Concor showing signs of bottoming downConcor has given sharp fall from 52 week high of around 828 . Currently stock is in a channel and RSI is showing a positive divergence clearly.
Risk reward ratio at 575-580 levels is very high since there is a strong support at 550-555. Above 610, 660 is the next strong resistance level.
Keep in radar and trade with your own analysis. This idea is shared for educational purpose only.
Bottomfinder
AMI ORGANICS LTDMarket Cap- 3,613 Cr.
Promoter holding 39.4 %
Stock P/E 48.4
Industry PE 24.9
ROCE 23.7 %
ROE 20.9 %
OPM 19 %
EBIDT growth 3Years 36.5 %
EPS 20.5 vs 19.8 vs 17.1
FII's (Sept 2022 vs June 2022 vs March 2022)
5.76 vs 1.84 vs 2.23
Company is almost debt free.
Company has delivered good profit growth of 43 % CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 26.5%
Ami Organics Limited is one of the leading research and development-driven manufacturers of specialty chemicals which are primarily chemical components used in fine and agro chemicals. Their key products under the API segment have captured 50-90% of the global market share
With a legacy of 14 years, the Company has developed and commercialized over 450 pharma intermediates across 17 key therapeutic areas since inception and NCE, which are being supplied to over 450 customers in India and 50 countries overseas.
They also have the capacity to manufacture advanced pharmaceutical intermediates and other specialty chemicals on a make-to-order basis. Its R&D team works closely with customers and provides them with cost-efficient and innovative solutions
Some of the regions where Ami Organics has customers are the USA, China, Israel, Japan, Latin America.
The Co.’s client list includes major companies like Laurus Labs Limited, Cadila Healthcare Limited and Cipla Limited, Fabbrica Italiana Sintetici S.p.A, Chori Co. Ltd., Medichem S.A., and many more.
spandan : Twizzer Bottom , Bullish Engulf, Multiple BottomNSE:SPANDANA
Price Action : Twizzers Bottorm - Bullish Engulf
RSI: BULLISH DIVERGENCE
Pattern : Double/Multiple Bottom
Probability to break Green Trendline
Observation: Buy with Given Target. Trendline breakout will be the Long opportunity for given Target
Buy: @ 343.5 - 370
Stoploss : 330
Target : 390 - 408- 440 - 484- 500 - 510 + + + + + + + + + + + + + + + + + +
Note: Never Trade without stop - loss.Long term Stop loss should not be more than 4 %
► Bottom Fishing Pick #1: DBCORP ◄► Bottom Fishing Pick #1 ◄
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☆ Kindly like 💗 & share ➥ this pattern. Comment with what do you think. Follow me @ tradingview for more updates for more interesting patterns ↝ and analysis.!!!
📌 Buying Level:
Entry: ▲ 90
SL: ☢ 82
Target: ➚ 110/130/150
Thank you. Happy Trading!!!
Best Regards,
𝘿𝙧. 𝙎𝙝𝙖𝙢𝙧𝙖𝙟𝙖 𝙉𝙖𝙙𝙖𝙧
𝙋𝙝𝘿 𝙞𝙣 𝙏𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮.
✬ Disclaimer ✬
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Coal India Long Term ViewCoal India is trading at 52 week low levels. We may be buying at bottom. Dividend yield 10%. Dividend Plus Growth Opportunity.
Fundamentals:
> Debt Free Stock
> Huge Cash Reserves
> High Dividend Yield
> One of the best in Coal extraction Margin Wise in the world.
View: Long Term Minimum 1 year. Target 150 Plus