MOLDTKPAC
Target 1 (39%) achieved in Mold-Tek Packaging. Target 2 is ON...This is follow-up on Mold-Tek Packaging. Can check link to related ideas.
Target 1 achieved. More than 39%. 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.
Mold-Tek Packaging - Long Setup, Move is ON...#MOLDTKPAC trading above Resistance of 994.35
Next Resistance is at 1144
Support is at 758.30
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support 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.
MOLDTECH - Ichimoku Bullish Breakout Stock Name - Mold-tek Technologies Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 129
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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All-time high breakout in Mold TekChart -> MoldTek Packaging Daily
The stock has given an all-time high breakout from a long consolidation of 9 months with huge volume.
Since it is in new territory, targets will be calculated as per Fibo.
CMP: 904
Good range: Around 860
Targets: 945, 986, 1063
SL: 804
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Channel Breakout in Mold Tek Packaging?Stock was trading in a sideways channel, now it has given breakout with good volume.
In the short term, price is moving in an uptrend with support which is marked on the chart. Also, there was a triangle pattern breakout which has already reached its target.
If daily candle of 10th Aug manages to close above breakout candle high, we can expect a good up move in coming days.
If price is coming for retest 840-870 levels should act as immediate support.
Stop loss for this trade can be placed below 775.
All possible targets are mentioned on the chart.
This is just a view, not a recommendation to trade. Do your own analyses before taking any trade.
NSE:MOLDTKPAC
Mold-Tek Packaging - Wonderful Investment OpportunityMold-Tek Packaging is engaged in the manufacturing of injection-molded containers for lubes, paints, food and other products.
Innovation and Value Addition:
In the early 1990s Mold-Tek pioneered the concept of plastic pails for paints industry, It has introduced plastic containers for lubes industry with value added features like ‘pull-up spout’ and tamper & leak free features. Mold-Tek was also granted a patent for the innovation related to pull-up spout with tamper proof seal. Mold-Tek designed and developed the containers for Mondelez’s Lickables product becoming its exclusive supplier in India. There are multiple products under development such as QR code enabled IML containers, plastic containers for fertilizers & pesticide industry, tamper proof plastic containers for home delivery companies like Swiggy/Zomato etc.
In-house capabilities:
Mold-Tek is only company in India that has in-house tool room, moulds, robotic operations, and labels. Further, in-house mould making capabilities also help with faster product development and market introductions. These capabilities are of special importance in IML which requires a high degree of reliance on automation including robots.
Strong Customer Relationships:
Mold-Tek has a proven track record of quality and reliability of supply which has helped it become one of preferred suppliers for leading companies in Paints, Lubes and Food & FMCG industries. Mold-Tek is amongst the few companies which has got a ‘green channel clearance’ from Asian Paints i.e., pails supplied by Mold-Tek go straight to the filling line without quality checks.
Key customers in Food, FMCG & Pharma includes ITC, HUL, P&G, Cadbury, Pepsi, Dabur, Parle, Nestle, Amul, Britannia, P&G, Haldirams, Britannia, MTR, Quality Walls, Emami etc. Paint Industry includes Asian Paints, Berger Paints, Nerolac, AczoNobel, Apollo Paints etc. Lubricant & Grease Industry includes Shell, Castrol, Bharat Petroleum, Indian Oil, HP, Reliance, bp, Valvoline, Gulf etc. Not just this, you name any good brand name and this company is the supplier.
FUNDAMENTALS:
> It is a Small Cap company with a market cap of just Rs.1,940 Cr. The company have grown significantly over last few years.
> The ROCE and ROE is at 22.5% and 22% respectively which is very good considering the size of the company.
> Price to Book Value ratio is 8.06 which means the company valuations are 8 times it’s book value.
> Stock P/E is 33 which makes the valuation a little costlier as compared to the industry P/E at 25.
> OPM of the company is continuously growing and it is at 22% as per Mar 21 Balance Sheet.
> Robust Topline and Bottomline, continuously increasing on YoY basis.
> Debts: The company have Debts of only Rs.108 Cr as per Mar 21 Balance Sheet which is much within the limit as compared to its Reserves.
> Reserves: It is Rs. 227 Cr as per Mar 21 Balance Sheet, more than twice as much of it’s borrowings. Continuously increasing since last 6 years.
> Promoters have reduced their stake slightly in Sep 21 Qtr to 33.73% from 35.13% in Jun 21 Qtr.
> FIIs & DIIs are also heavily invested in the company, combined holding will be more than 25%, DIIs are continuously increasing their stake in the company.
> The company enjoys more than 25% market share of packaging materials in India, this is substantial.
TECHNICALS:
> The stock has given almost V Shape recovery after the covid fall, this kind of recovery is not very usual. This shows the stock strength.
> On the chart stock is continuously in UPTREND since March 2020 Covid fall.
> Increasing Long Volume towers as indicated by blue arrows at the bottom indicates that lot of accumulation is going on in the stock continuously.
> Trading above 100 and 200 DMAs this talks about the strength in the bull run of this stock.
Company have strong financials and numbers are continuously increasing on YoY basis specially after the Covid slowdown. The company is investing heavily in R&D to add more products to its portfolio, building QR Code based packaging. Almost all renowned product based companies are its clients. The company have great client base.
Fresh Buy – At 688
Old Buy – Hold
Target – 3X i.e. 2050
Risk Management Tip: Never invest more than 5% of your capital in any single stock.
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