200DMA(Yellow) are acting as strong supports, suggesting bullish momentum. ✅RSI and volume remain aligned with the uptrend. 📎Risk-Reward: It is favourable for swing and positional traders. Further additions above 423 would be possible if we get a clean breakout with volume. EveryPullback to 50/200 DMA is a buying opportunity. ⚠️Overall Market sentiments are weak and we are trading against the trend. Disclaimer: This analysis is for educational purposes only, not financial advice.
NSE:FSLLong
by sagartharayil
Nifty 50 at a Critical Support: Rebound or Further Decline?Hello everyone, i hope you all will be doing good in your life and your trading as well, today i have brought a daily timeframe analysis on Nifty which is trading within a Bearish Falling Channel and recently broke down from a smaller Bullish Channel , indicating continued weakness. It is now approaching a Strong Support Zone , which could either lead to a rebound or a fall toward 22,246 if the support breaks. The RSI shows bearish divergences aligning with past declines, while recent bullish divergence suggests possible support. This is a key level to watch closely. Disclaimer: This post is for educational purposes and not financial advice. Always do your research and manage your risk. Don’t forget to like and follow for more trading ideas like this. Check out my profile @TraderRahulPal for other detailed insights into technical and fundamental setups. Let’s grow together!
NSE:NIFTY
by TraderRahulPal
11
Navkar Corp Breakout Alert.Navkar Corporation Ltd. ✅The stock has broken out of a base and is exhibiting strong bullish momentum. ✅It remains in an uptrend, trading comfortably above key moving averages, signaling continued strength. ✅The RSI (Relative Strength Index) indicates healthy momentum, further supporting the bullish case. ✅Currently trading within a well-defined ascending channel. However, the channel top may act as resistance, so monitoring price action near this level is crucial. ✅Encouragingly, the recent price movement is supported by strong volume buildup, which adds credibility to the breakout. ✅On the left side of the chart, there is no significant immediate resistance apart from the channel top, suggesting room for upward movement. ⚠️Market Context & Risk Management: ➡️While this setup appears promising, the broader market remains weak, indicating that this is a stock-specific market. Traders should practice strict risk management and position sizing to safeguard against adverse market conditions. ➡️Key Levels: Current Market Price (CMP): ₹174 Stop Loss (SL): ₹153 (on a closing basis) Disclaimer: This analysis is for educational purposes only. Please conduct your own due diligence before taking any positions.
NSE:NAVKARCORPLong
by sagartharayil
National Aluminum looks strong. Add to your WLNationalaluminium- add to your Watch List. ✅Good pattern- Forming VCP, inverse H&S ✅Stock in an uptrend. ✅Resisted the overall market fall ✅Never fell below 50-200 DMAs while many stocks were trading well below that in this correction. ✅Volumes are picking up now. ✅3 White soldiers on DTF. This is a good positional long-term bet. Accumulate or pyramid in this. This is just my view. This is not a buy/sell recommendation. Please trade as per your risk appetite and discretion.
NSE:NATIONALUMLong
by sagartharayil
Took Support on Accumulation Zone.NSE:VIJAYA broke out in the Resistance zone at 880 Which is now acting as a support Zone and now acting as an accumulation zone as it got accumulated and bounced back from that place only, making new ATH. Keep in Radar. Check out my other stock ideas below until this trade gets activated, I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:VIJAYALong
by Karanshah137
Bank Nifty in Ascending Channel Chart Pattern You guys obviously know how to trade parallel lines !? either side wait and then retracement and BOOM ! a winning trade.. Channel is a powerful yet often overlooked chart pattern and combines several forms of technical analysis to provide traders with potential points for entering and exiting trades focus on buying near the bottom of the channel and exiting near the top. Be wary of shorting since the trend is up Keep boosting/liking this post whenever the support or resistance is touched, I challenge you !
