Long-term
BEL huge rally seems on chartsBEL is looking very strong and after a good consolidation for weeks between 200-230 for multiple weeks you might see some very good movement here.
Levels are explained in charts
Disclaimer: This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
TATA POWER BREAKOUT - Green Signal BUY>It took nearly 6 months for a massive breakout... Cheers for all those who remained patience during 6 months of consolidation phase..next target is 320
Breakout in the trend line, based on your risk management go for buy.
>Safe traders wait for Retracement buy @275 ,
>Aggressive traders buy @276.
HAL ready to BlastHAL after forming IH&S is now trying to give breakout above levels marked on the chart with great volumes. Post this breakout this can be good swing trade for short/medium term.
Levels are explained in charts
Disclaimer: This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
ready to break resistance of DecadeNSE:TV18BRDCST
TV18BRDCST - for Mid. to long term
● Ready to break resistance of Decade.
●Could be next #multibagger
● Please note, it's weekly Time frame. So time taken to reach target will be in 'no. of weeks'
●Entry will be around 75.
●SL will be subjective to weekly candle closing below the zone i.e. around 64.
●Aim for at least 1:4 to 8 risk reward.
•𝘋𝘪𝘴𝘤𝘭𝘢𝘪𝘮𝘦𝘳 - 𝘛𝘩𝘪𝘴 𝘱𝘰𝘴𝘵 𝘪𝘴 𝘧𝘰𝘳 𝘦𝘥𝘶𝘤𝘢𝘵𝘪𝘰𝘯 𝘱𝘶𝘳𝘱𝘰𝘴𝘦 𝘰𝘯𝘭𝘺. 𝘛𝘩𝘪𝘴 𝘪𝘴 𝘯𝘰𝘵 𝘢 𝘳𝘦𝘤𝘰𝘮𝘮𝘦𝘯𝘥𝘢𝘵𝘪𝘰𝘯 𝘵𝘰 𝘣𝘶𝘺 𝘰𝘳 𝘴𝘦𝘭𝘭 𝘢𝘯𝘺 𝘴𝘩𝘢𝘳𝘦.
P.S.:- Position size should be decided considering SL we are putting.
Do not hesitate to take SL 😊
#the_pravin #simplepriceaction #notoindicator #nakedchart #swingtrading
#USDJPY Inverted Head and Shoulder formationAs seen in monthly chart of USDJPY, inverted head and shoulder is formed. Breakout above 127.50/128 with volumes will make it run to multi decade highs.
Likely scenario: With current global inflation, BOJ is forced to abandon its yield curve control strategy, that brings the yen devaluation option to the forefront.
God bless us all!!!
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalCG Power - Crompton Greaves Consumer Electricals Limited
Good stock from low of Rs5 to 180 in 2years
Still potential in this Stock to perform well
Buy at CMP for positional view of 200/240/290 levels
Very Short term 200 targets and 240 to 290 for 1-3years time
Keep SL of 140 levels
Company is expected to give good quarter also.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
MINDA CORP: Rounding bottom NSE:MINDACORP
Minda Corp NSE : Long term Technical Analysis
Pattern: Rounding Bottom
Time Frame : Weekly
Neckline :214
Analysis:
1. Observed Rounding Bottom Pattern in weekly time frame.
2. Confrimed the Neckline on closing as well as High low basis.
3. We got the breakout zone of 214 - 218.
4. Strong momentum with 20 simple DMA Support in Weekly chart.
5. Retested neckline multiple times.
6. Expected breakout this time.
How to buy?
1.Buy on MA in Weekly time frame.(Dynamic entry)
2.Buy at point of Pre - breakout as per explanation in Daily time frame.
3.Breakout buy @ 214 with target 228. Original Breakout at 228.80
Stop loss:
4 % for Long term
How to reenter : Reenter at same level with same stop loss.
Why BEPL is becoming more attractive day by day? INVESTMENT IDEAThis post is not for traders who want to trade with stop loss. This is for long term investors who wants to buy fundamentally strong beaten down names at a good entry points.
