Multibagger
Multi Year Breakout - Retesting Done (Multibagger Stock)Fineotex Chemical Lt is involved in the business activities of Manufacture of chemical products or preparations of a kind used in the textiles, paper, leather and like industries.
The stock has broken a multi year resistance with great volume. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The Company has reported a robust sales number in its last quarter results for FY 21 with an increase(%) of 72% QoQ. EPS has also improved dramatically by 277% QoQ.
Mutual Funds have shown their interest & added this stock in their portfolio for the first time in the 3rd Quarter of FY 21 by buying an stake of 5.97%. This stake has also improved in the last quarter of FY 21 and now stands at 6.15%. Rise in interest is a good sign for the stock.
The Stock has a potential of turning a Multibagger.
Accumulate with SL of 59 for targets of 90-106 respectively. I would further recommend to hold it for 3-5 years for 10-15 times return.
Feel free to share your feedback & queries.
Kopran- A Multibagger?The chart is self-explanatory. The technical setup is perfect for Kopran some good business will send the stock prices to Jupiter.
It has Broken out of the resistance line from 2007, with a good volume. 1 to 1 equality with consolidation range gives us a target of 950+ in the long term
CADILA BREAKOUT LEVELSAs erlier we discussed .... that gave good levels and after that we saw profit booking...which means that there was profit booking done buy big players ....and now again its retestes the level and that trend line of 555 and again from here it is going up with good Vol
as u can see on Fibc Retresment indicator ...
Now fresh entry ONLY ABOVE 571.70 with SL of 554.50
...this stock can go double from here ....because of its covid injections and tablets....
LONG TERM target 980+++ 5-6 months...
KOTAKBANK - Long Term Investment IdeaKotak Bank has had a fabulous year and we have stressed enough that in whole Banking sector, we only like and invested in HDFCBank(800 levels) and Kotak Bank(around 1300 levels). Hence Now the stock has entered correction and its 16% down from its high. Its a good stock to accumulate at these levels for long term gains.
Multibagger stock preparing for breakout Filatex IndiaFilatex India is a multibagger stock, expected breakout in ascending triangle.
1st Target Rs.88
2nd Target Rs.107.
3rd Target Rs.129 (As per rounding pattern)
and Final Target Rs.163.
Strong fundamental with rounding pattern and ascending triangle pattern expected to breakout on 5/6th April'21.
Entry can be taken 66~72 range , if fails stop loss 64~65 , exit from the stock.
KTKBANK, KARNATAKA BANK,W , 20% +30% = 50% gain opportunityKarnataka Bank, about to form inverted Head & shoulder. As banknifty looks bullish , It may give a breakout even before forming a pattern.
All levels are marked on the chart.
I can see the opportunity to gain 20% very soon, after that it needs to cross the 200sma and Trendline resistance. then more upside around 30% in the coming months.
PS: All analyses are for educational purposes only.
Kriti Nutrients: Rising Edible Oil prices augurs well!1. Kriti Nutrients is a manufacturer of Soya value-added products, used in the pharmaceutical application, food and edible refined oil. Market cap - 191 cr; PE 9.52; EPS - 4.17.
2. Atul Singh ASAN's pick. Spotted by him first and excellent study by him on twitter.
3. Company doing sales ~600Cr.
4. Return on Equity at 25% and Return on Capital Employed 27%.
5. Since edible oil prices are soaring and will continue to increase this entire year well into December 2021, this stock is a sureshot multibagger 3x-5x for sure!
JCT Ltd: Turn around potential. Potential Multibagger.1. Current year sales trending at 600 crores. EBITDA at 28 crores.
2. Launched new line of anti-infective clothing which it believes will be in demand going forward
3. From yarn to fabric to stitching & sealing of PPE Suits,JCT Mills,Phagwara is doing it all in-house,following WHO guidelines.
4. JCT is making amazing PPE equipment ! They have risen from the ashes to fight the war against Covid ! They have a huge capacity.
5. The textiles ministry is in the process of obtaining approval of the Cabinet for the scheme of Mega Investment Textile Park. Under the scheme, seven Mega Textile Parks will be set up in the country over 3 years. JCT will be a direct beneficiary of this scheme.