GSFC | Trendline + Resistance BO | Double Bottom For Education Purpose only!!!!
✅GSFC is a key player in fertilizers and industrial chemicals, but recent financials suggest challenges in growth and efficiency. Suitable for risk-averse investors seeking dividends, but requires deeper analysis for growth prospects.
⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
⚠️Buy on most timeframes, with positive indicators supporting upward movement
⚡️Strong "buy" signal from exponential and simple moving averages over medium and long durations
🎯Stock is in an uptrend with bullish signals from longer-term moving averages (50-day and 200-day moving averages)
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💡✍️Technical Analysis:-
✅Trendline BO
✅Resistance BO
✅Range BO
✅Strong Demand Zone
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Fertilizerstocks
Madras Fertilizer Limited | Channel Pattern | Trendline BO | ⭕️ Price Action Analysis Alert !!!⭕️
⚡️Equity Trading Opportunity💡
FOR EDUCATION PURPOSE ONLY!!!
✅Company Overview:-
Established in 1966, MFL operates in two segments: Fertilizers and Other Activities. Its product portfolio includes ammonia, urea, complex fertilizers, bio-fertilizers, organic fertilizers, and neem-based pesticides. The company markets its products through a network of dealers, cooperative marketing federations, agro-industries corporations, and retail outlets.
✅Fundamental Analysis:-
1️⃣Industry: Fertilizers and agrochemicals (VIJAY brand).
2️⃣Revenue: ₹758.48 crore (-1.26% YoY, FY24).
3️⃣Profit: ₹78.7 crore; Net Margin: 3.1%.
4️⃣ROE: Negative for three consecutive years.
5️⃣Assets: ₹2,007.49 crore; Liabilities: ₹2,197.21 crore (negative equity: ₹189.72 crore).
6️⃣Shareholding: Promoters 85.27% (no pledge); Public 14.73%.
7️⃣Stock: 52-week high ₹134, low ₹75.45; volatile performance.
8️⃣Concerns: Declining sales (-34.34% FY24) and financial instability.
9️⃣Outlook: High promoter confidence, but financial risks persist.
✅Technical Analysis
📍ATH 134
📍Strong Support ₹88, 78
📍Trendline BO
📍Volume Accumulation zone
📍Rising W Chart Pattern
📍Supporting Channel Pattern
📍Strong Demand Zone
📍100 Day EMA positive long-term trend
🎯Positive trend backed by financial strength but watch for market volatility.
✅Recent Financial Performance:
📌Q2 FY2024-25: Standalone net sales of ₹532.42 crore, a 38.2% increase year-over-year.
📌October 18, 2024: Analysts identified MFL among five fertilizer stocks suited for medium- to long-term investors.
Conclusion:
Madras Fertilizers Limited has faced financial challenges, including declining sales and negative ROE. The company's high promoter holding with no pledged shares is a positive indicator. Potential investors should consider these factors and consult financial advisors before making investment decisions.
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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!!