NSE:BEPL
Bhansali Engineering Polymers Ltd is engaged in manufacturing and sale of ABS Resins, AES Resins, ASA resins, SAN resins and their alloys with other plastics in the Indian market. Its customers include leading companies dealing in Automobiles, Home Appliances, Electronics, Healthcare and Kitchenware.
Why is it a good buy right now?
The Company had entered into a 50 : 50 Joint Venture Agreement with Nippon A&L Inc., Japan (NAL) and incorporated a Joint Venture Company namely Bhansali Nippon A&L Private Limited which provides sales support and technical support to the Company. This JV has enabled the company in catering the growing demand of ABS resins, ASA resins, AES resins and other specialty polymers. Nippon A&L Inc. was established in 1999 as a JV between Sumitomo Group and Mitsui Chemicals, which focused on polymerisation of Styrenics and enjoys high reputation in the field of manufacturing and marketing of ABS, AES, ASA resins and SBR/PBRLatices. Technical expertise, as and when required, is deployed from NAL Japan, in the purview of the JV between the company and NAL. With the help of the technical support BEPL has developed several new ABS grades and going ahead also the company believes that they will continue adding new SKUs to its product portfolio.
Indian ABS market has duopoly situation with only two players BEPL and INEOS, while the rest of the market demand has been catered through imports. Despite the availability of a market in India, global players find it difficult to meet the demand of the Indian market as the scale of operation is not favorable. Further, every segment requires a different colour and performance specification so manufacturing such a wide variety of colours requires a strong balance between investment and sectional capacity utilisation. Need for high grade technology is another strong entry barrier. Both these domestic companies have technical collaboration with foreign partners and have long standing relationships with end user industry. The market is niche which acts as a natural entry barrier for the new players.
The Indian automotive industry is undergoing significant transformation, with respect to its sustainable growth and profitability. The industry is witnessing megatrends that are expected to transform the industry in a significant way. Rapidly evolving customer needs, disruptive impact of technology, a dynamic regulatory environment, changing mobility patterns etc. are impacting the way auto companies are doing business in India as well as abroad. The industry now aspires to double its contribution to manufacturing GDP with a four-fold growth in size and a six-fold growth in exports by 2026. These bold aspirations, along with the trends shaping the industry, create new opportunities in the years ahead. India is becoming a global manufacturing hub of two wheelers as well as four wheelers. As a result of which, international giants in the automotive field, viz. Suzuki, Hyundai, Honda, Toyota, Volkswagen, General Motors, Ford, Nissan, Renault, Fiat have established their respective manufacturing facilities in India, with growing degree of indigenization of its components. For components manufactured out of ABS, BEPL’s presence is well registered with all such international giants.
Indian appliance and consumer electronics (ACE) market is expected to double by 2025 according to Indian Consumer Durable Report. There is immense scope for growth of these products in India as the penetration level is immensely low as compared to global average. Demand for consumer electronic goods is likely to witness an increase in the coming years, especially in the rural areas as the Government plans to invest significantly in rural electrification, supplemented by rising influence of social mass media and the popularity of online sales. The Government of India’s policies and regulatory frameworks, such as relaxation of license rules and approval of 51% Foreign Direct Investment (FDI) in multi-brand and 100% in single-brand retail, are some of the major growth drivers for the consumer market. The Production-Linked Incentive (PLI) scheme in 10 key sectors (including electronics and white goods) shall boost India’s manufacturing capabilities, exports and promote the ‘Atmanirbhar Bharat’ initiative.
Near-term outlook for Appliances and Consumer Electronics (ACE): Pent-up demand (most seasonal categories missed out massively in
the previous two seasons), work-from-home (to support convenience driven categories), improving housing activities, and resumption of
Capex will sustain strong revenue traction in the coming quarters too.
