Chemicals
lets understand support and resistance in detail support and resistance they play a truly crucial role in trading
If you want to trade like a pro, there's something you should know:
Support and resistance, they're the stars of the show!
this can be understood from the below:-
Support is like a floor, it holds prices up high,
Resistance is a ceiling, prices can't seem to fly.
When prices hit support, they tend to bounce back,
And when they reach resistance, they often lose track.
These levels are key, they're a trader's best friend,
They help you to enter, exit, and defend.
So pay attention to support and resistance, my friend,
They'll help you make profits and trade till the end!
volume confirmation along with breakouts are beautiful
Chambal Fertilisers & Chemicals Ltd : Swing Trade, Target 350+Chambal Fertilisers & Chemicals Ltd is engaged in production of Urea from its own manufacturing plants. It also markets/ deals in other fertilisers and agri-inputs. It also has a Joint Venture for manufacture of Phospohric Acid in Morocco.
Market Cap
₹ 12,201 Cr.
Current Price
₹ 293
High / Low
₹ 516 / 261
Stock P/E
10.3
Book Value
₹ 163
Dividend Yield
2.57 %
ROCE
23.4 %
ROE
26.4 %
Face Value
₹ 10.0
Debt
₹ 6,934 Cr.
EPS
₹ 28.4
PEG Ratio
0.29
Promoter holding
60.6 %
Intrinsic Value
₹ 545
Pledged percentage
25.0 %
EVEBITDA
8.18
Company is expected to give good quarter
Company has delivered good profit growth of 35.5% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 29.1%
Company has been maintaining a healthy dividend payout of 17.5%
Debtor days have improved from 83.0 to 48.9 days.
Well if anyone wants to take swing trade can go with given level on charts and this is good stock to invest for long term also. So trade accordingly.
If you guy's like my effort then please support me by like, follow and comment.
Thankyou.
Detailed analysis on TATACHEM, a good opportunity to buy ?Hello traders,
As market crashed, many stocks have given good downfall from ATH (All time high).
We should look at it as an advantage to accumulate fundamentally good stocks for long term.
Chemical and fertiliser stocks have also given a good retracement with the market.
TATACHEM, one of the good fundamentally strong chemical company has corrected 27% from All Time High.
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On the chart, I have provided the Price action analysis and entries on it. Here is a note of fundamental analysis on TATACHEM.
A short description of the company:
Tata Chemicals engages in the manufacture of inorganic chemistry products with plants spread across four continents America, Europe, Africa and Asia. We are the worlds third largest Soda Ash and Indias leading vacuum evaporated iodised salt producer. Their salt works, spread over 36,000 acres, are the largest in Asia. We produce soda ash using synthetic and natural mining process. Of this, 3/4th capacity consists of natural soda ash allowing us significant cost competiveness.
TATACHEM is one of the crown jewels of the Tata group, being the 3rd largest manufacturer of Soda Ash and 6th largest of Sodium Bicarb in the world, both of which have numerous uses - from glass, detergents and medication to being used in EV batteries ⚡
Here are some of the important points to note, and why I think this is one for the long haul:
📍 Soda Ash demand is booming, with increased usage of glass in buildings, increased production of EV batteries for vehicles, and increased demand water treatment.
📍 Tata Chemicals is on track to increase the capacity of Soda Ash production by 30% on top of the 4.4 million tonnes per annum (MTPA) of installed capacity and ongoing expansion, which help further capitalise on growing demand.
📍 Since Tata Chemicals have a cost advantage, relying on the mining of Trona from the US and Africa, they can also pass down the rise in raw material costs to the buyers, and therefore maintains a pricing/margin advantage as well.
📍 Tata Chemicals is now getting into the specialty chemicals space - used in medicines or in pharmaceuticals, or other specialised applications, attracting more sticky customers, higher pricing, better margins, better return ratios, and subsequently even higher valuations.
📍 It has been investing in areas like High-Density Silica, nutraceuticals and EV batteries to drive the next leg of growth.
This Pros of the company are helping to boost the revenue growth of the company resulting as a good stock to invest for long term. The company has a wide scope in the future and is expected to give great profits.
Given below are the links of my ideas of my other long term picks that are recently posted. Do check it out :)
Market has crashed so the stocks have corrected from our entry prices. Don't worry, these companies are fundamentally good and therefore we can keep accumulating on dips.
As always, simple and neat charts so everyone can understand and not make it too complicated.
