Epigral Ltd for 30%+ gains; Strong Q2 resultsDate: 10 Nov’24
Symbol: EPIGRAL
Timeframe: Daily
Epigral (formerly known as Meghmani Finechem) seems to be in Wave V of 3 which is heading towards 2800 (33% from current price of 2100) as seen in the chart. There is a possibility of Wave V extending to 3000 which we can assess once it closes above 2500. Let’s keep a stop loss at 1840 on closing basis. Q2FY25 results on Saturday were good so the run up should continue.
This is not a trade recommendation. Please do your own analysis. And I have the right to be wrong.
Epigral (jise pehle Meghmani Finechem ke naam se jaana jaata tha) 3 ke Wave V mein hai aisa lagta hai jo 2800 (2100 kee vartamaan keemat se 33%) ki taraf badh raha hai jaisa ki chart mein dekha gaya hai. Wave V ke 3000 tak badhane ki sambhaavana hai jiska aakalan hum 2500 se upar band hone par kar sakte hain. 1840 ke neeche closing basis stop loss rakhein. Shanivaar ko Q2FY25 ke nateeje achhe rahe to teji jaari rehni chahiye.
Yah koi trade lene ki salah nahin hai. Kripya apana vishleshan khud karein. Aur mujhe galat hone ka adhikaar hai.
Gujaratalkalies
Gujarat Alkali - Ascending Triangle Breakout RetestWhen Broader Markets / Index as such is in correction mode , there are some stocks which are much stronger than the index. These stocks are said to show high relative strength! Gujarat Alkali is currently showing high relative strength in such volatile markets
Stocks would not move in a straight line , instead they go up , come to test the breakout level & again start their upward journey!
Pattern Name : Ascending Triangle Breakout Retest
Support Level - 950 Levels
Triangle breakout in Gujarat AlkaliesIf we see the char in daily timeframe for Gujarat Alkalies, we can see a triangle breakout with rise in volume. The upper trend line in the triangle has been broken. The momentum has been very good from the past 2 candles. If the bulls support the momentum, it can easily give us more than 5% returns in the short term. This breakout might also lead to All Time High. But we can't predict anything.
Do like it :) It will motivate me to write more
Gujarat Alkalies & Chemical ready for the uptrend!🤩💸🔥Buy Gujarat Alkalies & Chemicals for Positional Trading as well as Investment💸🔥💸
Comment your views!!!🧐🤔🧐
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💡ABOUT COMPANY:
Gujarat Alkalies and Chemicals Ltd is a multi-product chemical manufacturing company and is one of the leading manufacturers of Caustic Soda Lye.
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💡Product Offerings & Revenue Mix FY21:
Caustic Soda Lye: 21%
Caustic Soda Flakes: 11%
Hydrogen Peroxide: 9%
Chloromethanes: 9%
Aluminium Chloride: 9%
Phosphoric Acid(85%): 6%
Others: 35%
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💡Products' Applications:
Its products are used by various industries viz. Textiles, Pulp & Paper, Soaps & Detergents, Alumina, Water Treatment, Petroleum, Plastics, Fertilizers, Pharmaceuticals, Agrochemicals, Plant Protection, Dyes & Dyes Intermediates, etc.
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It earned ~14% of revenues from exports in FY21.
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✅Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company posted the best Q2 result in its history & is expected to post a similarly strong result in Q3 too.
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❇️The stock had given a Multi-Year Volume Breakout in Oct 2021 & then it was in a retracement phase. With the recent Volume Breakout of the base & Volume Continuation, the stock seems to have completed its retracement & now is poised for a big rally from current levels.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Buy QUALITY stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
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LIKE, COMMENT & SHARE 😄😄😄
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.
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 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.
GUJARAT ALKALIES Broke out and wont stop now!
Observations well explained on the Chart.
I see an upside in NSE:GUJALKALI and waiting for retest of the Support which was the former resistance area.
Hope to see it does what I made in the chart.
It has ended its correction phase and entered a long term bullish outlook.
Predictions are merely for education purposes. No Trading Advice whatsoever in this profile.