FIEM INDUSTRIESFiem Industries Ltd was originally incorporated in India as Rahul Auto Private Limited on February 6, 1989, in New Delhi and was founded by Mr. J.K. Jain. It is engaged in the business manufacturing and supply of auto components like automotive lighting.
Co. enjoys a significant market share for supply of automotive lighting & signaling equipment and rearview mirrors to Two-wheeler and Four-wheeler OEMs
Technically, I see an Inverted Head and Shoulder pattern.
FIEMIND
India's Leading Lighting Components maker stock has gvn BreakoutHello everyone, i hope you all will be doing good in your trading and your life as well. I have brought another stock which has given small rectangle pattern breakout on daily timeframe, breakout is supported by good daily volume creation on daily chart. Good thing we just found early so we can take entry on right time. Well company is really good with good management track record. Co. enjoys a significant market share for supply of automotive lighting & signaling equipment and rearview mirrors to Two-wheeler and Four-wheeler OEMs. In FY19, they had 27-30% market share of the total 2 Wheeler headlamp market in India, which increased to 30%+ in FY22.
Technicals:-
stock is trading above 200-DEMA.
stock has given bullish crossover in MACD and RSI indicator.
stock has given breakout of Triangle pattern with good volume.
Everything suggesting a bullish momentum in this stock.
NOTE:- I have not put MACD & RSI indicators on chart, but i have done my analysis on these written indicators above.
Market Cap
₹ 3,424 Cr.
Current Price
₹ 1,301
High / Low
₹ 1,314 / 822
Stock P/E
20.7
Book Value
₹ 337
Dividend Yield
1.54 %
ROCE
26.7 %
ROE
20.1 %
Face Value
₹ 10.0
Industry PE
30.4
Debt
₹ 23.1 Cr.
EPS
₹ 63.0
Promoter holding
66.6 %
Intrinsic Value
₹ 892
Pledged percentage
0.00 %
EVEBITDA
11.4
Change in Prom Hold
0.00 %
Profit Var 5Yrs
24.4 %
Sales growth 5Years
6.96 %
Return over 5years
41.5 %
Debt to equity
0.03
Net profit
₹ 166 Cr.
ROE 5Yr
16.5 %
Profit growth
18.6 %
Disclaimer: - Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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FIEMIND | Multiyear Breakout📊 DETAILS
Sector: Auto Ancillaries - Head lamps & lights
Mkt Cap: 2,783 cr
Fiem Industries Ltd was originally incorporated in India as Rahul Auto Private Limited on February 6, 1989, in New Delhi and was founded by Mr. J.K. Jain. It is engaged in the business manufacturing and supply of auto components like automotive lighting.
TTM PE : 18.73 (Average PE)
Sector PE : 25.62
Beta : 1.24
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
4.38% away from 52 week high
Outperformer - FIEM Industries up by 14.8% v/s NIFTY 50 up by 2.7% in last 1 month
📈 FINANCIALS
Piotroski Score of 8/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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Fiem Industries - Long Setup, Move is ON...#FIEMIND trading above Resistance of 2317
Next Resistance is at 3624
Support is at 1510
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
FIEM INDUSTRIESThe co. enjoys a significant market share for the supply of automotive lighting & signaling equipment and rearview mirrors to Two-wheeler and Four-wheeler OEMs. It has diversified its product portfolio by venturing into LED Luminaires for Indoor and Outdoor applications and Integrated Passenger Information Systems with LED Display. It is a sole Supplier to Ola Electric for Headlamps, Tail Lamps, Indicators, Rear Fender Assembly and Mirrors. From 2018 to 2022, the co. has launched 7 models using the World’s smallest Bi-functional LED Headlight.
The market share in the conventional lighting side in FY22, is estimated to be more than 30%.
Its top three customers contributed ~71% of revenues in FY22
Some of the top clients of the co. are :
Two Wheeler- Honda, TVS, Yamaha, Suzuki, Eicher Royal Enfield
Four Wheeler- Tata Marcopolo, Force Motors, Honda Siel, Hyundai
EV- Ola, Hero Electric
What is a fake breakout & how to spot one ?Fiem Industries gave a fake breakout in september and this was immediately visible based on the selling that followed the breakout with heavy volume. But the stock gave a breakout again in November & this time it was successful. This time, the successive candle did NOT indicate significant selling. In fact, there was simply no selling which means that there are no sellers in the market. To prevent significant losses from fake breakouts, I would recommend observing the follow through candles & maintaining a strict stop loss to prevent significant downside. I would also highly recommend keeping the stock in your watchlist and wait for a point of re-entry.
FIEMIND - Ichimoku Bullish Breakout Stock Name - Fiem Industries Limited
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 1690
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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watch for resistance breakoutbuy above 1381 in intraday and swing
for swing keep sl below 1280(low of mother candle)
This stock is not very liquid for intraday trades so keep sl little big and buy less quantity for Intraday.
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
Target 2 (40%) achieved in Fiem Industries. Target 3 is ON...This is follow-up on Fiem Industries . Can check link to related ideas.
Target 2 achieved. More than 40%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Target 3 (72%) achieved in Fiem Industries. Target 4 is ON...This is follow-up on Fiem Industries. Can check link to related ideas.
Target 3 achieved. More than 72%. Target 4 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Target 1 (28%) achieved in Fiem Industries. Target 2 is ON...This is follow-up on Fiem Industries. Can check link to related ideas.
Target 1 achieved. More than 28%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Breakout in Fiem Industries...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Live Challenging Stock Market Analysis #FIEMIND Buy @ 668.55Market Analysis
Live Challenging Stock Market Analysis #FIEMIND Buy @ 668.55
Target @ 917.90
#sharemarket #FIEMIND #Nse #stockmarket
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FIEM Industries good to go Long ?FIEM Industries Seems good to go long after Considering below Factors
1. Cup handle pattern Breakout(Bullish)
2. Falling Wedge Pattern breakout(Bullish)
3. Breakout with good volumes
4. Resistance Range Breakout
->> Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
->> Visit my Ideas Page for Daily Stock Analysis and check my previous stock analysis performance. I usually prefer Swing & Intraday Trades with Good Breakout confirmations and Best Risk Reward Stocks.