PODDAR PIGMENTS | Huge volume breakout | 25% output expansionCMP- 407
SL- 299 (closing)
Target - Open
(Enter the stock near 360-320 by pyramiding on every dips)
25/7/21
Good stable fundament stock, almost debt free.
- Stock has made a HH, HL market structure, more clearly visible on daily charts
- Resistance was broken with huge VOL surge and made a decent weekly candle
- Above all moving average on D and excellent crossover on W and M
- Parameters positive
- Highest ever Volume on NSE with around 40% delivery
- High chances of retracement as stock has made a straight line move above resistance
ACCUMULATE THE STOCK NEAR 360-320 zone for better risk reward.
Chemicalsector
Himadri Speciality - Increased Volume on Daily ChartHimadri Speciality - Increased Volume on Daily Chart, crossed important huddle of 49.9 next huddle 54.5
Entry - above 54.5 (Can enter now to reduce Stop loss also but slightly risky)
Stop loss- 41.5 (Trail Stop 49.9 after 54.5 is crossed and sustained)
Trgt1 - 81
Trgt2 - 114
Duration - 1 year
All numbers are weekly based
Bussiness model : Co manufactures a wide range of carbon materials and chemicals. Its products include coal tar pitch, carbon black, specialty carbon black (SCB) Naphthalene, Advanced carbon material, SNF (Sulphonated Naphthalene Formaldehyde) and specialty oils.
They are planning to expand production of Lithium Titanate Oxide which will be used for electric vehicle Batteries.
It has transformed its portfolio from low value products to high valued products over the years for higher margins.
Mar 2020 and Jun 2020 has been bad Quarters for this Co due to Covid expect this Co has been performing consistently well.
Promoter holds 45.43% slightly below average.
Debt 596 crs can be cleared with 2 years profit, however Company is looking for expansion so Debt clearing won't happen soon.
Co is profitable from last 4 years since sales growing at good speed
Cashflow decent from last 6-7 years
Technically accumulation has happened on monthly charts from last 4 months and stock is ready to breakout from its Cup and Handle pattern
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Paushak Ltd. Positional/Long TermPaushak Ltd. is one of the India's largest phosgene based products manufacturer. Currently it is forming a falling wedge. A break above the wedge can be traded for a target of range 7330 to 7550.
Equitybulls.com states, "Paushak Limited has received approval to its application for amendment in Industrial License from the Department for Promotion of Industrial & Internal Trade, Ministry of Commerce & Industry vide its communication dated 3rd August, 2020 for expansion of licensed manufacturing capacity at its existing manufacturing facilities located at Panelav, Gujarat.
With this approval, the company has announced expansion of licensed manufacturing capacity for the product Phosgene from 4,800 MT per annum to 14,400 MT per annum and graded capacity for its other phosgene based derivatives."
I personally hold Paushak ltd.
Make sure to trade what happens and not what you expect :)
Note: Please do not follow my idea blindly, please analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)
A pattern you would love to trade | Early entry in IOLCPPossible good move ahead :) Trade with less risk and more returns
If crossed the upper trendline on small time frame and remains there till closing any day = Daily breakout = upside increases and u will lose nothing :)
Trail your SL if that happens :)
Tata Chemical- Bull run is not overTata Chemical is paused at 780 levels. If it breaks the resistance of 800 then a long term target can be placed at 1000 levels with a stop loss of 710 which also deemed to be strong support. We can even wait for the stock to perform a retest at support levels to buy it at a discounted price.
SWING TRADING ANALYSIS: Clariant Chemicals India (CLNINDIA)SWING TRADING ANALYSIS: Clariant Chemicals India (CLNINDIA)
LONG VIEW
SL: 315 ON CLOSING BASIS
EDUCATIONAL PURPOSE ONLY