Showing Strength on MultiTimeFrame after Taking Support.NSE:FINEORG is showing signs of strength after taking support on the daily time frame, the counter is still in an uptrend and strong in the Multitime Frame. A Close above 5668 will activate the trade. The Support marked is Crucial going forward.
NSE:FINEORG is engaged in and outside India as the largest manufacturer, processor, supplier, distributor, dealer, importer, and exporter of a wide range of oleochemical-based additives used in foods, plastics, cosmetics, coatings and other speciality applications in various industries. It is among the six largest global players.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Fineorganics
FINEORG - PERFECT STAGE 2 BREAKOUTFINEORG - FINE ORGANIC IND. LTD.
Trade Type - Short Term (4 month to 7 month)
Trade Logic - Stage 2 breakout
CMP - 5507.10
Time Frame - Weekly
Target 1 : 6050
Target 2 : 6632
Target 3 : 7328
Target 4 : 8250
Stop : 4900
Risk/Reward Ratio (1: 4.3)
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
Laurus Labs and Fine Organic - Reversal Breakout Alert!
In the past, the stock found strong support around the 450 level, but when the price dropped below this support zone, it experienced a significant decline.
The stock started to move upwards within a parallel channel after finding support around the 290 level.
A recent bullish candle allowed the price to break through its trendline resistance with strong volume support.
The stock also broke through the upper Bollinger Band and has been able to sustain its position above it.
With the price showing strong upward momentum, there is potential for an upward movement from the current level.
The stock price reached an all-time high of nearly 7,330 before dropping sharply to around 4,100.
After the decline, the price entered a consolidation phase and traded in a Box pattern.
A breakout has occurred recently, with the stock surpassing its previous range and trying to maintain its position.
The rising volume suggests the possibility of an upward movement from the current level.
Panic seems to be over in Fine OrganicFine Organic Industries is engaged in and outside India as manufacturers, processors, suppliers, distributors, dealers, importers, exporters of wide range of oleochemical-based additives used in foods, plastics, cosmetics, coatings and other specialty application in various industries.
Largest in India and among top 6 global players
Fine Organic is the largest manufacturer of oleochemical-based niche additives in India. It is among the six largest global players in polymer additives and among leading global players in specialty food emulsifiers.
Fine's client/customer base includes companies like Coca-Cola, Britannia, Asian Paints, Parle, Pidilite, Berger Paints etc. No individual customer accounts for more than 5% of revenue. Fine Organic’s product portfolio comprises of over 460 products including food additives, polymer additives, emollients for cosmetics, additives for rubber & elastomers, etc.
Demand for oleo-chemicals are increasing as they are green additives and environment friendly
Co. has its warehouses in the USA & Europe. It has a network of 180+ distributors connecting to 800+ direct customers and 5000+ end users. Co. distributes its products to 75+ countries across the world.
A JV company, Fine Organic Industries (Thailand) was incorporated on May 31, 2021. Further, on November 11, 2021 co. approved the termination of JV Agreement with Adcotech GmbH for FineADD Ingredients GmbH.
Awaiting land allocation from the Gujarat government. It plans to start production at the Thailand plant in Q1FY24. A decision on further capacity addition at this facility will be taken in Q2FY24. It shall take about 9-10 months to construct the facility. In order to supply material in a timely manner, the company started maintaining higher inventories at its sites in the US and Europe.
FINEORGANICS - Reasons for bullish tradeFineorganics - Reasons for taking bullish trade yesterday - Channel support on weekly charts at 5950 levels + trendline support at 5800-5830 levels. Stock has gone down since then and is trading at 5646 levels currently. However, for a confirmation for support being broken we need a weekly close below 5750 levels. If stock closes below 5750, we will exit from trade. Currently stock is trading 2.8% below our purchase level (INR 5810)
Fine Organics Industries Ltd. - Near breakout level...Good structure on a daily chart pattern and price near the breakout pivot price of 4488.
Can see price range between 4488 and 4178 before any significant move upward.
Would prefer to keep SL at 4178 which can also act as a good support zone.
Target of 5200 on a short/medium term.
Always define your SL. Not a buy/sell recommendation.
Target 1 (17%) achieved. Target 2 is ON...This is follow-up on Fine Organic Industires. Can check link to related ideas.
Target 1 achieved. More than 17%. 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.
Fine Organics (Chart of the Week: 26/02/2022)Fine Organics has given a breakout at All Time High even in this market. Keep a stop loss at 4088 and go long in this counter. Giving targets at this stage look premature due to the current situation in the market. However, one can expect decent gains in the medium term (~3 months) if the current levels are held.
Fine Oragnic: Long termA monopoly business which manufactures additive chemicals for almost every industry. The more specialty comes from additives used in biscuits of companies like Britannia which determines the exact taste of the product. This is a long term wealth generator and can triple your capital in next 5 years. This stock will be trading above 10,000 by that time.
Strategy is to do SIP and buy 1-10 stocks monthly
Short Term Target 4048
Fine Organic Ind " up to 25 % gains "Hi Traders / Investors ,
This is a Swing / Positional Trade .
I can see a bullish momentum in Fine Organic Ind because of :-
1) Breakout of Cup and Handle Pattern forming from 6 months and retest.
2) Huge spike in Volumes at breakout.
3) Prior resistance level broke now acting as a Support.
4) Big Bullish Marubozu type candlestick at breakout.
Giving a Risk to Reward of 1:3.5 ,
Entry - 3614 level
Stoploss - 3362 level
Target - 4537 level
This is just an analysis so don't take any decision solely on this basis.
Please give thumbs up if liked this as it requires deep research.
SWING TRADERS ALERT - Close to a BOFUNDAMENTALS - Solid company with operations across the globe. Their Plant based extract is used across Food, Paint, Plastic and other areas.
It's an investment grade stock.
However, there is an opportunity for a swing trade. You can capture a good swing if the BO happens at mentioned levels
If the resistance is strong, expect a consolidation for a few trading sessions. Positive moment and increasing volume also spotted
NOTE: I have 30 stocks since 3000 levels.
CHART STUDY - NOT A CALL