Multibagger
ZEEL: Potential Multibagger TradeA 3 year long trendline has been broken in Zee Entertainment Enterprises Ltd. ( NSE:ZEEL )( BSE:ZEEL and we have a potential multibagger trade on our hands.
The stock has been facing resistance from the trendline since April 2018 i.e. 3+ years and has broken this in the past few weeks.
It is currently at a very crucial level and a breakout from this level will give us a medium and long term trade with potential returns of 200+% .
Important levels :
Entry @Rs 235-237
Target 1 @Rs 260
Target 2 @Rs 310
Target 3 @Rs 353
Target 4 @Rs 407
Target 5 @Rs 497
Trade duration - 2 to 24 months
Note:
1. Before the final breakout the price may fall back and take support from the trendline below. Keeping this in mind, take position at the entry level with only 50% capital and wait for a retest for deployment of the complete capital.
2. Safe traders can wait for the weekly candle to close above Rs 236 to avoid a fake breakout. However, they may lose out on the first target.
BCLIND is good for Medium to Long TermBLC Industries Ltd.
About
- 44-year-old company engaged in Edible Oil & other related business.
- is one of the largest edible oil complex in North India.
- 8 brands in the edible oil business.
- Largest Grain-based Ethanol supplier in India.
- Consistently generating profitability without any CAPEX.
- Co. also manufactures refineries & machinery along with their business in real estate.
- The Ethanol story & Edible oil story both will be contributing to the growth of the business.
- 5 Year Sales Growth CAGR is 22%
- 5 Year Profit Growth CAGR is 50%
Prospects:
- Govt. has announced that it is planning to incorporate Ethanol in Petrol by 20% by 2023.
- Govt. has recently announced that it will invest around 11k crore in Edible Oil Ecosystem to boost domestic production & cut imports.
Both these will have a positive impact on the company in the coming years.
Insider Buying:
The Board of Directors of BCL Industries Ltd at its meeting held on the 03rd day of August, 2020, has approved the allotment of 50 lakh equity shares at a price of Rs. 60/- per share (including a premium of Rs . 50/- per share), on a preferential basis to 3 specified persons of Promoter Group (i.e. Mrs. Sunita Mittal, Mr. Rajinder Mittal, and Mr. Kushal Mittal) and one specified entity belonging to public category i.e. Rollon Investments Private Limited.
The number of shares allotted to the allottees:
Mrs. Sunita Mittal - 800000 shares (Promoter)
Mr. Rajinder Mittal - 800000 shares (Promoter)
Mr. Kushal Mittal - 1000000 shares (Promoter)
Rollon Investments Private Limited - 2400000 shares (public)
View:
- BCLIND is a relatively small fish in a big pond. It has much room to grow. With consistently good Sales growth & Profit Growth & upcoming sectoral tailwinds, the company should do well.
Investment Idea || BOROSIL RENEWABLESTechnically:
1. Weekly resistance breakout with good volumes during Dec,2020 week.
2. After seven months of consolidation poised well for another breakout.
3. Good Price-Volume action.
4. Technically, next stop around 530.
Fundamentally:
1. Sustainable business.
2. Healthy Quarterly/Yearly results.
3. Almost a Debt free company.
Potential Multibagger in coming years.
Target Update on Tata Steel BSLWhat seemed as a Bullish Pennant at first has now formed a proper bull flag pattern. Refer to previous analysis(Link given):
Target Update
Entry = Rs 96+
T1 = Rs 110
T2 = Rs 121
T3 = Rs 138
T4 = Rs 150+
NSE:TATASTLBSL
BSE:TATASTLBSL
VA TECH WABAG Long for 500 in medium term.Techno-funda analysis.
1. Bullish flag and pole breakout.
2. Increasing volumes on breakout.
3. Quarterly sales increasing.
4. Good order book.
5. Backed by Rakesh Jhunjhunwala (Additional point).
Buy at CMP 393 for targets of 450/500 in medium term and 900+ for long term targets.
Chemcon - Long Term BuyBuy Chemcon Above 535 or at CMP
Targets and SL levels marked on Charts.
Fundamentals are good and presently reversed from Bottom & Sustaining. This can be a Potential Doubler from current levels.
Accumulate for Long Term.
Disclaimer: All Charts are for educational purpose. Please consult your financial advisor before investing.
Swing trade Setup in MCX!Swing trade Setup in MCX! for mid term with 15% gains.
Volumes picking up.
Massive flag breakout on weekly time frame.
Successfully Rested the breakout levels.
Fundamentally strong.
Buying level - 1575-1605
Target - 1575-1605
Stop Loss - 1574
Targets are based on charts.
Disclaimer: Chart, data and levels for study purpose only. I am not a financial advisor. Use your intelligence before investing.
Long term Cup and Handle Pattern breakout | VMARTNSE:VMART
VMART already gave long term cup and handle pattern breakout. Now it is under retracement.
1) Today it came to test 1st support level 3238. And closed just above it.
2) In coming days if it goes down to test 2nd support level 3130 then let it be. Do not enter in any buying position.
3) And further if it goes down to test ultimate last support level of 2890-2900 and it get support from this level then there will be good opportunity for short term to long term position. But it it gets support from any of above two support zone which are at 3238 and 3130 then from that level it will be a good opportunity to get long/buy position for short to long term.
Heranba Industries Ltd - VCP & Base formation from IPO lowsHeranba Industries Ltd had formed good base from IPO lows.
VCP / C&H pattern indicates good accumulation by institutional players, & weak hands moving out of stock.
Had earlier formed a low cheat entry near 740 levels.
Stock is near Pivot point levels of 823 levels. Good move expected on close ab 823 levels on weekly basis.
Stock can be a potential Multibagger from current levels.