GNFC By KRS ChartsDate: 20th June 2024
Time: 1:45 pm
WHY BULLISH ON GNFC ?
1. On Daily TF it clearly shows and Successfully Breakout W pattern or Double Bottom Pattern with Strong Volume Green Candle.
2. On Weekly TF C&H Chart Pattern is clearly visible once its breakout with big candle with Good Volume, Long term Target on GNFC will be ~1137 Rs.
3. To support both the above points 100 EMA is right underneath and Price has taken support from 100 EMA multiple times.
So, First Target as per W pattern will be 868 Rs. for short term investors while for Long Term Investors Target will be 1137 once it breaks out.
Thank You!!
Fertilizer
NFL : #Fertilizer StockI'm seeing promising setups in fertilizer stocks lately. Specifically, I'm keeping an eye on
#NFL. They both look ready for a strong move soon,
with bullish patterns and solid sector momentum pointing to potential gains.
Keep in Radar
Disclaimer : All information on this page is for
educationaland learning purpose only .
consult your financial advisor.
FACT-A multibagger stock bouncing from golden ratio!FACT has shown an amazing rally post breakout of 200 levels.
Stock has shown an healthy retracement upto 38.2% and now showing signs of reversal.
Risky traders can keep this in watchlist as stock is in mad bull run and can show quick moves.
Please like and follow if you love my analysis.
GSFC Currently ON only 8.25 PE Ratio..It is engaged in manufacturing of various fertilizers and industrial products like plastics & synthetic rubbers and man-made fibres.
Target- 300
focus On fertiliser Stocks
next breakout sector is fertiliser.
-Coromandel Inter
-Chambal Fert.
-Fertilizers & Chemicals Travancore Ltd
-GNFC
RCF Analysis - Don't miss this opportunityNSE:RCF
EDIT- 1st, 2nd, 3rd, 4th and 5th indicates attempts to break the trendline and not the date. The dates ( in MM/YYYY) are written below the attempt number.
Rashtriya Chemicals and Fertilizers Limited (RCF) manufactures and markets various kinds of fertilizers such as urea, bio-fertilizers, micro-nutrients, water soluble fertilizers, soil conditioners etc.
TTM EPS: 11.28
TTM PE: 8.39
Sector PE: 17.42
Book Value Per Share: 60.42
P/B: 1.57
Face Value: 10
Mkt Cap (Rs. Cr.): 5,218
Dividend Yield: 3.15
Some Positves:
Rising Net Cash Flow and Cash from Operating activity
Company with high TTM EPS Growth
Strong Annual EPS Growth
New 52 Week High
Effectively using its capital to generate profit - RoCE improving in last 2 years
Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
Efficient in managing Assets to generate Profits - ROA improving since last 2 year
Increasing Revenue every Quarter for the past 4 Quarters
Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
Annual Net Profits improving for last 2 years
Book Value per share Improving for last 2 years
Company with Zero Promoter Pledge
FII / FPI or Institutions increasing their shareholding
Stock gained more than 20% in one month
Strong Momentum: Price above short, medium and long term moving averages
Some Negatives:
Over the last 5 years, revenue has grown at a yearly rate of 0.23%, vs industry avg of 7.19%
Over the last 5 years, net income has grown at a yearly rate of 17.29%, vs industry avg of 31.88%
Over the last 5 years, market share decreased from 8.45% to 6.02%
If sanctions over Russia are withdrawn then it may have a negative impact on Indian fertilizer companies.
My Opinion: GoI is selling stake in RCF & NFL to reach Rs 23k crore disinvestment target. The company has double cash reserve than debt. Russia and Ukraine produce around 20-25% of global fertilizer production. The supply has taken hit and this presents a good opportunity for Indian companies. The volume indicates that the price will breakout the trendline this time. First target 100 above that 135-140 is very much possible in next 3 months.
NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
Deepak Fertilizers , Long TradeNSE:DEEPAKFERT
Good opportunity available at Deepak Fertilizer.
Buy above: 575++
Stop Loss: Below 505
Targets: 640/720/825/940/1050
Reasons to buy:
There was strong support between 510 and 550, tested repeatedly.
The 100-day moving average offers strong support above 575+.
Reasonable Risk to Reward Ratio.
Disclaimer:
Please note that this is a general idea and any trading should be done at your own risk.
Cup and Handle BreakoutCompany with 0 Debt , 1200cr Cash balance, has good MTM 1000cr+ profit in investments made, and even at lowest Operating profit levels the company can generate around 600cr Free cash flow
Target - 230 to 240
+ve triggers - China Urea Ban, Buyback/Dividend (Since cash bal is >1000cr)
lONG TERM INVESTMENT IDEA: FACT Fertilizers & Chemicals Travancore Ltd (FACT), incorporated in the year 1943, is the first large-scale fertilizer plant in India at Udyogamandal, Kochi, Kerala. The company is engaged in the manufacturing and selling of fertilizers, its by-products and Caprolactam. It is under the administrative control of the Department of Fertilizers, Ministry of Chemicals & Fertilizers, Government of India.
Market Cap ₹ 9,418 Cr.
Debt ₹ 1,830 Cr.
Pledged percentage 0.00 %
Debt preceding year ₹ 1,822 Cr.
Change in Prom Hold 0.00 %
Change in Prom Hold 3Yr 0.00 %
This is one of the best stock in fertilizer sector to hold for long term.
*FOR EDUCATIONAL PURPOSE ONLY*
Sumitomo Chemical - Symmetrical Triangle Breakout Soon 📊 Script: SUMICHEM (SUMITOMO CHEMICAL INDIA LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY MIDCAP
📊 Sector: Chemicals
📊 Industry: Fertilizers & Agrochemicals
Key highlights: 💡⚡
⚠️ Keep an eye on SUMICHEM .
⚠️ It is near at its resistance zone which is around 500.
⚠️ Script is going to give double breakout which is trendline breakout and Symmetrical Triangle Breakout as mention in chart.
⏱️ BUY ABOVE AROUND 500
⚠️ If its give breakout then one can go for swing trade.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
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.
GNFC will break 4+ Year Resistance at 500 and 550Rounding Bottom is getting completed. GNFC posted a spectacular set of results, outnumbering itself and all chemical players in the industry.
500 has been a resistance since Oct 2017, and All time high of 550 is within reach with the positive momentum.
Extremely bullish - Buy at CMP, for Target 1 @ 500, Target 2 @ 550 and rest new territory new rules. Stop loss at 5% below CMP at supportive trendline.