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Ayurvedic Balm making stock has given Triangle pattern BreakoutHello everyone, i hope you all will be doing good in your life and your trading as well. I have brought a stock which has given breakout of Triangle pattern on weekly time frame, price is sustaining above 50 EMA since 3 weeks, MACD Has also given bullish crossover. There is higher probability we can see upside momentum in near term. Good thing about this stock is this is still trading at discount price, earlier it was trading almost at 50% discount, but recently it has given some upside momentum, still it's on discount around 40%. About company:- AHCL has been manufacturing ayurvedic balm for pain management since 1893, and is currently managed by the third-generation of promoters. The company is more than 120 years old and is into OTC products in the segments of pain management, women's hygiene, and packaged fruit juice drink. KEY POINTS High Market Share in Modern Trade Amrutanjan has maintained the No. 1 rank in Modern Trade in Head Category with the volume market share of 41.1%* in CY19. Product Portfolio The Co. offers a wide range of products in categories like pain management, congestion management, women’s hygiene, beverages, etc. Revenue Mix FY22 OTC Products - 92% Beverages - 8% Geographical Split FY22 Domestic - 98% Export - 2% Manufacturing Capabilities The Co. has 3 manufacturing units: 2 for its OTC products and 1 for beverages. It has a production capacity of 1,600 MT in the OTC manufacturing units. It is in the process of upgrading its beverage plant with state-of-the-art machinery. Entry into Oral Care Segment The Co. entered the oral care segment with Stop Pain Dental Gel to offer instant relief from tooth pain and swollen gums. Launch of Comfy Sanitary Napkins Amrutanjan entered the women's hygiene segment in FY14, and has scaled it up to a Rs. 50 cr - Rs. 100 Cr business in FY22. Distribution Network AHCL’s pain management products are available in ~12 lakh outlets across the country as of Q4 FY22. Comfy’s distribution has reached 3.5 lakh outlets. The Co. has invested in ‘Project M5K’ with the key objective to onboard 5,000 distributors, super stockists, and sub stockists. In FY22, the Company added around 150 super stockists and 1,200 sub-stockists to reach towns/ villages with fewer populations. Strategic Focus The Co. continues to focus on expanding distribution, enhancing global footprint, growing its E-Commerce vertical, and controlling costs. Market Cap ₹ 1,990 Cr. Current Price ₹ 681 High / Low ₹ 775 / 553 Stock P/E 45.2 Book Value ₹ 89.6 Dividend Yield 0.67 % ROCE 19.3 % ROE 14.3 % Face Value ₹ 1.00 Industry PE 31.9 Debt ₹ 0.66 Cr. EPS ₹ 15.1 Promoter holding 50.6 % Intrinsic Value ₹ 337 Pledged percentage 0.00 % EVEBITDA 30.0 Change in Prom Hold 0.00 % Profit Var 5Yrs 16.2 % Sales growth 5Years 11.5 % Return over 5years 16.4 % Debt to equity 0.00 Net profit ₹ 44.0 Cr. ROE 5Yr 21.9 % Profit growth 5.16 % 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.
Editors' picks
NSE:AMRUTANJANLong
by TraderRahulPal
2
Jamna Auto Industries: Breakout of the Year 🚀Greetings traders! 👋 Today, I'm excited to share my analysis on Jamna Auto Industries #JAMNAAUTO has broken its previous high with significant volume, indicating a potential breakout. This breakout with volume setup suggests strong momentum and presents a compelling swing and positional trading opportunity. Our analysis includes thorough volume analysis, multiple timeframe analysis, and momentum indicator support, pointing towards a bullish trend continuation. Don't miss out on this breakout opportunity in Jamna Auto Industries! - Remember to conduct your own analysis and implement proper risk management strategies. Thanks!
Editors' picks
NSE:JAMNAAUTOLong
by Uday_Mandal
5
Havells ATH break 2x possible?Havells made strong marubozu on weekly scale and looks ready for next move. Will look for entry points on pullbacks with stop usually in 6-7% or worst 10% at 1413 below which must exit. Don't trade in FnO based on this analysis it can go wrong DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Seek help of your financial advisor before investing/trading. Investment Warnings: We would like to draw your attention to the following important investment warnings. -Investment is subject to market risks. -The value of shares and investments and the income derived from them can go down as well as up. -Investors may not get back the amount they invested - losing one's shirt is a real risk. -Past performance is not a guide to future performance. -I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
Editors' picks
NSE:HAVELLSLong
by Niftydirection
1
Breakout of The Year Tata Steel LimitedHi friends sharing a view on Tata steel where i observed a horizontal trendline breakout of ascending triangle on weekly timeframe and it seems a good opportunity to go long in this stock where Tata steel relentless climbing continues as it achieves a milestone with a weekly breakout to an all time high and bulls rejoice as price defies the expectations of bears and scaling new heights with this significant breakout of 2.5 years old resistance. So now we will talk about technical points which i observed as we can see price is moving in ascending channel since a long time where first took resistance from upper trendline of resistance in 2017 and after taken same resistance from that trendline in the year of 2021 but this time was way higher from previous top and now price breached that top of which it made in 2021 where it got rejected from rising trendline, And in this duration price formed an ascending triangle pattern after the previous all time high and the swing bottom which it made after that all time high. Used Super trend indicator with default settings for more confirmations of this breakout which provided by Trading View and for this thank you very much for them. Target Upside-: So mates we can see that once again price will touch that upper trendline after this breakout which will be near about to 200 to 205 levels, One pattern based target identified too in which i measured triangle height which is nearly about 75% so we can see a more 75% upside from the breakout levels. Support-: So now 138 levels seems a good support area where two big swing rejections are there this time can work as support on weekly closing basis. Breakout Retest-: Well a retest is a good confirmation of breakout and often gives sustainability and strength to breakout so for this idea 148-145 i will consider as a breakout retest zone friends and personally breakout retest entries are my favorite strategy and for this trade i would like to the same. This publication is meant for only learning purpose, it is not any kind of trading advice. Best Regards- Amit (Do boost my publication if you really like it mates) “Most traders take a good system and destroy it by trying to make it into a perfect system.” - Robert Prechter
Editors' picks
NSE:TATASTEELLong
by AMIT-RAJAN
41
Only one indicator is enough to trade.Yes. ! Super trend. If we know how and where to use this indicator, you are sure about getting very good trade. It ensures 1. Low risk 2. High returns and at times real big trend So how to use it? 1. Prefer larger time frame to avoid noise. I use weekly. 2. Once super trend is green wait for pullback towards super-trend. 3. When supertrend acts as support/resistance and price reverses from nr super trend make entry. (I would wait for break of earlier week high nr super trend) 4. SL is close below super trend. (weekly close for weekly chart) 5. Try to exit far from super-trend to book profit. (Target around 15% possible on weekly) Opposite is true for shorting in down trend....! All these charts are from Nifty50 stocks Note: I am re-publishing this post as earlier post was on Nestleindia which got split and chart is not getting updated.