Average ROE (Return on Equity) for last 3, 5 and 10 years are 40%, 39% and 25% respectively (all above 15%)
5year CAGR (Compound annual growth rate) Sales and Profit at 19% and 82%
TTM (Trailing 12 months) Sales and Profit growth at 33% and 147%
Promoter Holding increased from 55% in Dec'19 to 56.45% in Mar'20 (greater than 45% is good)
Dividend Yield at 1.56% (consistent dividend payer since 2011)
Debt to equity at 0.00 (less than 1 is good), Interest Coverage at 1070 (greater
than 3 is good), Current ratio at 6.81 (greater than 1.5 is good), FCF to CFO at 78%
(company won’t have to raise debt for expansion)
Current PE at 4.82 is much lesser than 10-year average PE of 26
BEPL is trading at a very good support point and is heading towards another important support point at Rs.100.
If anyone consider it for buying, put only 3% of your capital right now, buy with another 3% if it falls another 40% and invest the rest 4% (don't invest more than 10% of your entire capital in one stock) when the share closes at a 52 week high.
HUDCOyeah it is right time to invest in HUDCO, the PE ratio of the company is good ,and also the dept is little hight, but now it form the haed and shoulder pattern .now it is in dip ..., divident percent is high 6-7% , i thought one think , india definitly become like a dubai , so urban based construction company also will grow. invest in future ...
EICHERMOT LONGADD EICHERMOT IN PORTFOLIO AT 2080-2090 WITH SL 2000
TARGET 2650-2700
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
COMPLETE ANALYSIS OF WELSPUN INDIA WITH SECTOR OVERVIEWabout company
• Welspun India Ltd (WIL), part of the $2.7 billion Welspun Group, is a global leader in Home Textiles, supplying to marquee global retail and hospitality brands. Our state-of-the art manufacturing facilities in India produce globally benchmarked products, driven by our differentiation strategy based on Branding, Innovation and Sustainability
• export about 94% of our home textile products, and over 65% of our production to the US, 25% to Europe and the rest to the Middle East, Australia and Japan.
global scenario-
Global textile and apparel trade stood at $839 billion which has grown at a CAGR of 4% since 2005. Apparel was the most traded T&A category across the globe with a share of 58% of the total T&A trade. Fabric was second to apparel and accounted for 19% of the total T&A trade. The global trade of T&A is expected to grow from the current $839 billion to $1,000 billion in 2025, while growing at a promising rate of over 3% when compounded annually.
Indian textile industry-
• Indian domestic textile and apparel market is estimated at $75 billion in FY21. The market fell 30% from $106 billion in FY20. The market is expected to recover and grow at 10% CAGR from FY20 to reach $190 billion by FY26.(the fall will expected to get recovered in upcoming 3 yrs)
• India is the second largest cotton producing country(China ranks first), growing 23% of the world’s cotton. It also has the largest area under cotton cultivation. As such, India’s textile industry is largely cotton-based. Cotton yarn/fabrics/made-ups and handloom products account for 40% of India’s total textiles export as of June 2021.Towels, bed sheets and other home linen are some of the most exported Indian cotton makeups. China, Bangladesh, and Vietnam are the top three importers of Indian cotton. Despite the difficulties posed by the pandemic, India’s cotton exports rose in volume by127% and in value by 106 %in April December 2020 compared to the same period in 2019. Indian cotton and cotton products have a price advantage over those produced in the US, Brazil, and Australia, which increases their export potential.
Home Textile -
The global home textile market was valued at $123.2 billion in 2019 and is expected to reach a value of $151.8 billion by 2025, registering a CAGR of 3.5% during the period (2019-2025). The US and Europe are the biggest consumers, receiving 60% of the home textiles imports, with countries like India, China, and Pakistan being the key suppliers. The industry is witnessing steady growth, driven by rising consumer spending on home renovation and fashionable household furnishing. Home textile products have surfaced as one of the most attractive and fashion sensitive segments in the overall textile market. The market has seen considerable growth during the past few years.
India’s Presence in Key Global Home Textile Markets-
• India commands a significant share in the global cotton home textile market.
