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Maithanalloys

Maithan Alloys Ltd.Fundamentals: Company PE- 3 < Industry PE -15.6, FII increasing its stake quaterly since jun2021(0.32 to 0.67 to 1.02 to 2.54), DII too increasing stake since sep 2021(0.48 to 0.51 to 0.62), almost Debt free with 74.99 promoters holding. Technicals: Forming cup & handle pattern , cup is perfectly formed n now it is at channel bottom getting ready to form handle. If we take only handle formation target it is almost double from current level(1750). Currently at a level for perfect entry with good Risk Reward. Once handle is formed and breaks out 1st target comes around 3500-3600 (approximately, as handle is not formed and taken hypothetical handle breakout target), and 2nd big target is cups depth which comes around 7000level, where it would also touch channel's top. As per previous time analysis time horizon could be 2-3 years.
NSE:MAITHANALLLong
by praveshk2
Darvas box breakout donebuy above 1300 in intraday for swing trade can buy in dips till 1250 stoploss for swing trade daily candle close below 1200 For stoploss in Intraday use 5 minute chart and see nearest support. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis NOTE: For Gapup or bo before 9:20 If gapup is more than 1% from bo level than avoid completely. if less than 1% or gives bo before 9:20 than wait for first 5 minute candle and entry above 5 minute candle and revised SL below candle Low.
NSE:MAITHANALLLong
by stockkar
Maithan Alloys Breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price) 4. Either sell on initial stop loss hit or when closes below weekly supertrend After a Quarterly Sales and Profit growth of 107% and 441% and TTM Sales and Profit growth of 74% and 215%, NSE:MAITHANALL has given a breakout with high volumes after a long consolidation since Aug'21. It's a buy with a stoploss at Rs.1138.
NSE:MAITHANALLLong
by akashbothra
watch for range breakout buy above 1260 in intraday or swing trade for swing trade stoploss below 1140 DCB target for swing trade 1450, 1590 For stoploss in Intraday use 5 minute chart and see nearest support. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis NOTE: For Gapup or bo before 9:20 If gapup is more than 1% from bo level than avoid completely. if less than 1% or gives bo before 9:20 than wait for first 5 minute candle and entry above 5 minute candle and revised SL below candle Low.
NSE:MAITHANALLLong
by stockkar
Maithan Alloys - Heating to Shape up - Good Investment (2)Technical: Strong breakout Awaiting After a breakout from a downward trend line, it strongly went up and then consolidated for a while, now it is showing sign of breaking the strong consolidating, which may take the prices further up to the range of 650-750 levels, with stops at 500. Fundamental: Undervalued Market Cap: 1600 Cr. P/E: 6.2 Debt to Equity: 0.01 Book Value: 285 Price to Book Value: 1.4 1. India's leading manufacturers and exporters of niche valued added Manganese Alloys, Ferro and Silico Manganese, used in manufacturing of stainless steel for enhancement in strength and durability of steel. 2. Provider to prominent domestic clients like Jindal Steel, Tata Steel, SAIL, Arcelor Mittal and to international clients like China Steel, Qatar Steel and more. Exports to 35 countries. 3. Consistent profit and sales growth due product niche in the market with commitment to efficiency and low cost curve. 4. Sales Boost through India's Infrastructure Growth and Housing for 2020 scheme by Govt. 5. Recently, invested 600cr for a new plant setup in Bankura to generate 1,20,000 tone Overall, a strong management making consistent growth on low debt cost. The company is unvalued as per my analysis and it shall further move up to the price range of 3-4x of book value, which will be around 850-1150 levels. Any opinions or comments on the same will be appreciated. Regards
NSE:MAITHANALLLong
by NeeteshJain
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