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Pullbacktrade

TATA Steel gives another chance ??TATA STEEL gives another opportunity to missed traders with a beautiful low volume pullback to its breakout point. The first breakout was given on high volume and stop loss has still not been hit. Stock gives traders another chance to enter long with a good risk to reward of 1:2. This pullback seems to be a normal one and no need for more selling to take place, wait for a bullish engulfing or the high of the recent red candle to be taken out for a long trade. Note: More aggressive traders could try entering as soon as the market opens to get an even better entry price. Keep It Simple
NSE:TATASTEEL
by Krish_Kohal
2
bitcoin pullback trade setup after a long bearish move and bad sentiment btc price has formed a consolidation pattern and on 1h time frame we can see a inverted head and shoulder pattern initiating trade according to - as per neckline drawn on the chart after the breakout only we can enter long and keep stop loss below the shoulder line info line drawn from the head of the pattern indicates the up move possibility duration of the trade could be short term trade with proper risk management and position sizing
Long
by Jimmy_Rebello
Grauer & Weil break out and pull back1. 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 Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop after a consolidation since October 2021, BSE:GRAUWEIL gave a break out on 28th April and pulled back today to it's breakout point. It will be a buy if it crosses ₹72 once again with the stop at ₹67. Other fundamentals: 1. GWIL, with track record of over six decades in electroplating business continues to have leadership position in the domestic electroplating chemical industry with around 30% market share. GWIL is promoted by More family with Mr. Umeshkumar More, currently serving as Chairman, being associated with the company since July 1969. His more than five decades of experience helps the company in strategic planning and expansion of the business. 2. GWIL has planned total capex of around Rs.150 crore in next three years period ending FY24 whereby majority of the capex pertains to expansion of its capacity for industrial paints, setting up a research & development centre, expanding capacity of its electroplating chemicals with some minor capex at each of its manufacturing facilities. Also, its earlier envisaged capex for mall expansion has been put on hold in the medium term. This capex programme is proposed to be entirely funded from internal accruals and from its available liquidity as it has no plan to avail any term debt for the same. Realization of envisaged returns from the capex would be critical to maintain its comfortable return on capital employed. 3. Owing to its robust cash accruals, the company continues to finance its operational and capex requirements largely through internal accruals leading to strong capital structure marked by overall gearing of 0.04 times as on March 31, 2021. GWIL continued to have no long-term debt except the unsecured loans from promoters and lease liability. Also, with no major debt funded capex planned till FY24, the overall gearing of the company is expected to remain at comfortable level. On the back of very minimal debt and strong accruals, its debt coverage indicators also stood highly comfortable marked by Total Debt/GCA of 0.25 times and interest coverage of 39.47 times during FY21. 4. The company’s revenue profile is moderately diversified owing to its operations under different business divisions such as surface finishing (of which electroplating chemicals, paints & oil & lubricants are sub-divisions) engineering and shopping mall. Furthermore, electroplating chemical division has wide basket of products and the chemicals manufactured by the company finds its application in various industries such as automobiles, consumer durables, gems and jewellery, etc. Thus, GWIL benefits from the well-diversified product portfolio of chemical segment. Moreover, the company is also involved in the manufacturing of industrial paints, which is the second-largest contributor to the company’s revenue. The product profile in Paints include high performance industrial coatings (with applications in refineries, oil exploration, petrochemicals), Pipeline Coatings (duly approved by WRAS-UK and NSF –USA for application in drinking water pipelines, Irrigation water Intercity pipelines), Marine Coatings (having applications in ships for long life Anti-fouling coatings besides aerospace and defence coatings. The engineering division is involved in manufacturing and providing turnkey solution for electroplating plants, effluent treatment plants and other engineering products. Over 800 plants of varied types have been commissioned by division worldwide till now. Apart from the above, the company has shopping mall spread over 475,000 sq. ft. at Kandivali (Mumbai suburbs) with 247,000 sq.ft. of leasable area. Thus, the diversified revenue profile has helped the company to reduce its dependency as well as tide over any downturn in a particular business segment as was evident during FY21 (refers to the period April 1 to March 31) when income and profitability of shoppertainment segment had declined, the same was largely compensated by improved performance of its engineering division. 5. Last 10 years average ROE greater than 15%. 6. Debt to equity at 0.02 (less than 1 is good), Interest Coverage at 114 (greater than 3 is good), Current ratio at 3.31 (greater than 1.5 is good), FCF to CFO at 76.4%. 7. The company has a dividend yield of 0.72% (consistent dividend payer since 2010). 8. FII stake increased since September 2020 from 0.07% to 0.71% in March 2022. 9. Risk: - a) In chemical segment, the company’s raw materials are various kinds of metals, which are used in powder form for plating/coating, which continue to remain highly volatile. On the other hand, the industrial paints have crude oil derivatives as majority of its raw materials whereby prices of raw materials are linked to crude oil price, which is again volatile in nature. b) In chemical division, GWIL has been largely able to pass on increase in raw material prices in a timely manner on the back of its leadership position in the electroplating chemical segment. However, as pricing for supply of industrial paints are decided at the time of bidding, the profit margins of paints division remain exposed to volatility in the input prices. Moreover, being relatively small player in this division, the pricing power is also low. c) As the company’s operations involve import/export of raw material and sales of its products, it involves transactions in foreign currencies which are done mostly in Yen, USD, and Euro. During FY21, the imports accounted for Rs.58.99 crore as against exports of Rs.60.57 crore. The company has policy of hedging majority of its imports; however, the receivables are normally kept open and hence are exposed to foreign exchange fluctuation.
