Price Making "W" on Monthly Time "Akshar Chemical"Key Highlights : 🔰
🔷 Script Name : AKSHAR CHEMICAL (India)
🔷 Script Symbol : NSE:AKSHARCHEM
🔶 Support Level : Price Trade Above All Moving Averages on Weekly Time 🔥
🔶 Volume : High Volume Spikes 💚
🔶 Rate Of Change 🔥
🔷 Entry : Near 200EMA High 👀
🔷 Stop Loss : Close Below 200EMA on Weekly Time 👀
🔷 Target : 🤔😊
🔶🔶 If You Get 100% Than 50% Exit & 50% Ride For Long Term 🔥
Disclaimer : This is NOT Investment Advice. This Post is Meant for Learning Purposes Only. Invest Your Capital at Your Own Risk.
Happy Learning. Cheers!!
Shyorawat Arun Singh ❤️
(@Shyorawat_ArunSingh)
Founder : Shyorawat Investing School
Chemicalstock
Symmetrical Triangle Pattern Breakout seen in Rossari BiotechHello Everyone, i have brought a stock which has given breakout of symmetrical triangle pattern and price is sustaining above the breakout price, stock name is Rossari Biotech Ltd, and it was started in 2003. They are among the largest manufacturers of textile specialty chemicals in India.
Their 3 main product categories are:-
- Home, personal care, and performance chemicals
- Textile specialty chemical
- Animal health and nutrition
The company has two R&D facilities , one at Silvassa manufacturing facility and a research lab at IIT Bombay.
We know chemical sector is not performing well from long back, but prices are suggesting in many chemical stocks that, we can see rally very soon. Well best time to enter in any sector or stock is only when there is fear in sector or market. So this can be right time to enter and accumulate as much as possible in down levels, we might never gonna to see these prices again. Stock is trading almost 50% discount from all time all time highs. If someone is thinking to take and hold for long term, then i think right choice dude.
Company Overview
Rossari Biotech is a Specialty-Chemicals manufacturer offering solutions for Home, Personal Care and Performance chemicals (HPPC), Textile specialty chemicals (TSC) and Animal Health and Nutrition (AHN). It offers a total of 4220+ products catering to an array of applications across FMCG, Home care, Industrial Cleaning, Personal Care, Textile, Performance Chemicals, Animal Health and Nutrition and Pet Care businesses.
Market Cap
₹ 4,467 Cr.
Current Price
₹ 809
High / Low
₹ 904 / 657
Stock P/E
34.2
Book Value
₹ 190
Dividend Yield
0.07 %
ROCE
18.3 %
ROE
13.3 %
Face Value
₹ 2.00
Industry PE
38.6
Debt
₹ 119 Cr.
EPS
₹ 23.7
Promoter holding
68.3 %
Intrinsic Value
₹ 590
Pledged percentage
0.00 %
EVEBITDA
17.7
Change in Prom Hold
-0.01 %
Profit Var 5Yrs
23.3 %
Sales growth 5Years
28.8 %
Return over 5years
%
Debt to equity
0.11
Net profit
₹ 131 Cr.
ROE 5Yr
16.0 %
Profit growth
22.1 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
SRF, Technical OutlookThe price is showing signs of reversal near its recent swing-low.
Also, the degree and nature of separation in both bands indicates a start of compression.
CMP - 2,265.55
R1 - 2,280.00
S1 - 2,182.00
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
TATA Chemicals taking support at TL for 3 Years.Tata Chemicals of course is a long term bet company and recently has seen some correction. It is to take in consideration that on weekly TF, this stock has taken many supports on the Trendline mentioned in the chart since Jan 2021.
Seeing the boom in chemical sector currently, the stock hasn't performed as much as it should have. Expecting a good up move in the stock subject to supported by market and relevant indices.
CMP: 963
T1 : 1016
T2 : 1150
T3 : ATH
Stay informed and stay invested.
Kindly note that I am not a SEBI registered analyst. Perform your own analysis before taking any trade.
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.
Confluence of reversal signs in GNFCGNFC has given a very strong weekly closing on Friday.600-610 was acting as a strong resistance and the stock has managed to close above it. A trendline breakout is also seen in the stock.
The chart is showing strong bullish trend after retesting the weekly demand zone of 500-520 followed by strong reversal from weekly support trendline.
Positional traders can buy the stock at CMP and add on dips till 580 with an SL of 530 DCB.
Targets are 730, 780, 900++.
Chemical stocks, have shown good bullish trend in past few days and GNFC can continue the rally even further.
Idea shared strictly for educational purposes.
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
BULLISH on Deepak Nitrite (Positional)NSE:DEEPAKNTR
According to my Analysis, Deepak Nitrite looks bullish for Positional trade i.e. from 1 to 6 months. The prices are trading above the Moving Averages which shows bullishness. The MACD indicator is bullish as the MACD line is above the Signal Line. The RSI indicator is above 50 levels which shows the strong momentum.
SL : 1948.20
Target 1 : 2456.40
Target 2 : 2625.80
Disclaimer : This is my views and analysis, it is only for educational purposes. It is not a recommendation, call or a tip.
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.
National Peroxide - Superb Rally To BeginAfter constantly making HLs stock is ready to make a HH.
Last weekly candle looks bullish and stock is ready for good upside movement.
Stock has risen from golden Fibo level of 61.8 and Thursday volume is higher than the average daily voume after a long time.
Intraday - Above 2300 for targtes of 2340, 2370 and 2410
SWing Above Day end close of 2300 for 2600, 2900 and 3250
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.