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Buyzone

STATE BANK OF INDIA/NSE/BUYNSE:SBIN is at great support and has potential for a bull market as NSE:BANKNIFTY is also down. I have been following this stock and on 22nd Feb around 50% of the volume was taken delivery as per NSE data. This means people are buying NSE:SBIN . Being a Passive Investor I usually sell put options because if situation goes against my trade I can still buy the stock later. I feel one can make at least 5% from this trade. Now I am running at a 1.5% profit 29MAR2023 480PE - ₹ 5 (sell) 29MAR2023 460PE - ₹ 2.75(buy)-------------------- JUST FOR DECREASING THE MARGIN
NSE:SBINLong
by amangupta17022001
Supreme Petrochem break out and pull back1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Largest weekly price spread c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop With TTM sales growth 86% and TTM profit growth 148%, NSE:SUPPETRO gave a volume breakout after a consolidation since may'21 and pulled back towards the buy zone. Buy if it crosses Rs.864 with a stop loss at Rs.800. Other fundamentals: - 1. SPL has over 50% market share in the polystyrene segment. It is the only domestic manufacturer of extruded PS foam board and styrene methyl methacrylate giving it a strong market position. 2. The Co incurred a total expenditure of 26 crores on ongoing projects related to PS and EPS at Amdoshi and Manali plants during FY21. In FY22, the Co has planned capital expenditure of 260 crores for Speciality Polymers & Compound and hardware replacement at both its plant locations. These projects will add 90,000 MTA of PS and 30,000 MTA of EPS capacity. 3. During FY21, LG Polymers India Ltd's, second largest polystyrene (PS) manufacturer in India Had to shut down its facility post a styrene vapour leakage incident at its Vizag plant. This resulted in more than 30% volume growth for SPL on account of the diversion of the incremental volumes catered by LG Polymers. 4. SPL plans to enter the mass acrylonitrile butadiene styrene (ABS) market, with an initial capacity of around 60,000 tpa to 80,000 tpa by setting up a new line at the existing plant over FY22-FY24. 5. Current Ratio at 2.26 (greater than 1.5 is good), Debt to Equity at 0.03 (less than 0.5 is good) and Interest Coverage at 147 (greater than 3 is good) 6. FCF to CFO at 78.2% (company won't need to borrow for capex in future) 7. Dividend yield at 1.82% (consistent dividend payer since 2010) 8. FII stack increased from 0.74 in September 2020 to 2.07 in December 2021
SLong
by akashbothra
BEST BUY AVAILABLE IN PHARMA STOCKS According to my analysis, I see a good buy in WOCKPHARMA @482-484 in this bullish market. Reasons: 1. Supertrend* generated a buy signal. 2. Average Directional Index is above 20** and is rising. 3. Close to 200 ema, Bounce Back Expected. 4. Near PIVOT R2, May act as support now. Time frame: 1day, Strategy Type: Swing Trade *Supertrend settings= 14/3 **ADX above 20 generally suggests that stock is not in sideways. I firmly believe that WOCKPHARMA can give a 5-20% return in 10 to 15 days. COMMENT YOUR THOUGHTS ON THIS:) NOTE: This is my personal opinion only, not a tip or something. I am not SEBI registered, this is for educational purposes only, you may use my strategy but I will not be responsible in any way for the profit or losses if occurred.
NSE:WOCKPHARMALong
by mohitkumarentrepreneur