BSE:GRAUWEILLong
by akashbothra
VBL good quarterly results1. 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 Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop On 18th April 2022 NSE:VBL gave a high volume breakout after a consolidation since November 2021. It will be a good buy if it comes down to the support zone of ₹1000 and ₹1040 with a stop at ₹990. It posted a very good set of numbers for the quarter ending on 31st March 2022. its quarterly sales increased by 26%, quarterly profit increased by 96%, TTM sales increased by 34% and TTM profit increased by 103%. Other fundamentals: 1. Debt to equity at 0.82 (less than 1 is good), Interest Coverage at 7.75 (greater than 3 is good), Current ratio at 1.72 (greater than 1.5 is good). 2. The company has delivered good profit growth of 72.11% CAGR over last 5 years. 3. The company has been maintaining a healthy dividend payout of 17.64%. 4. The management of VBL Recommended the Bonus Issue of Equity Shares in the proportion of 1 (One) Equity Share of Rs. 10/- each for every 2 (Two) Equity Shares of Rs. 10/- each held by the shareholders of the Company. 5. Varun beverages is a part of the RJ group, which is the largest franchisee for Pizza Hut, KFC, Cream Bell and Costa Coffee in India. 6. The Company’s solid and well-entrenched distribution network covers urban, semi-urban, and rural markets, addressing demands of a wide range of consumers. The Company has 32 state-of-the-art manufacturing facilities in India, 6 internationally. It has a robust supply chain with 90+ owned depots, 2,500+ owned vehicles, 1,500+ primary distributors, and currently installed 775,000+ visi-coolers. 7. The Company has established backward integration facilities for production of preforms, crowns, plastic closures, corrugated boxes, corrugated pads, plastic crates, and shrink-wrap films in certain facilities to ensure operational efficiencies and high quality standards. The company also owns 55% stake (35% indirectly & 20% directly) in Lunarmech Technologies Pvt. Ltd. which produces and sells PET bottles caps and crown caps. 8. The company uses around 66,000 MT PET resin as packaging material for its finished products annually. It has engaged with GEM Enviro Management Pvt Ltd for phased implementation of 100% recycling of used PET bottles through collection from end users by placing dustbins reverse vending machines, direct collection from Institutions, etc. 9. In 2019, VBL concluded the acquisition of franchise rights in South and West regions from PepsiCo for a national bottling, sales and distribution footprint in 7 States and 5 Union Territories of India. With these acquisitions, the Company has significantly reinforced its partnership with PepsiCo and now account for over 80% of their India’s beverage sales volumes from 51% earlier. 10. In 2019, Pepsi co extended the bottling appointment and trademark license agreement from Oct 2, 2022 to Apr 30, 2039. 11. Risks: - a) The Company’s operations span 6 countries – 3 in the Indian Subcontinent (India, Sri Lanka, Nepal), which contributed 85% to total revenues. Currently Nepal and Sri Lanka are going through economic crisis. b) The beverage industry remains susceptible to changes in government regulations regarding the content of soft drinks, and to increasing environmental concerns in India about ground water depletion and discharge of effluents by bottling plants. Further, evolving concerns related to disposal of plastic may impact the beverages industry.