• According to the Office of Textiles and Apparels (OTEXA) US, in CY20. India supplied about 42% of the cotton towels imported to the US, a share that has grown significantly from 30% in CY09. In the cotton sheets segment, the country supplied about 52% (CY20) of the total import to the US, increasing from 27% (CY09).
• The Indian home textile sector is reaping the benefits of market share gains in export markets such as the US and Europe with top competitors such China losing market share in the past two years. India’s share in bed linen export to the US has improved to 58% from ~50% in CY2019; while in terry towel exports, it has improved to 44% from 39% in CY2019. This along with sustained strong demand due to higher focus on home hygiene in the pandemic environment provided home textile companies strong growth levers. Top players such as WIL and HSL have expanded the capacities for bed linen/terry towel sensing to fulfil strong demand coming in from key markets because of higher spends on hygiene products and customers looking at India as an alternate supply base.
FY21 Key Business Highlights and Operational Data of Welspun India-
• The strong emergence of homebody economy structural shift in consumers spending has helped the overall growth for home products. n FY21, the Company delivered highest ever annual revenues with growth of 8% YoY. This has resulted in the highest ever bed linen, bath linen, and rugs and carpet sales volume in a year.
• Innovation is an integral part of Welspun’s DNA and the foundation on which our customer-centric solutions are built. Welspun has always focused on consumers’ needs and catered to them with innovations like Nanocore technology, industry-defining, multi-level traceability process Wel-Trak™ that tracks finished products back to the raw material, as well as HygroCotton technology. r Innovation product sales during the year was `19,287 million, registering a growth of 6% YoY and contributed 29% to the topliner.
• The pandemic has accelerated online spend significantly beyond prior years and more consumers have begun shopping online in greater numbers and frequency. Consumers spent $861.12 billion online with U.S. merchants in 2020, up an incredible 44.0% yoy, according to Digital Commerce 360 estimates.
• China’s share in the US market continues to be under pressure. As per OTEXA data, in the last three years we have seen India’s market share in Towel & Bed Sheets increase by 4% and reached to 42% and 53% respectively. Walmart has recently announced that it will triple its sourcing of goods from India to $10 billion each year by 2027. • The Company is taking rapid strides in the B2C business through licensed brands which will enable to deepen the connect with consumers across markets and aspirational categories.
Basic financial check-
• For FY21, Revenue from Operations was `73,402 million vs. `67,411 million in FY20, 8.9% up.
• Total Income stood at `74,080 million compared to `68,362 million last year, registering a YoY growth of 8.4%; EBITDA at `14,198 million as against `13,098 million in FY20 saw a YoY increase of 8.4%. PAT for the year was `5,397 million, which is around 1.06x that of previous year’s PAT of `5,074 million, and our Net Worth stood at `36,447 million. I am happy to report that Net Debt of core business has reduced by 46% in the last three years along with a continuous improvement in ROCE. FY21 also saw a significant 2.8x rise in Free Cash Flow (FCF) and continuous pay-out through dividend/ buyback.
Key points – • Company’s EPS is increasing, i.e. company is making money. On the top of that company has good amount of cash flow in hand.
• Company's surplus is increasing yoy and their capital expenditure is giving good results which is reflecting on their balance sheet.
• Most important point is company is reducing their boring and constantly paying the debt. Net debt as on March 31, 2021 stands at `23,327 million after reducing the cash and bank balance and liquid investment. At the end of FY20, the net debt was `29,618 million. The company’s current debt stands at Rs. 2,300 crore, which is expected to reduce to Rs. 2,200 crore by the end of FY2022. Management targets to achieve EBIDTA of around Rs. 1,600 crore in FY2022. The company will utilize Rs. 600 crore of EBIDTA for capital expenditure, Rs. 200 crore for buyback, and retain Rs. 180 crore-200 crore of cash on books. Further, the company plans to utilize Rs. 600 crore to pay-off debt. With double-digit growth in revenue and sustained improvement in profitability, WIL aims to become net cash positive by FY2025 which reflects the management is in good hands.
