Chemicals
Target 1 Achieved🤩💸🔥💎@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 5-10% 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 😄😄😄
Meghmani Finechem ready for the uptrend!🤩Buy Meghmani Finechem for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
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💡About Company:
Meghmani Finechem Ltd. is primarily engaged in manufacturing and selling of Chlor Alkali & its Derivatives with backward and forward integration facilities and also engaged in trading of Agrochemical products.
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💡Products:
It is the 4th largest manufacturer of Chlor-Alkali and its Derivatives company in India. The company manufactures -
1. Chloralkalis: Caustic Soda Lye and Flakes, Liquid Chlorine, Hydrogen, Caustic Potash Lye and Flakes, etc.
2. Derivatives: The company has Chlor-Alkali Derivatives in the form of Chloromethanes and Hydrogen Peroxide
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💡User Industries:
The company's products are used in industries like Refinery, Paper & Pulp, Soaps & Detergents, Textiles, Dyes & Pigments, Pharma, Agro-Chem, Paints & Coatings, Alumina, Pesticides, etc.
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✔️Both Technically & Fundamentals strong.💪💪
The company recently posted the best Q3 Result.
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‼️ It was in a Retracement Phase from October 2021. Recently it formed an ascending triangle pattern and had given breakout. Now with the completion of a retest of breakout level, we can expect a strong uptrend 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 5-10% 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 😄😄😄
Atul ready for the uptrend!🤩💸🔥Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company recently posted the best Quarterly result and will very likely post similar results in Q3 too.
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The stock has been forming a Rounding Bottom for some weeks. Now, with the W pattern Reversal with Huge Volume, this bottom formation seems to come to an end & we can expect a strong rally from this level.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Buy QUALITY of stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
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 😄😄😄
Gujarat Alkalies & Chemical ready for the uptrend!🤩💸🔥Buy Gujarat Alkalies & Chemicals for Positional Trading as well as Investment💸🔥💸
Comment your views!!!🧐🤔🧐
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💡ABOUT COMPANY:
Gujarat Alkalies and Chemicals Ltd is a multi-product chemical manufacturing company and is one of the leading manufacturers of Caustic Soda Lye.
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💡Product Offerings & Revenue Mix FY21:
Caustic Soda Lye: 21%
Caustic Soda Flakes: 11%
Hydrogen Peroxide: 9%
Chloromethanes: 9%
Aluminium Chloride: 9%
Phosphoric Acid(85%): 6%
Others: 35%
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💡Products' Applications:
Its products are used by various industries viz. Textiles, Pulp & Paper, Soaps & Detergents, Alumina, Water Treatment, Petroleum, Plastics, Fertilizers, Pharmaceuticals, Agrochemicals, Plant Protection, Dyes & Dyes Intermediates, etc.
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It earned ~14% of revenues from exports in FY21.
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✅Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company posted the best Q2 result in its history & is expected to post a similarly strong result in Q3 too.
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❇️The stock had given a Multi-Year Volume Breakout in Oct 2021 & then it was in a retracement phase. With the recent Volume Breakout of the base & Volume Continuation, the stock seems to have completed its retracement & now is poised for a big rally from current levels.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Buy QUALITY stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
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 😄😄😄
Long Lime chemicalsLime chemicals
BSE:LIMECHM
Cmp - 25
Stop - Nil, Add more on relevant dips
Expectation -
T1 -40
T2 - Open, Review at 40
Expected Holding Period - 3 months or earlier for T1
Technicals - ✅, right
Fundamentals - ✅, will follow price
View:- Swing/Investment
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
ROSSARI BIOTECH: BUY WITH A TARGET OF 1600ROSSARI BIOTECH looks good on the charts. About to hit a long term trend which has been a very strong suuport for the stock earlier. Fundamentally, the stock is pretty good and is making it's highest ever profits. With an ROCE=28% AND ROE=23%, it certainly is one of the best among it's peers. Good growth as well. I don't see any reason why it should not regain it's previous high level after attaining a support at the trend. Moreover, this area has previously been a resistance, represented by the horizontal line on the chart. Go for it, like and share if you like the idea. You can comment if you disagree, happy to hear out if your opinion differs. Thank you!
Phillips Carbon Black ReboundTechnical alert from my screener.
Company is at good valuation and posted a good Q2 result.
Price action around 200EMA suggesting a potential upmove.
EV/EBITDA - 6.7
PE ~ 13 and PB ~ 2
Rubber futures are also on an uptrend which can turn to more bottom line growth for the company
Pondy on daily#pondyoxides
Pondy oxides
Attached daily and weekly charts.
On weekly it is approaching it's resistance area
If it closes above 480 on weekly basis LONG term position can be taken.!!!
Keep SL of 390 on weekly closing for long term position...
Target is better to trail but 715 is quite achievable.!!
For short term trades daily charts have shown VCP
long can be taken at close of 455 level and keep SL as 420
#VR
please do your own analysis.
These are my views and can be highly biased!!!
Approaching breakout#pondyoxides
Pondy oxides
Attached daily and weekly charts.
On weekly it is approaching it's resistance area
If it closes above 480 on weekly basis LONG term position can be taken.!!!
Keep SL of 390 on weekly closing for long term position...
Target is better to trail but 715 is quite achievable.!!
For short term trades daily charts have shown VCP
long can be taken at close of 455 level and keep SL as 420
#VR
please do your own analysis.
These are my views and can be highly biased!!!
Sree Rayalaseema Hi-Strength Hypo Ltd Buy for Mid/ Long TermSree Rayalaseema Hi-Strength Hypo Ltd may be considered a buy for Long term.
Please read every point before taking entry - Enter only and only if you feel confident, and if you feel what is written here is acceptable.
Factors for entry:
1. Fundamentally strong (Please go through the fundamentals of the company before messaging me, its easy and direct)
2. The Company is engaged in manufacturing and sale of industrial chemicals and generation and distribution of power - Chemical will be the next segment I will be concentrating on.
3. Technically - weekly trendline broken, strong bullish candles
4. Upper support levels are broken.
However, I won't recommend to buy completely now.
I will personally start building my portfolio slowly (I am expecting it to retest the bottom trendline again, if not then I am satisfied with the present entry).
Initial marked SL i.e below 270, is if people are taking an entry in CMP (What I suggest is better to build the portfolio, slowly adding more if its coming down).
The dark blue line may be followed if daily candle closing strongly above the resistance zone.
I am expecting a retest - so high probability of the dotted line to follow is there.
A safe SL is below 220 (This would be my SL)
TGT: 400/450/500 ++
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
PS: Since I am presently sailing- I wont be able to do any intraday trade, and this is the reason why I am not posting any intraday/ positional trades. As and when a good stock appears for mid/ long term investment, I will try to post.
Tata chemical - THE GAPHad put an alert on this level. There was a gap of almost 3.5 per cent on 6th august after its awesome results. Today it is back on that level where it gapped. Now my thesis is that the gap will be filled and it'll bounce back, or the gap will be filled and it'll keep going down. However, I am rooting for the upside considering the news and tata's EV ecosystem plans still holding the investor's eyes.
Multiyear Breakout in Fineotex Chemicals (Bullish Setup)FCL has Given a Multiyear Breakout this week supported with Good Volumes .There is a further possibility of getting huge returns.
Entry can be done in staggered way with a Time horizon of 9-15 months for good returns with a stoploss of Breakout levels.