Chemicalsector
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.
DARVAS BOX BREAKOUT NSE:INDIAGLYCO
INDIAGLYCO has beautifully broke out from a symmetrical triangle pattern in the month of June formed a DARVAS BOX consolidation for almost 88days.
Volume breakout is higher, indicators are turning bullish, yesterday it has formed a long bullish candle and hits a new 52w High. Breaking out from this consolidation box can give another 20% returns with some consolidation.
Things to remember, price can retrace back to support level or it can form a Doji candle before moving up.
Nifty is at all time high level, any furious correction can turn the momentum in this stock as bearish.
Clean Science and Technology Ltd - The best in Chemical IndustryClean Science and Technology Ltd. was incorporated in the year 2003 as a family-owned business enterprise. Adhering closely to our vision, they work on developing eco-friendly and sustainable manufacturing processes of specialty and fine chemicals, exporting to many countries across the world. With the primary aim of devising novel and clean processes for its products, they work extensively in developing better catalyst systems that are selective and cost-effective.
They are proud of their manufacturing facilities in Kurkumbh, MIDC (Maharashtra, India) that are automated to maintain high levels of accuracy and efficiency. Their Quality Control department is equipped with all the required testing facilities to seamlessly analyze incoming, in-process, and finished products.
Clean Science and Technology Ltd. has customers from Japan to the USA, making it a truly global organization.
FUNDAMENTALS:
> It is a newly listed Mid Cap company with a market cap of Rs.21,294 Cr.
> The ROCE and ROE is at 60% and 45% respectively which is marvelous, very few companies have this type of returns on their investments.
> Price to Book Value ratio is 39 times which makes it costly in terms of it’s financials.
> Stock P/E is at just 107 which makes the valuation very costly as compared to the industry P/E of just 27.
> OPM of the company is continuously growing and it is at 51% as per Mar 21 Balance Sheet. Again, the best in industry.
> Robust Topline and Bottomline, Topline has grown to almost 4 times at the same time bottom line has grown to almost 6 times in last 5 years. Tremendous growth opportunity is there with the company.
> Debts: This is a DEBT FREE company.
> Reserves: It has grown more than 5 times to Rs.529 Cr as per Mar 21 Balance Sheet.
> Promoters holding is at huge 94.65%, only 5.35% stocks are available in the market for retail as well as institutional investors.
TECHNICALS:
> After listing at 1700 levels in mid July 21 the stock has taken support at 1400 levels, it continuously making new high since then.
> On the chart stock is continuously in UPTREND since Aug 21.
Let’s look at some interesting facts about the company:
> The company have very strong board of directors.
> The company’s key material is Performance Products, these are the products that make a product perform. These are low volume & high margin products.
> The company have not just taken the market share from China but also it is exporting to China now a days. We all know it’s not at all easy to take market share from China.
> The company is also looking forward for capacity expansion aggressively.
PRODUCTS
a) MEHQ – Global Market size is 12,500 MT. The company is largest producer in the world as well as in India.
b) BHA - Global Market size is 9,000 MT. The company is largest producer in the world as well as in India.
c) GUAIACOL – Global Market size is 60,000 MT. The company is third largest producer in the world and second largest producer in India.
d) ANISOLE – Global Market size is 34,000 MT. The company is largest producer in the world as well as in India.
e) 4-MAP – Global Market size is 7,200 MT. The company is largest producer in the world as well as in India.
f) DCC - Global Market size is 7,000 MT. The company is amongst largest producer in the world and largest in India.
g) L-ASCORBYL - Global Market size is 9,000 MT. The company is second largest producer in the world as well as in India.
> Key Customers: Vinati Organics Lts, Gennex Laboratories Ltd, SRF Ltd, Nutriad and Bayer.
Though the PE and Price to Book ratios make it look costly but the company have huge potential to grow far from here.
Fresh Buy – On CMP i.e. Rs.2018
Old Buy – Hold
Target – Hold for long term gain of at least 3 times.
Risk Management Tip: Never invest more than 5% of your capital in any single stock.
Your likes and comments motivate us to bring more profitable studies like this.
Happy Investing!
ShareMktSchool
FINOTEX CHEMICAL PRICE ACTION ANALYSIS AND TARGETSFCL gave a multi-year breakout, buying on the dip is advised up to 106.
106 level is an important support level to hold.
The targets are mentioned on the chart. The XABCD bearish shark pattern gives the target of 218.
Stop-loss as per your risk appetite.
Happy trading :)
This is just for educational purposes.
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.
NAVIN FLUORINE INT. PRICE ACTION ANALYSIS. TARGETS FOR LONGSToday Navin Flourine broke out its previous all-time high with high volumes. Wait for the pullback if the price starts falling, can go long above 3890 and place stop loss at 3890.
If the price sustains above 4015 then go long and targets are given by the XABCD bearish butterfly pattern's 1.27,1.414 and 1.618 extensions.
Place the stop loss below 3890.
Happy trading :)
This is just for educational purposes. Trade responsibly.
Camlinefine scienceCammlineFine science is following a channel on daily charts and showing a reversal for upmove towards higher levels.
Also it is respecting 200 DEMA and fibonacci retracement also suggests a buy at golden ratio
Buy it in the range of 184-185
Target will be 215-220
SL 179
Disclaimer: This view is just for educational purpose and always initiate trade by taking advice of your personal financial advisor.
Zuari Global Bullish BiasStock is poised for a upmove
Stop Loss 140s levels
Target >178s levels
Stock is reversing from Fib .618 levels an important zone with a hammer candle confirmation followed by Doji and gave a strong closing