Dynamic cables Triangle Breakout RoaringTriangle pattern breakout. After hitting T2 1131.85, Will head to 1391.60 which is 261.8% Fib level
DYCL
DYNAMIC CABLES LTDDCL caters to all major players in the power segment with top 10 customers contributing 60-65% of the revenue.
Dynamic Cables Ltd. is a manufacturer of power infra cables that includes LT, HT, EHVC, Power control & instrumentation cables, flexible & industrial cables, solar cables and railway signaling cables. It supplies cables to Government Discom, Private Distribution companies, Private EPC contractors, industrial and Export clients. Co. has 3 manufacturing plants situated at Jaipur and Reengus. Business operations are managed through a corporate office in Jaipur and 5 regional sales offices across India.
The Co. supplies its products in 40+ countries. Some of the export countries are Afghanistan, Iraq, Jordan, Kenya, Egypt, USA, etc
The Co. supplies cables to government distribution companies (discoms), private discoms, private EPC contractors, and industrial and export clients. It has a wide clientele base that includes domestic clients such as Delhi Metro, BHEL, OPTCL, BSES, Tata Power, Godrej, L&T, Hitachi Energy, Adani, etc. Its international clientele comprises Kenya Power, Senelec, ZESCO, etc.
Cables next rallyIndustry is experiencing robust demand environment and Polycab is well-positioned to capitalize on this favourable market dynamics.
India Ratings has improved the outlook on Polycab's credit rating to “positive” from the earlier “on watch with negative implication”
Polycab's in the process of calibrating new mid-term guidance and will be releasing the new guidance during the course of this financial year
RDSS Govt scheme will give good orderbook
Polycab working on 4 areas
Improving our reach
Product development
Brand positioning
Influencer management
Every quarter, Polycab adding new geography to supply its inventory
Working on 1000 to 1100cr capex to cater increased demand in next few years. 280Cr capex already done.
Capacity utilization in Q1 70-75%
In power transmission distribution sector, component of cable supply is high than other sectors. Cables 75% and wires 25% contribution.
Wire contribution would increase in upcoming quarters between 4 to 8 as real estate projects are in progress.
Framed index with Kei, Polycab, RRkabel, Fincables. Fib target is double of current. Target 29987.45 of this index.
Demand in cablesInfrastructure, Railways, Power all these sectors/Industries are bullish and have demand. Cables top player polycab has informed there will be enough demand that everyone will get a good pie in cables industry. Among cables, fundamentals of Dynamic cables is good and also making cup & handle pattern. This company too has huge potential for growth.
DYCL, Cup n Handle Despite volatility because of election results, structure still intact.
-Posted good results too
-green vol > red vol
DYCL - Ichimoku Breakout📈 Stock Name - Dynamic Cables Ltd
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 523.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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DYCLDYCL:- Rounding bottom pattern is formed, if sustain at 225.50 level then you can buy some plans, it can also be a retesting, if cross 248 level you can add more quantity
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Dynamic Cables LimitedDYCL:- Head and shoulder pattern is made and that too with good volumes. Keep your eye on it.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