• Growth in revenue
• Increase in profitability
• Cost of material increased due to substantial increase in sales of products
• Company employee cost also increased, despite of covid no dent in employment
• Company has decreased their investments in subsidiary company. ( we can see some fall in other income )
Increase in EBITDA • Increase in PAT
• ROCE - 13.8 %( sufficient for small cap company)
• ROE – 16.3% (enough for 15% CAGR targets )
• No dent in operating and net profit margins
financials of companies are clean and company is growing and scaling up slowly and constantly. There is no massive spike in any aspects and in terms of margins, profitability or revenues. Company’s board of management is well experienced to scale up and handling the company operations. Even in pandemic situation there is no massive dent in revenues and profits which shows the capability and capacity to expand into mid-large caps and target bigger markets.
Key risks for company -
• After rebounding to an estimated 5.5% in 2021, global growth is expected to decelerate markedly in 2022 - to 4.1 %, reflecting continued COVID-19 flare-ups. About 95% of WIL’s revenue comes from export markets such as the US and Europe. Hence, any adverse currency movement or spike in inflation would act as a key risk to revenue growth.
• Due to inflation spike, commodity prices are going to go up. In that case, company’s expenditure on raw material cost will increase. Any significant increase in global cotton prices would act as a key risk to profitability.
• As many incentives given by government, during this consolidation period if any compotator company gets a slight opportunity or somewhere WIL gets lagged in process other will take lead and position themselves in this field.
TECHNICAL ANALYSIS-
for past 2 days buying in stock happened with volume.
stock is almost corrected 43% from its all time high.
due to global scenario, with this high volatility if stock falls again at level of 95 to 100 and giving bounce back, one can invest half capital in this
and keep other half if double bottom fails to accumulate more in buy on dips at level of 75 to 80.
this study is for education purpose only. invest your hard earned money after consulting with your financial advisor.
Long GodrejpropCurently Stock is at MonthlyDemand Zone. Trade is active, buy in part 1401 / 1350 / 1221.
for the target of 1659 / 1792 . strong close weekly close above 1792, Stock will move towards 1964 / 2161.
Stop loss will be weekly close below 1200.
Note: only risky traders can re-accumulate at 1062 / 1000 - For Long term Investors.
ARE WE STABILIZING AND HEADING TOWARDS RECOVERYWe have seen the pre COVID era when market was moving at a regular pace. MIDCAP was recovering after the fall of 2017. But suddenly as the dawn of 2020 we witnessed a huge crash.
As the crash was so sudden that is why most of the investors got panicked and we have seen a devastating sell-off. Though the fall was gigantic but the recovery was even bigger. In just a period of six months we not only recovered but also saw an unusual breakout is almost every stock.
Market continued to make new highs with very small corrections.
But suddenly after mid of October 2021 the correction tends to get deeper and deeper. Huge sell offs by the FIIs have made the retail investors anxious.
But this is not new. FIIs were already complaining about the high market prices of most of the stocks. Many of us would blame the WAR, elections and FED Rate hikes. But the matter of fact is that we were already witnessing this sell of since six months. And unsustainability from the highs even after the Indian Budget'22 just confirmed the forthcoming fall.
I do believe the correction was significant which was also a buy opportunity for long term investors. Maybe we are heading towards recovery as many of the stocks of Indian market have almost tested their levels of January/October 2020
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalMAITHAN ALLOYS LTD
good support at 930 levels, trading in a range for almost 9months now.
Would be a safe bet to enter if it breaks 1250/60 levels
Keep positional view hold for 6months to 2years
Stock has the capability to 2x-4x from here very short term target will be around 1310 / 1400
For the short term keep SL of 1050 and for long term keep SL of 1000/950 levels
Alloys supplies from Ukraine and the Russian region are stopped completely. India alloy companies are benefitting. Prices going up in international markets.
Maithan Alloys has made 300 crs net profit in last quarter, they used to earn 250 crs average net profit annually earlier.
Maithan Alloys will have above 1000 crs cash on the Balance sheet by FY end. Market Cap is 3300 crs
Note:
Above levels are for education purposes only.
Use your own analysis before taking any trade.