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LINDEINDIA

LINDEINDIA - Bull Flag Breakout - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:LINDEINDIALong
by TradewithAditya
LINDEINDIA (Positional Study)LINDE INDIA LTD. Chart Structure: - Price approaching All-time High. - From Feb. to April '21 stock rallied about 100% and took a breather of around 20% - Stock is consolidating for the last 4 months, forming a weak Reverse Head & Shoulder type of pattern. Volume & Deliveries: - Last 18 sessions witnessed huge volume activity in the stock. - Total Traded Quantity from 27th July was 27.71 lac shares. - Total shares delivered were 14.48 lac shares - Stock has seen such deliveries before the last rally. Relative Strength: - Stock is already RS+ in the longer term. - It has started outperformance again in a shorter (55) term. - Spread breakout has happened a week ago. Financial Performance: - Co. saw Sales growth of 18% QoQ & 109% YoY - Co. saw Profit growth of -77% QoQ & 255% YoY - There was a negative profit growth(QoQ) in Net profit because of 14% tax benefit enjoyed by co. in last quarter & Exceptional income from sale of land, due to which the NP & EPS shot up unexpectedly. - While comparing PBT, we get a 3% growth Why stock might go further up? - Linde produces industrial gases required for the Manufacturing of Steel along with other industrial gases. - From April to June Steel Production in India has gone from 8300 MT to 9400 MT which is further expected to increase. - Manufacturing PMI data also saw an increase from June to July (almost 15% in value) - With the tailwind in the steel sector (which indicates an increase in steel production in coming Quarters) Linde might also benefit from the same.
NSE:LINDEINDIALong
by AmanSaraf
1
LINDE INDIA CUP AND HANDLE CHART PATTERN- Bullish Trend SoonThe following chart shows the CUP and HANDLE Chart Pattern of Linde India, Expect a Bullish Reversal Soon. A perfect Rounded Bottom was Converted into a Cup And Handle Pattern, giving more clarity towards the overall trend. Make sure to Place your stop losses correctly, because last year we have seen a huge rally in this Stock. The Monthly Charts show a Perfect Evening Star. So make sure to go somewhere between Mid and Long Term. Do follow for more trading setups like these Thanks, if you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
NSE:LINDEINDIALong
by Gajanan_Y
LINDE INDIA - Awaiting Breakout !This chart is on the request of a well wisher. Credit to him for spotting another good chart after Kirloskar Ferrous. While the stock has run up quite a lot, one may think that it has reached a point of saturation but I believe, the stock is turning around again to form a continuation pattern (Flag Pattern / Pennant pattern) and the journey continues. This could be a very explosive stock "if it breaks out with good volumes". This stock should be on everyone's watch list in the coming days. I will update the thread on the quality of its breakout if and when it does.
NSE:LINDEINDIALong
by CannySunny
12