NSE:BANKNIFTY
by piyushbafna000
T T LTDTT Limited is a part of TT Group. Company is a vertically integrated textile producer, and garment manufacturer and a three star Export House. It is engaged in yarn trading, knitting, and cutting and sewing of textile products. Huge CAPEX on track Company has inked an MoU with the U.P. Government at the Investment Summit for a large-scale textile unit within the proposed Garment Cluster under the PM Mitra Scheme in Hardoi District, Uttar Pradesh. Concurrently, plans are underway for a fabric manufacturing unit in Surat, aligned with the upcoming Textile Ministry PLI2 scheme. Company is also planning to expand its Tirupur unit aiming at doubling its capacity by 2025. Recent collaboration with Bihar Government Company has launched ‘Made in Bihar’ logo to strengthen the manufacturing and marketing network of ‘Made in Bihar’ Hosiery products. The ‘Made in Bihar’ Hosiery products are being manufactured in collaboration with hosiery manufacturing company TT Limited and units established by the beneficiaries of Mukhyamantri Udyami Yojana in Sikandarpur Industrial Area, Bihta. Debt reduction Company has been on debt reduction spree by reducing its debt from 277Cr in FY19 to 129Cr in FY24 showing a constant reduction. Technical Indication Technically also company is looking very strong by forming cup and handle patten and also on the verge of giving lifetime high breakout by breaking 2018 highs. Improving Fundamental TTL has ROE of 6.37% and ROCE of 7.90%. It has been consistently generating cash from operating activities and has been using it to repay debt. Promoters are majority stake holders in company holding 58.66% stake in this counter. Considering the strong developments in this counter this counter can give huge up-move in coming time
NSE:TTLLong
by CannySunny
Mishtann Foods - Falling Wedge Breakout - Ascending ChannelMishtann Foods has recently broken out of a Falling Wedge pattern on Daily Timeframe, as shown in the Chart. The stock has also been moving in an Ascending Channel on Weekly timeframe and has recently taken support at the bottom of the channel and bounced from there. Support at the bottom of the Channel has been tested 3 times, as shown in the image. Looking good to me. What are your thoughts? Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
BSE:MISHTANNLong
by gurinder1988
1
Balaji Amines - Long Term Channel - Potential breakout ahead?Balaji Amines Ltd (NSE: BALAMINES) has been moving within a well-defined ascending channel on the monthly chart. The stock has shown consistent growth, respecting both the upper and lower boundaries of this channel. The stock has been trading within this ascending channel for over a decade. Recently, it has tested the lower boundary and seems to be gearing up for another upward move. Watch for a confirmed breakout above the trendline shown. The upward trajectory in the channel suggests that the long-term trend remains bullish, but caution is advised if the support at the bottom of the channel fails. If the price breaks out above the upper trend line, it could signal the start of another impulse wave, potentially testing the upper boundary of the ascending channel. Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
NSE:BALAMINESLong
by gurinder1988
Neat & Clean Breakout seen after 7 Years in Gulf Oil Lubricants.Hello Everyone i hope you all will be doing good in your Trading and your life as well. I have brought a stock which has given a long consolidation period breakout with huge volume spike on chart. Stock name is Gulf Oil Lubricants Ltd , and it is engaged in the business of manufacturing, marketing and trading of automotive and non-automotive lubricants. It is among the top three lubricant companies in India among private players. Distribution Network The company's distribution network is spread across 80,000+ touchpoints, 300+ auto distributors, ~1,000 Gulf rural stockists, ~70 Industrial distributors, ~7,600 Gulf bike stops, ~2,600 Gulf car stops, 30+ Depots, ~12,500 Retail touchpoints for Battery and ~430 Battery service points. It has 500+ B2B Customers and 750+ infra-mining fleet customers. Market Position The Co is the second biggest brand in India and among the top 3 players among private sector players in the Indian Lubricant industry. It also commands a Top 5 share in the 2-wheeler battery replacement segment. Technical Terms Stock is Trading Above 200-DEMA MACD is giving Bullish crossover (Note:- I have not placed on chart but i have done analysis) Good Volume spike seen on Breakout. This is one of the best stock to hold for long term. Company has been maintaining a healthy dividend payout of 40.7%. Company's working capital requirements have reduced from 68.7 days to 54.6 days. Short term to Medium Term Targets i have already Placed on chart. In long Term stock has potential to give more than 1000% returns if someone hold this 8-10 years from here. Market Cap ₹ 6,081 Cr. Current Price ₹ 1,236 High / Low ₹ 1,349 / 521 Stock P/E 18.6 Book Value ₹ 263 Dividend Yield 2.91 % ROCE 27.4 % ROE 24.9 % Face Value ₹ 2.00 Industry PE 41.9 Debt ₹ 358 Cr. EPS ₹ 66.7 Promoter holding 71.8 % Intrinsic Value ₹ 897 Pledged percentage 0.00 % EVEBITDA 11.2 Change in Prom Hold -0.04 % Profit Var 5Yrs 11.6 % Sales growth 5Years 14.0 % Return over 5years 8.02 % Debt to equity 0.28 Net profit ₹ 328 Cr. ROE 5Yr 24.0 % Profit growth 33.7 % Earnings yield 8.12 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:GULFOILLUBLong
by TraderRahulPal
8