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.
Chemicals
tata chem watch out for break out the price tend to bounce at 293 support as this proved to be strong support in the recent times.
second support is 273 points. as the current market condition is good for chemical and pharma we can take a call in the dip.
Disclaimer Note: the above views is only for study and analysis purpose.
Trade at your own risk.,
Buy Navin Flourine @ 1560 I took a pilot position at 1560 and I will be looking to add at current levels or closer
Technical: stock quickly recovered from recent COVID-19 crash lows. It held 2019 lows and surged higher very quickly to make new highs. up days are on relatively higher volume as compared to down days. down days are on very low volume, which signals that the selling may be dissipating. This is a good setup.
Fundamental:
This stock shows great sales and profit growth.
5 years of sales growth - 15%
5 years of profit growth - 21%
Margins are stable since past 4 years upwards of 20%
The company has zero Debt
TTM earnings up 14%
Long Balaji Amines@412.5I took a pilot position at 412.5 and I will be looking to add at minor corrections
Technicals: stock quickly recovered from recent COVID-19 crash lows. It held 2019 lows and surged closer to its 52WH. Price has been consolidating since April.
Fundamentals:
TThis stock shows good sales and profit growth. TTM earnings are close to highest levels since 2018. if the margin improves, the profits can rise.
5 years of sales growth - 9.12%
5 years of profit growth - 27.93%
Margins close to its higher levels of 19 %
Long Bayercrop @ 5200I took a pilot position at 5200 and I will be looking to add at minor corrections
Technicals: stock quickly recovered from recent COVID-19 crash lows. it didn't break the previous low made Aug 2019. Broke out an exceptionally high volume and has been consolidating its gains.
Fundamentals:
This exceptional rise in OPM has lifted the profits to the highest level at 474 cr (TTM) if these margins sustain and there is a steady rise in sales, it will fuel a great rise in earnings. The stock looks like its raring to go higher. However, I will let the price movement confirm this because earnings come later and price moves first
5 years of sales growth - (-4%)
5 years of profit growth - (-4%)
Margins at the highest level at 20%
Debt-free company
TTM earnings up 100%
Long IOl CP at 397I took a pilot position at 397.5 and I will be looking to add at minor corrections
Technicals: stock quickly recovered from recent COVID-19 crash lows. It held 2019 lows and surged higher very quickly to make new highs
Fundamentals:
This stock shows good sales and profit growth.
5 years of sales growth - 24%
5 years of profit growth - 135%
Margins at a record high of 32%, although this doesn't look sustainable
TTM earnings up 57%
Long Deepak Nitrite @485I took a pilot position at 485 and I will be looking to add at minor corrections or on the way upward (when the price shows more strength)
Technicals: stock quickly recovered from recent COVID-19 crash lows. It held 2019 lows and surged higher very quickly to make new highs
Fundamentals:
This stock shows good sales and profit growth.
3 years of sales growth - 25.3
3 years of profit growth - 40.4
Margins at a record high of 24, although this doesn't look sustainable.
TTM earnings up 251%. lots of headroom for the stock to move up plus with decent earnings growth, this can turn out to be a multibagger.
NOCIL testing upper resistance on daily basis(Possible Breakout)NOCIL is a specialty chemical company and is related to rubber manufacturing chemicals. With the auto sector starting to resume business, the demand for these chemicals by tire manufacturing companies with gain traction. Fundamentally it is a good stock.
Currently, it is trading in a zone and testing the upper resistance regularly as per the 4hourly chart.
In the last 3 trading sessions, the script has crossed its 50 and 100 days EMA
.
Volumes have also marginally increased in near term
It seems there is a probability of breakout and the stock reaching the levels of 98 in the near term.
The stock has good fundamentals (check on tickertape) as it meets all the investment checklist and available at lower valuation hence can be held for mid to long term for stable gains.
CNBC has recommended the stock for long aswell.
(Please note these are my personal views and for information purpose only. Invest at your own risk.)
UPL: Gearing for some upside ..After witnessing a sharp decline since May this year UPL has managed to stage a slow but steady revival . The daily charts reveal a steady trended action that is seen generating a demand at every pullback. The ascending trendline support suggests that the uptrend is intact and we could see more upside as value area resistance around 600 has been overcome. With the RSI also rebounding from the neutral zone one could expect that the bullish bias could persist and one should look to participate at current levels for an upside towards 645. One could also look at dips towards 590 as an additional / alternate levels to buy into. The stop for the trade would be below 580 at the time of initiation.
Idea sourced from NeoTrader
trade.chartadvise.com
TATA CHEM
Tata Chemicals gave good run nor in resistance zone.
The information is for educational purposes only and does not constitute an offer to sell now a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts is for personal, non-commercial, educational use and display.