Chemicalsector
Archean Chemicals fundamentally strongCompany producing bromine and industrial salt with great fundamentals and cashflows. Chemical industry is still struggling. In recent concall, Management said global inventories are over and could expect the demand soon. They've increased the capacity as well. Management further said domestic demand is picking up. 1st target 700, 2nd target 815. Could be held for long term as well.
Disclosure: Holding
Atul flag breakout-DO NOT MISSAtul is one of the major stock of chemical sector which has been correcting since past many months.
We have seen a reversal in chemical stocks and similar reversal pattern is visible in Atul as well.
A clear flag breakout in weekly TF is visible. Confirmation is above 7600
Stock can even touch ATH if the rally continues for an year.
Keep this in watchlist.
Aether Industries Ltd | Momentum Swing IdeaAether Industries Ltd | Momentum Swing Idea
Incorporated in 2013, Aether Industries Limited is a manufacturer of specialty chemicals .
Financial : strong
Market Cap = 11,959 Cr. ROCE = 18.4 % ROE = 15.9 %
Debt to equity = 0.01 Promoter holding = 81.8 % Piotroski score = 4.00
Quick ratio = 4.36 Profit Var 3Yrs = 48.1 % Return on assets = 12.1 %
Profit Var 3Yrs = 48.1 % Sales growth 3Years = 29.2 %
Aether manufacturing specialty chemicals.
now it is in momentum stock . Technically very bullish.
as well as fundamentally also Strong chemical stock.
now lets what happen in coming weeks.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
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CLEANCLEAN SCIENCE stock is trying to hold above 1400 price level and it is expected to give breakout in some weeks. Price above 1450 can start its new journey and the company is DEBT FREE, Profit and reserves are getting better. Anyone who is planning to invest in LONG TERM based stocks can consider this one for your portfolio.
EPIRGRAL LTD / Meghmani Finechem LimitedEpigral is India's 4th largest manufacturer of Caustic Soda, Chlorine and Hydrogen and a leading manufacturer of Caustic Potash, Chloromethanes and Hydrogen Peroxide.
Epigral is strengthening its position in the specialty chemical segment by expanding CPVC Resin capacity to 75,000 TPA, setting up CPVC compound capacity of 35,000 TPA, entering into the Chlorotoluene & value chain and setting up R & D centre.
The company said it has launched first research and development centre at Ahmedabad spread over 14,374 square metres with an initial investment of Rs 30 crore.
PE is attractive at 18.17, lower than its sector PE ratio of 104.49.
Annual Revenue rose 41.24%, in the last year to Rs 2,196.38 Crores. Its sector's average revenue growth for the last fiscal year was 16.95%.
Annual Net Profit rose 39.76% in the last year to Rs 353.29 Crores. Its sector's average net profit growth for the last fiscal year was 4.91%.
Promoter Share Holding remains same at 71.38%.
Worth holding the stock for 2-3 Years !!!
PIIND : A good swing trade idea Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Broadening Pattern
📌 Symbol/Asset: PIIND
🔍 Description: Stock is around the support.
Stock has some news and stock is down 15% in just 2 days
We can see bounce from 3100-3300 because we have heiken ashi support also around the same level.
One can get simply 25-30% returns in just few weeks !!
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Analyzing Berger Paints: an opportunity to go LongBerger Paints appears to present a favorable opportunity for a long position. I've outlined the entry price, stop loss, and target levels for this stock within the chart.
Please keep in mind that these are my personal opinions, and I don't recommend you follow them as stock tips. I encourage you to study the chart and share your feedback so that we can collectively enhance our understanding as a community.
Will Laxmi Organic give you Laxmi in long term? Let's See...Good Morning Traders and Investors,
I hope you all will be doing good, i have brought an ideas on any stock after few days. Well you all guy's are familiar with this triangular pattern as i have explained many times before in other stocks. Here we have seem same pattern in Laxmi Organics, But after giving breakout price has not moved much for upside, and price was consolidating in a range only, but now we have seen Shooting star candlestick pattern in this on downside. So I am expecting moment in this for upside in coming few weeks.
Laxmi Organic Industries Limited was established in 1989 and is in the business of specialty chemicals. The Company primarily manufactures Ethyl Acetate, Acetic Acid and Diketene Derivative Products (DDP). DDP is a specialty chemical group, the technology and business of which has been acquired by the company from Clariant Chemicals India Limited.
The company’s business operations are carried in over 30 countries including 11 offices located in India.
Market Cap
₹ 7,847 Cr.
Current Price
₹ 285
High / Low
₹ 333 / 220
Stock P/E
79.7
Book Value
₹ 53.2
Dividend Yield
0.18 %
ROCE
11.5 %
ROE
9.18 %
Face Value
₹ 2.00
Debt
₹ 406 Cr.
EPS
₹ 3.71
PEG Ratio
7.68
Promoter holding
72.4 %
Intrinsic Value
₹ 95.8
Pledged percentage
0.00 %
EVEBITDA
34.5
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Breakout of an Ascending Triangle PatternSwing trade setup for 5 to 6%
Today we have a breakout of ascending triangle pattern and the price has entered the resistance zone. The breakout of 240 will open the levels of 255 which is a 6% move.
Hit the like button!! Show some energy!!
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Thanks
Er. Simranjit Singh Virdi
SPIC long term investmentMulti year breakout stock : SPIC 🚀
Stock has broken out of its resistance trendline connecting the highs during ipo of the stock in 1999 , pattern looks more of like a breakout retest in 12months time frame
Fundamentals of the stock are also good :
# Low debt co
# Stock trading at a very low PE ratio of 4.5
# Constant growth year on year , boosting EPS
# Promoter holding of 50%
# Excellant cash flow , CFO/PAT of 2.3
# Reserves and Assets increasing
👉 Overall the stock is both fundamentally and technically very strong , looking very good to me for a multi bagger returns in long term , will be buying the stock on every dip as long as its trading above 50rs , no targets in the stock , upside is completly open