NSE:VBLLong
by akashbothra
Gufic breakout, pullback & bounce back 1. 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 Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After consolidation since January 2022, NSE:GUFICBIO gave a break out of 12th April, went down below the support level and has given a bounce back today. Buy with a stop at ₹236. Other fundamentals: 1. The company has delivered good profit growth of 43.44% CAGR over last 5 years. 2. The company has a good return on equity (ROE) track record: 3 Years ROE 27.89%. 3. The company's median sales growth is 22.02% of last 10 year. 4. TTM sales growth of 71% and TTM profit growth of 160%. 5. Borrowings came down from ₹126cr on March 2020 to ₹35cr on September 2021. 6. Promoter holding increased from 65% in June 2021 to 75% in September 2021. 7. CRISIL Ratings has revised its outlook on the long-term bank facilities of Gufic Biosciences Limited (GBL) to 'Positive' from 'Stable', while reaffirming the rating at 'CRISIL BBB+'. and has assigned its 'CRISIL A2' rating to the short-term bank facility. The outlook revision reflects improvement in GBL’s business risk profile in fiscal 2022, marked by expected revenue of Rs. 750 crore, increase from Rs 488 crores in fiscal 2021, driven by capacity expansion and higher revenue from critical drugs. Operating profitability improved in fiscal 2021 to 17.6% and expected to sustain in fiscal 2022. With further capacity expansion in FY2023, revenue is expected to grow in future years. Hence, sustenance of operating margin and revenue growth will remain key rating sensitivity factors. Financial profile and liquidity continue to be strong. 8. GBL obtained various certifications and approvals for its manufacturing facilities and diversified its product portfolio through continuous research and development. The top 10 products contributed to 34% of revenue till the third quarter of fiscal 2022. Revenue grew to an estimated Rs 750 crore in fiscal 2022 from Rs 300 crore in fiscal 2018. 9. Financial risk should remain strong despite the huge, debt-funded capex to be undertaken in fiscal 2023. Networth was Rs 173 crore as on March 31, 2021 and is estimated at Rs 250 crore on March 31, 2022. Its controlled reliance on external debt has led to comfortable gearing and total outside liabilities to adjusted networth (TOLANW) ratios, which are estimated to be 0.14-0.15 times and 0.8-0.9 times, respectively in fiscal 2022. Debt protection metrics are robust, with interest coverage and net cash accrual to adjusted debt ratios estimated at 25 times and 2.5 times, respectively, for fiscal 2022.
NSE:GUFICBIOLong
by akashbothra
RCF break out, pull back and bounce1. 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 Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Largest weekly price spread c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop after consolidation since may 2021, on 29th March NSE:RCF gave a high volume breakout. Today at pulled back to the support of Rs.88.50 and is currently trying to cross the previous day high of Rs.93.70. If he successfully bounces back above Rs.93.70 it will be a good buy with a stop just below Rs.87.50. Why are fertilizer stocks in demand? Shares of fertilizers companies have been in demand riding the commodity boom, more so after the start of the Russia-Ukraine conflict. According to reports, prices of three main types of nutrients have been rising for several months on the back of supply shortages and high energy prices. Recently, the government had permitted fertilizer companies to raise output of urea manufacturing units beyond installed capacity, in order to meet shortfall. RCF fundamentals: Company has reduced debt. Stock is providing a good dividend yield of 3.35%. Company has been maintaining a healthy dividend payout of 50.47%. Debtor days have improved from 140.73 to 63.89 days. Debt to equity at 0.50 (less than 1 is good) and Interest Coverage at 7.46 (greater than 3 is good).
NSE:RCFLong
by akashbothra
Gujarat Alkalies breakout, pullback and bounce1. 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 Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Largest weekly price spread c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop after a quarterly sales growth of 65%, quarterly profit growth of 501%, TTM sales growth of 38% and TTM profit growth of 161%, NSE:GUJALKALI gave a high volume breakout on 28th March 2022 after a consolidation since October 2021. It pulled back and after taking a support at previous resistance zone bounced back today. It is a buy with a stop just below Rs.810. other fundamentals: - The company is almost debt free. Stock is trading at 1.17 times its book value. Company has been maintaining a healthy dividend payout of 20.46%. Debtor days improved from 60 in 2018 to 43 in 2021. Debt to equity at 0.11 (less than 1 is good), Interest Coverage at 43.3 (greater than 3 is good).