Editors' picks
NSE:MARUTIEducation
by yndesai
8
Bank Nifty (Neowave Update)NSE:BANKNIFTY I hope you are enjoying my forecast, if you love the content than kindly like and share it with your friends. Also keep following us for more neowave trading ideas. Thank you _____________________________________________ Degree full forms- L1 stand for Long term wave 1 and so on M1 stand for Medium term wave 1 and so on S1 stand for short term wave 1 and so on _____________________________________________ Key Points- Stoploss- 44780 This needs to break for the confirmation of downside. Support level- 45661 Use this as a stoploss for buying position Target1 - 47200, Target-2 48800 ______________________________________________ Probablities- # we are in up cycles now, which is in sync with SC series. So we will see bulllish ((i)) , ((ii)) and so on count. #There is always comes a word "but" which says follow risk managment. But Scenerios Incase 1 support level is hit, Than stoploss also hit mean cycles is change. Incase 2 if support level is hit and stoploss is not, than SC4 is still going changes of case 1 is more in case of breaking of support level. Thank You ______________________________________________ Medium Term Forecast ______________________________________________
Editors' picks
NSE:BANKNIFTY
by Neowave-forecast
13
Havells India LtdHavells India Limited is a leading Fast Moving Electrical Goods (FMEG) Company and a major power distribution equipment manufacturer with a strong global presence. The company owns and operates 5 brands i.e. Havells, Crabtree, Lloyd, Standard and REO functioning in different product segments. Fundamentally very strong company. Divedend giving Stock. Promoter holding is good and no promoter pledged. Good ROCE & ROE. Debt is less than Reserves. Darvas Box is marked as Skyblue shaded rectangle area. Price consolidated in this darvas Box for 2 to 3 Years. Darvas Box upper Resistance Breakout along with Huge volume. Breakout trade above Green Horizontal line. Target is marked as red horizontal line. Stoploss is marked as orange horizontal line. Price already bounced from 100 EMA on Weekly chart. all Price bounce from 100 EMA on weekly chart are marked with Stars. Rest all levels are marked on the chart. Breakout trade:- Buy above 1500 Stoploss 1400 Target 1775 - 2500 This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
Editors' picks
NSE:HAVELLSLong
by MasterTrader1949X
9
Bhageria : VCP Breakout#Bhageria #VCPbreakout #momentumtrade #swingtrade Bhageria Industries : VCP breakout >> bottomed out stock >> Breakout with Volume >> Good Strength & volumes >> Low Risk High Reward Trade Swing traders ca lock profit at 10% and keep trailing Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Editors' picks
NSE:BHAGERIALong
by moneyfesttrading
6
BANKNIFTY : Expected levels of inflectionHere are the three levels or points of inflection I'm monitoring for potential entry opportunities in BANKBEES ETF. I will assess the macro and microeconomic factors that could contribute to a price decline towards these levels before considering an entry. Feel free to share your thoughts and analysis under this post. Previous posts regarding position and analysis on BANKBEES are attached underneath. Do check them out too.
Editors' picks
NSE:BANKNIFTY
by Sniper-Traders
9
BFUTILITIE Breakout With Volume Setup 🚀Hey traders! 👋 Today, I'm sharing my analysis on BFUTILITIE, which is showing a breakout setup with strong volume. Here's a breakdown of the setup: 📈 Setup: Breakout With Volume 🔍 Analysis: I've conducted a thorough analysis on multiple timeframes, confirming the breakout setup. 📊 Indicator Support: Momentum indicators are showing support for the bullish momentum. 🔍 Keyword: Good volume, multiple timeframe analysis done, momentum indicator support, etc. Keep an eye on BFUTILITIE for potential upside momentum! Remember to conduct your own analysis and manage risk accordingly. #BFUTILITIE #BreakoutSetup #VolumeAnalysis #TechnicalAnalysis #TradingView #StockMarket 🚀
Editors' picks
NSE:BFUTILITIELong
by Uday_Mandal
6