Momentum Swing idea| Fairchem Organics LtdFairchem Organics Ltd
Fairchem Organics Limited was established in 2019, wherein Fairchem Speciality Limited (FSL) transferred the businesses of Oleo chemicals and nutraceuticals as per the scheme of demerger. engaged in manufacturing of specialty chemicals like dimer acid, linoleic acid, mixed tocopherol concentrate and sterols concentrate, which find application in various industries like nutraceuticals, paints, printing ink, detergents, adhesives, etc.
Financial:strong
Market Cap= ₹ 1,825 Cr. Stock P/E = 45.0
ROCE = 21.5 % ROE = 17.7 % Debt to equity = 0.13
Promoter holding = 58.9 % Quick ratio = 1.30 Current ratio =2.71
Profit Var 3Yrs = 7.59 % Sales growth 3Years = 28.4 % Return on assets = 13.1 %
This stock is now in high momentum RSI : 57
since long time consolidation finally stock seen upward move and pharma sector is also in favor.
we can see high volume with price.
Company has a good return on equity track record
Company has been maintaining a healthy dividend payout of 19.4%
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
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Fairchemorganics
FAIRCHEMOR - watchout for weekly close above 1400 NSE:FAIRCHEMOR
cmp 1386
watchout for weekly close above 1400
should do well above 1400 in coming months
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
FAIRCHEMOR Analysis(Rounded Bottom)!NSE:FAIRCHEMOR Analysis!
FAIRCHEMOR Analysis on Daily Timeframe!
Rounded Bottom Pattern Formation(Rare Pattern) in FAIRCHEMOR!
Rounded Bottom Pattern with RSI and Volume Analysis!
FAIRCHEMOR has made ROUNDED BOTTOM PATTERN on a Daily timeframe. It was in a Downtrend before. It has made a bottom and reversed with Rounded Bottom Pattern. RSI is also in Trending upwards and taking support on Support trendline. If we see volume at the bottom, it diminished at the bottom but during this price was trading within a range. We can expect further upmove in FAIRCHEMOR if the daily candle breaks and closes above 1365.15.
There has been a gradual shift from a downtrend to an uptrend; there may be a sharp rally ahead. The Rounded Bottom represents a slow and gradual reversal of the trend from down to up. We can expect the Turnaround in FAIRCHEMOR .
Thank You!
Entry = Above 1365.15 but candle needs to be closed above it.
Stop Loss = Below 1140
Targets = 1) 1693.25 2) 1904.80 3) 2082.50
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
Fairchem Organics Limited - Keep an Eye 📊 Script: FAIRCHEMOR (FAIRCHEM ORGANICS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: N/A
📊 Sector: Chemicals
📊 Industry: Specialty Chemicals
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 Crossover in MACD coming soon.
📈 Double Moving Averages is giving crossover.
📈 Volume is increasing along with price as highlighted in chart.
📈 Script is trading at its resistance level which is 2136, if script is breaking its resistance level it may give rally of 6% around 2274 level.
📈 Current RSI is around 72.
📈 One can go for Swing Trade.
BUY ABOVE 2136
⏱️ C.M.P 📑💰- 2136
🟢 Target 🎯🏆 - 2274
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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FAIRCHEMOR - Ichimoku Bullish Breakout Stock Name - Fairchem Organics Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 2167
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