Short Term Trading Opportunity in SPIC for > 10% upsideHi,
NSE:SPIC has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Fertilisers
GET YOUR FERTILISER NOW!Om Birla has been successfully elected as the Speaker of Lok Sabha at the convenience of BJP. Session is set to begin. Finance Minister will be ready with her Budget anytime now. And we all know what happens when Budget comes and considering the performance of BJP in UP, Harayana and Rajasthan, farmers will get far more than what we expect, if not the farmers, these fertiliser companies will. Be ready to use these fertilisers to boost your portfolios. Majority of them have already move and showed their potential, they are all re-testing and reversing, waiting for the good news to make the new highs. Not just these 6 here but many others are also there. Keep the whole sector on radar.
RCF - Multiyear breakout - Huge potentialThe analysis is done on Weekly TF ad well as on Monthly time frame for bigger picture. The price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. This is a continuation breakout chart.
Pls check the monthly chart here -
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Chambal Fertilisers & Chemicals Ltd : Swing Trade, Target 350+Chambal Fertilisers & Chemicals Ltd is engaged in production of Urea from its own manufacturing plants. It also markets/ deals in other fertilisers and agri-inputs. It also has a Joint Venture for manufacture of Phospohric Acid in Morocco.
Market Cap
₹ 12,201 Cr.
Current Price
₹ 293
High / Low
₹ 516 / 261
Stock P/E
10.3
Book Value
₹ 163
Dividend Yield
2.57 %
ROCE
23.4 %
ROE
26.4 %
Face Value
₹ 10.0
Debt
₹ 6,934 Cr.
EPS
₹ 28.4
PEG Ratio
0.29
Promoter holding
60.6 %
Intrinsic Value
₹ 545
Pledged percentage
25.0 %
EVEBITDA
8.18
Company is expected to give good quarter
Company has delivered good profit growth of 35.5% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 29.1%
Company has been maintaining a healthy dividend payout of 17.5%
Debtor days have improved from 83.0 to 48.9 days.
Well if anyone wants to take swing trade can go with given level on charts and this is good stock to invest for long term also. So trade accordingly.
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Price of this fertilizer player is going off the charts!A little late in posting this but the risk to reward is still favorable!
NSE:RCF is an India-based fertilizer and chemical manufacturing company.
The Company manufactures Urea, Complex Fertilizers, Bio-fertilizers, Micro-nutrients, water soluble fertilizers, soil conditioners and a range of Industrial Chemicals.
The Company operates through the segments, including Fertilizers, Industrial Chemicals and Trading.
Fertilizers segment engaged in production and supply of various grades of Fertilizers for agricultural use.
Industrial Chemicals segment engaged in production of various chemicals and supply to diverse Industries.
Trading segment engaged in fertilizers imported / locally sourced and marketed for agricultural use.
Besides fertilizer products, the Company also produces a range of industrial chemicals that are important for the manufacture of dyes, solvents, leather, pharmaceuticals and a host of other industrial products.
RCF: Breaking out with strong sectoral movementRashtriya Chemicals & Fertilizers Ltd
PC-B1=PC-B2
#WondersOfPC
Technicals:
• Strongly Breakout Bigger channel, PC-A at 104
• Crossing strongly above recent Resistance of R1 & R2
• Taller green towers in volume
• RSI is in Bullish Zone
• Relative Strength is in green
• Strong upside move in Fertilizer Sector
Levels for position:
Entry: 110-115 levels
ST Target: 1st 130, then 150
SL on closure basis: 104.45
RCF Breaking out of multiyear resistance#RCF
RCF Looks too strong on Weekly time frame.
It is approaching to break strong TL resistance since 2010.
On weekly time frame it has come out of strong supply zone after a year.
Risk takers can make and entry at current levels and add till 88 levels. keeping sl of 78 on WCB.
Safe ones can wait for clear breakout and then make entry.
#vr
RCF- Nearing Multiyear Breakout ZoneRashtriya Chemicals & Fertilizers is a public sector undertaking (PSU) with 75% stake owned by GOI. Company is engaged in manufacturing and marketing of fertilizers and industrial chemicals.
Company is trading below historical 10 year Avg PE while the sales have almost doubled alongwith margins.
Stock has been a laggard and has not created any wealth for its shareholders from past 10 years, however its currently trading at a interesting zone where above resistance zone this stock will be looked like a PE Rerating Candidate and analysts and fundmanangers in order to extract value in this overheated markets can look at RCF as a potential candidate. So this is a stock to keep on our radar and watchout for resistance zones. Breakout of this multiyear resistance zone it can become a potential play for rerating.
COROMANDEL INTEL LONG-TERM SWING TRADE!Hi everyone, Coromandel intel long term swing trade consider buy above: 744. targets: 834/922/950, stoploss: 756.
LOGIC BEHIND TRADE: Stock has formed (w) pattern & given breakout of resistance buying on pull back will make RR good (targets identified from harmonic xabcd pattern level 1.272/2.414) stoploss is taken previous swing low. Stock is considerable for short,mid, and long term trade! NSE:COROMANDEL
Stock Analysis of GSFCPrice - 114 Dt. - 12.05.2021
The stock closed right above the support line. GSFC served a nice 20% profit in the past 5 trading sessions. We are expecting stock can give a return in the next few trading sessions. We are expecting the stock to go up to 131.90 in few days. Stock may consolidate near the support line for 2-3 trading sessions.
Stock Analysis of GNFCPrice - 400 Dt. - 12.05.2021
Like all other Fertiliser stocks, GNFC also witnessed the profit booking today after rising more than 7% on 11th May. We are expecting GNFC to move higher from the next trading session. The stock has successfully doubled the money of the investor who invested in Feb. Still after this the stock can go up to 550.
We are expecting the stock to grow more than 10% in just a few trading days.
RSI is in the overbought zone but the stock has the energy to move up.