NSE:GUJALKALILong
by akashbothra
Shree Pushkar Bounce Back 1. 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. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Largest weekly price spread c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After consolidation since October 21, NSE:SHREEPUSHK gave a break out on 21st March 2022. It corrected to the level of Rs. 272 and gave a bounce back today. It is a buy with a stop below Rs. 270. Other fundamentals: 1. TTM sales growth of 29% and TTM profit growth of 49%. 2. Promoter stake increased since December 2019 from 65.03 to 67.03. 3. FII stake increased from 0.40 in June 2021 to 1.44 in December 2021. 4. Co. is a leading manufacturer of Reactive Dyes. It launched DYECOL™ range of Reactive Dyes to tackle environmental and sustainability issues of the textile wet processing industry. Its products are certified from “GOTS” and enjoy the privileged status of being a government recognized “Export House”. 5. Its product portfolio consists of 15+ grades of Fertilizers, all of which are distributed through its own distribution and dealership network in the states of Haryana, Punjab, Rajasthan, Uttar Pradesh, Himachal Pradesh, Uttarakhand, Maharashtra, Karnataka, and Goa. 6. Co. manufactures feed grade Di-Calcium Phosphate (DCP) which is manufactured from the waste generated in the manufacturing process of its other divisions. 7. Co. utilizes high-pressure steam from Sulfuric Acid for power generation and internal consumption. In FY21, it also started Electricity generation commissioned for two solar projects of 2.00 MW and 2.60 MW each. It planned CAPEX of 21 crs out of which 13.29 crs has been incurred. 8. The company's Unit V capex is almost complete and a dry trial run has been started in Q2FY22 with commercial production expected to commence in FY22. The planned capex for this facility was 108 crs out of which 99.47 crs was incurred until December 31st, 2021. 9. Post the CAPEX made in the manufacturing facilities and acquisitions of two new companies, the manufacturing capacity of the company is expected to rise substantially. Product - Current output (FY21) - Expected output (FY22-23E) Chemicals – 14,260 MTPA – 38,260 MTPA Fertilizers - 4,02,200 MTPA - 5,90,200 MTPA
NSE:SHREEPUSHKLong
by akashbothra
5 Jan 2022 How to apply Ninja Scalping to Bank Nifty optionsHow to apply Ninja Scalping (Pull back method) Bank Nifty intraday ninja scalping technique #Banknifty, #Charts, #market, #trading Disclaimer : Views, Videos and Presentations or any information shared in this channel are only for EDUCATIONAL PURPOSES and are not intended as any investment advice. Accuracy cannot be guaranteed on any information/data/facts provided. While taking any trade please do your own research and trade with your own risk management and responsibility. Please invest your money under the guidance of SEBI Registered Financial Analysts only. We are not not responsible for any decisions taken by you and subsequently leading to any profit or loss incurred by you.
NSE:BANKNIFTY
by AdhigamaTrading
Fin Cables- A Good Setup in Weak MarketHi All, The benchmark index (NIFTY50) has become somewhat weak now or to put it better we can say that the power of bulls is now being challenged by the bears. In this phase the trader needs to become really cautious and find some really good setups where the R:R should be given highest priority. Above is the weekly chart of one such setup. Finolex cables gave a trend reversal signal and now the stock price is aiming towards its ATH price level. It has given a good clear breakout along with volumes ( also note the volume breakout in May) while the benchmark is falling. This fact makes this setup strong. While currently the R:R is not favorable. I would wait for a pullback towards the green line which should now act as a support and any reversal signs after testing the green line would mark my entry into this scrip with 1st target at the red line. I would request to whomsoever watches this idea, give sometime to this setup, mark your own entry/exit strategies before executing this trade. Remember, a failed plan is far more rewarding than a successful guess. You can comment/message, any feedback/suggestions/applause. Like I always say, let's learn and earn together :)
NSE:FINCABLESLong
by Ankit_Oberoi
Pullback entry after breakout.After the breakout from a resistance of 170 zone, M&M FIn has entered to a new bullish territory, and is testing its previous resistance. Good signs are that a bullish engulfing candle has formed taking support of 20 EMA and RSI is also in bullish zone. Entry can be done from current levels till 173 with a SL of low of the breakout candle i.e. 171, hoping for an up move upto 200. targets can also be seen as per fibonacci levels. Any move below 165 will end its trend.
NSE:M&MFINLong
by anuragsahu614
10
Strongest among peers.Sunpharma is continously in uptrend and had given a breakout after a good consolidation. Stock has tested its resistance and got a bounce back from that zone. Here is the reason why we can take a entry here:- 1.RSI is above 60 in both weekly and daily chart, which shows strong momentum. 2.Stock is out performing both NIFTY and PHARMA index. 3.Price taking support from EMA as well as previous resistance, shows an uptrend. Entry- Above 827 SL- Below 780 1st Target- 865
NSE:SUNPHARMALong
by anuragsahu614