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,
Aniket.
keep learning and keep earning.
BULLISH on Deepak Nitrite (Positional)NSE:DEEPAKNTR
According to my Analysis, Deepak Nitrite looks bullish for Positional trade i.e. from 1 to 6 months. The prices are trading above the Moving Averages which shows bullishness. The MACD indicator is bullish as the MACD line is above the Signal Line. The RSI indicator is above 50 levels which shows the strong momentum.
SL : 1948.20
Target 1 : 2456.40
Target 2 : 2625.80
Disclaimer : This is my views and analysis, it is only for educational purposes. It is not a recommendation, call or a tip.
Tata Chemichals - NeutralWait for some retracement before go long. All the drawings appearing in the chart are self explanatory. Nothing wrong in the chart.
Buy around 1000 with SL DCB marked above.
Rationale for waiting, if cant wait and have FOMO then but at CMP.
1. Volume noted in the first breakouts attempts was 21MM roughly, this time it is 13MM. Breakout with lesser volume.
TATA CHEMICAL - BULLISHDATE : 02.05.2022
TATA CHEMICALS
Its looking very bullish, as it is gap up opening with good volume and also forming kind of MARUBOZU candle. Once its crosses 1049, we may see bullish movement.
CMP - 1033
TGT - 1088, 1146, 1200
SL - 994
Disclaimer - This is for learning and education purpose only. Person taking position based on this will be self responsible for their profit and loss.
FCL: CHEMICAL SECTOR, PERFECT BOX BREAKOUTNSE:FCL
perfect box breakout from darvas ji ka box
CMP 188, near resistance 195, should be weak resistance as it is very old one from 2015. The old the resistance the weaker the resistance
Great Improvement In Fundamentals, Rising Sales Last 7 Quarters, Almost Nil Debt, Roce & Roe Both Above 20, All Margins Increasing.
EPS STRENGTH 71, PRICE STRENGTH 84, BUYER DEMAND 'A', MASTER SCORE 66, GROUP RANK 76 OF 197
CHEMICAL SPECIALITY
Disclosure: Personally Invested Buy Average Price 168
NOCIL ready for the uptrend!🤩💸🔥Buy NOCIL for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
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💡Key drivers for future price-performance:
1) The management guided for debottlenecking of its existing unit in the near term, even as it evaluates its plans for the next three-to-five years. Specialized products constitute 25% of total revenue; with limited room for expansion (the industry standard is 12%).
2) The Indian Tyre industry is expected to grow by 15-17% in volume terms in FY22. Domestic Tyre companies are planning to ramp up production, with a planned Capex of INR200b over the next three years.
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✔️ Technically & Fundamentally Strong💪💪
Best Q3 result.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
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Like, Comment & Share 😄😄😄
Reiterating Buy Call on PI Industries🤩💸🔥Buy PI Industries for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
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💡Key triggers for future price-performance:
1) Strong order backlog in CSM bodes well for future growth.
2) Foray into pharma CDMO expands revenue visibility further.
3) Improvement in the operational performance to aid return ratios.
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✔️ Technically & Fundamentally Strong💪💪
The company recently posted an Amazing Q3 Result.
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‼️ The stock is in a long term uptrend however from Sept 2021 it was in a retracement phase. With the recent announcement of the Q3 result which is amazing the stock has witnessed a W pattern Reversal from a crucial level. A strong rally is expected from current levels.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
.
Like, Comment & Share 😄😄😄
RCF - Mid/ Long Term BuyRCF seems fundamentally strong - again its in chemical sector.
Also presently showing a good consolidation.
High potential to give a strong breakout and continue in that direction.
Keeping an SL below 67 Rs, I have started to build my portfolio in this stock. I have already bought about 40% of my fund allocated for this stock. Currently my buy avg is 82. Will add more if and when its coming down.
I will exit at a tgt about 40% up, but I am seeing it to reach a potential of 165-85 Rs.
Let's see.:).
Usual Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
This is for a mid to long term investment only, its not a positional or an intraday trade
GNFC will break 4+ Year Resistance at 500 and 550Rounding Bottom is getting completed. GNFC posted a spectacular set of results, outnumbering itself and all chemical players in the industry.
500 has been a resistance since Oct 2017, and All time high of 550 is within reach with the positive momentum.
Extremely bullish - Buy at CMP, for Target 1 @ 500, Target 2 @ 550 and rest new territory new rules. Stop loss at 5% below CMP at supportive trendline.