Chemical sector indexCustomized chemical sector is showing accumulation and expected breakout can come next week. Focus on this sector, as it going in narrow range soon. Stocks like, Aartiind, Pidilite,DEEPAKNTR are in focus.
Chemical-stocks
LAURUS IS READY FOR UPMOVELaurus lab is trading all moving average 10,20,30,50,100,200. Rsi-62 which shows strength.
Traders and investors may buy above 599. with SL-572 & Terget -645-710.
Happy investing.
Himadri Speciality - Increased Volume on Daily ChartHimadri Speciality - Increased Volume on Daily Chart, crossed important huddle of 49.9 next huddle 54.5
Entry - above 54.5 (Can enter now to reduce Stop loss also but slightly risky)
Stop loss- 41.5 (Trail Stop 49.9 after 54.5 is crossed and sustained)
Trgt1 - 81
Trgt2 - 114
Duration - 1 year
All numbers are weekly based
Bussiness model : Co manufactures a wide range of carbon materials and chemicals. Its products include coal tar pitch, carbon black, specialty carbon black (SCB) Naphthalene, Advanced carbon material, SNF (Sulphonated Naphthalene Formaldehyde) and specialty oils.
They are planning to expand production of Lithium Titanate Oxide which will be used for electric vehicle Batteries.
It has transformed its portfolio from low value products to high valued products over the years for higher margins.
Mar 2020 and Jun 2020 has been bad Quarters for this Co due to Covid expect this Co has been performing consistently well.
Promoter holds 45.43% slightly below average.
Debt 596 crs can be cleared with 2 years profit, however Company is looking for expansion so Debt clearing won't happen soon.
Co is profitable from last 4 years since sales growing at good speed
Cashflow decent from last 6-7 years
Technically accumulation has happened on monthly charts from last 4 months and stock is ready to breakout from its Cup and Handle pattern
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Rossari Biotech ltd. FutereIn 2Hr. Time Frame Draw Trading line for long on Rossari Biotech at Point 700,725,744,754.. it's Support point and 811 is resistance Point. when price Break the Resistance 812 with higher Volume Then Chance To Go Long or the resist the take support on Trade Line. And Also Small Support and Resistance Show on the Chart.
