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Manalipetro

MANALIPETRO - Presenting a great opportunityNSE:MANALIPETC Manali Petrochemicals Limited (MPL) is engaged in the business of manufacture of petrochemicals. The Company is engaged in offering polyols and propylene glycol. TTM EPS; 23.17 TTM PE: 6.10 Sector PE: 25.84 Book Value Per Share: 39.53 P/B: 3.58 Face Value: 5 Mkt Cap (Rs. Cr.): 2,432 Dividend Yield: 1.06 Some Positives: High Piotroski Score - Companies with strong financials Rising Net Cash Flow and Cash from Operating activity Company with high TTM EPS Growth Strong Annual EPS Growth High Revenue and Profit Growth with High Return on Capital Deployed (ROCE) and Low PE ratio Company with Low Debt Increasing Revenue every quarter for the past 2 quarters Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years Company able to generate Net Cash - Improving Net Cash Flow for last 2 years Book Value per share Improving for last 2 years Company with Zero Promoter Pledge FII / FPI or Institutions increasing their shareholding Near 52 Week High Stock gained more than 20% in one month Strong Momentum: Price above short, medium and long term moving averages Some Negatives: Not really any. My Opinion: It is a gem of a company considering the fundamentals. I can see it rally till 165-190-205 in short term. !38 is key support level now. If it falls below that then 128 should be a stop-loss. NOT A RECOMMENDATION. JUST FOR EDUCATION.
NSE:MANALIPETCLong
by babutaaniket
3
YR 2022 Idea #48: Long on MANALIPETC This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
NSE:MANALIPETCLong
by onerighttrade
Manali Petrochem Fractal Patterns TutorialFractals are a self similar patterns that recur at successive lower degrees. Once identified, they provide great trading opportunity. They can be found on any time frame, on any asset class or any instrument in any market conditions. How to trade: Once a clearly visible fractal pattern is recognized, look for the lowest degree pattern in the structure to retrace over 100% of previous swing high/low as depicted in the chart. Make an entry at such a breakout. Risk Management: Keep the stop loss at the lowest point of the lowest degree fractal. I hope the explanation was useful for the fellow traders out there. Cheers!!
NSE:MANALIPETCLong
by MilestoneCapital
1