GUJALKALI CMP 466 Gujarat Alkalies And ChemicalsUJALKALI : CMP 466
Gujarat Alkalies And Chemicals
Breakout confirmation is on closing above 485
Short term positional target 654
Long term positional target 790
This view is for educational purpose only, please consult your advisor before investing
Disclaimer : Our tracing position is around 406
GUJALKALI
Gujarat Alkalies – Rectangular Breakout above 381 & retest DoneEntry: above 405 ie CMP
SL - 355
TRGT1 - 800
TRGT2 - 1290.9
DURATION - 2 Years
All numbers are weekly based
Bussiness model : Company produces Caustic Soda Lye, same is used in manufacturing of pulp and paper, alumina, Soap and Detergent petroleum products, few chemical production, water treatment, textiles, metal processing, mining, glass making.
Co was making around 690 net profit pre covid. Even at 10x PE Co should be valued around 6900 crs. Hence traget1 of around 800
Debt to equity : 110 crs debt vs 4771 crs reserve
Debt can be paid back with 3 months profit. So assume Co is debt free.
Net profit and sales continues to grow at stable rate only exception was 2020 Covid Year
Cash flow consistent over past 12 year.
Dividend yeild 1.9%
Book value 660 vs Market price 420 (0.63 times)
Promotor holding 46.28 above average
Volume accumulation seen on daily chart with rectangular breakout of 11 months.
Stock is currently in pull back mode after its breakout so it's a good buy around 405 or higher whenever stock gives green candle on daily chart.
There r few strong resistance (marked on chart black lines), so I'm not expecting quick profit booking on this script
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Target 3 (65%) achieved in Gujarat Alkalies. Target 4 is ON...This is follow-up on Gujarat Alkalies. Can check link to related ideas.
Target 3 achieved. More than 65%. 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 4 (92%) achieved in Gujarat Alkalies. Target 5 is ON...This is follow-up on Gujarat Alkalies. Can check link to related ideas.
Target 4 achieved. More than 92%. Target 5 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.
GUJARAT ALKALIES TREND ANALYSISaccording to yesterdays market, we have seen a bullish trend in this stock. my yesterdays intraday target prices hit twice yesterday. and now i did a analysis for todays market.
if market opens in bullish trend and out of this values then i will post a new analysis of this stock.
but if mrket opens within this values and then it show a bullish trend then the intraday values will be
BUY at 665
1st target :- 670
2nd target :- 675
Stop Loss :- 665
and if market open within values and goes in bearish trend then the values will be
SELL at 658-656
1st Target :- 652
2nd Target :- 648
Stop Loss :- 661
this is only for education purpose this is not a trading call....
if i am wrong in some point then please let me know...
Thanks in Advance...
Hope for the best ........
Target 2 (38%) achieved in Gujarat Alkalies. Target 3 is ON...This is follow-up on Gujarat Alkalies. Can check link to related ideas.
Target 2 achieved. More than 38%. 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.
MULTIPLE PRICE VOLUME BREAKOUTS IN GUJALKALIGUJALKALI is poised for one of the biggest breakouts
1. On a weekly time-frame it has already broken out of a rising parallel channel that has been under construction since a year and a half
2. Again it has broken out from below a rising trend-line that runs for a span of more than four years
3. Now it is poised to break out of a large rounding bottom pattern that has been under construction since almost three years
4. Massive volume breakout :The buying volumes recorded in these breakouts are almost at a high of more than ten- twenty years
5. Chart wise the first target comes out to be 935 which was the ATH registered earlier, FIB extension quotes second target destination at 1285
6. One of the possible reasons behind this traction can be the mammoth price increase in its major product-line contributor, caustic soda
Target 1 (17%) achieved in Gujarat Alkalies. Target 2 is ON...This is follow-up on Gujarat Alkalies & Chemicals. 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. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
This simple analysis can give you 8% - GUJALKALI👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 1000 Followers 🔥🔥
🔥 Common sense used : Do watch the video to get to understand all of the information
📌 Market structure is amazingly bullish
📌 Swing trade setup
📌 Sl of 4% and Target of 8% would be gentle, adjust as per market conditions and as per your setups
📌 creating a base and trying to break the 4 times touched trendline ( resistance ), BO if such Trendlines = trade activation :)
📌 Hold as per your risk and you can of course change it according to your mindset and setup :)
📌 Pattern here is a kindof descending triangle
📌 Good luck with the trade if taken
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
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➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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