CHEMBOND : Rounding Bottom Formation#chembond #momentumtrade #swingtrade #momentumpick #swingtrading #Trendingstock
ChemBond : Rounding bottom Formation
>> Trending stock
>> Momentum pick
>> Good Strength in stock
>> Good Risk: Reward Trade
Keep trailing after 8-10% profits.
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
CHEMBOND
Chembond Chemicals Ltd CHEMBOND:- Stock has formed cup and handle pattern on daily chart, keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Chembond Chemicals Ltd CHEMBOND:- Stock has formed cup and handle pattern on daily chart, keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Chembond Chemicals Breakout1. 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 Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on RSI close below 30 (or use any other method of your liking)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
After a consolidation since October 2021, NSE:CHEMBOND has given a breakout today. Buy with a stop just below ₹238. (One can use the low of the previous bar/supertrend indicator/previous support point/fixed percentage from the buy price as stop loss also)
Strengths: -
1. Quarterly sales growth is at 31% and quarterly profit growth is at 62%
2. Debt to equity at 0.02 (less than 1 is good), Interest Coverage at 25.2 (greater than 3 is good), Current Ratio at 3.13 (greater than 1.5 is good)
3. Debtor days have decreased from 111 to 94
4. Promoter holding has increased by 1.21% over the last quarter
5. Company has been maintaining a healthy dividend payout of 69%
6. Stock is trading at 1.20 times its book value
Weaknesses: -
1. The company has delivered a poor sales growth of 3.74% over the past five years
2. Company has a low return on equity of 4.27% over the last 3 years
Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
CHEMBOND - Ichimoku Bullish Breakout Stock Name - Chembond Chemicals Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 251
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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CHEMBOND- Stake increase by DII/PromotersMy favourite Inverted Head and Shoulder Pattern is complete in this stock that I've been tracking for quite long.
DIIs have increased heir holding from 0.37% in March Qtr to 0.67% in June Qtr.
Promoters have been increasing their holding every Qtr since at least Sept 2018
The irony is the public holding has been reducing since June 2019 Qtr.
They have been consistently reducing YOY their liabilities and borrowings since March 2014
Net Cash flow has seen a significant positive jump.