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Sharda Cropchem Breakout and RetestNSE:SHARDACROP Fundamentals :- ROE for last 3,5,7 and 10 years > 15 (greater then 15 is good). Sales and Profit 5 year CAGR at 13.55% and 11.68% respectively (double digit growth and increasing sales every year since 2010). Debt to equity at 0.02 (less than 1 is good), Interest coverage at 115 (greater than 3 is good), Current ratio at 2.40 (greater than 1.5 is good). Dividend yield of 1.25% and constant dividend payer since 2014 (investor friendly). Positive cash flow company. PE (12) less than long term average PE (18.5). All in all, good fundamentals and room for growth. Breakout happened on 15th' February, now it's retesting the breakout point. Buy if it crosses Rs.344 with a stop below Rs.300.
NSE:SHARDACROPLong
by akashbothra
GMM Pfaudler breakout and retestBSE:GMM Fundamentals - Average ROE for last 3,5,7,10 years > 15% (greater than 15 is good) Sales and Profit 5 year CAGR 14% and 31% respectively (double digit growth and profit growth better than sales growth is good) Debt to equity at 0.16 (less than 1 is good), Interest coverage at 19.7 (greater than 3 is good), current ratio at 2.57 (greater than 1.5 is good) Consistent dividend payer since 2009 Free cash flow to Cash flow from operations percentage is at 50.2%, means it's a cash rich company. Other important points - 1) GMM Pfaudler (GMM) is the market leader of glass lined equipments in India with over 50% market share. 2) On June 30, 2020, GMM Pfaudler announced that it has agreed into a binding agreement with De Dietrich India (DDPS India) for the acquisition of the latter’s sole Indian manufacturing facility located in Hyderabad. DDPS is a global leader in glass lining equipments. All in all a financially stable company with good future growth prospects. Broken out above resistance levels of Rs.4040 and Rs.4177 recently with good volumes after consolidating for 4.5 months, came down up to the breakout point and now trying to move up again. 50 day EMA just crossed 200 day EMA. If crosses Rs. 4428, can go to much higher levels. Stop loss will be below Rs.4000.
GLong
by akashbothra
Trading parallel channel breakouts.NSE:BAJAJ_AUTO Simple guide on how to trade breakouts from ( parallel channel ) trading range. This example illustrates how the parallel channel breakout ideally works out. Please try and spot stocks and index that are currently either trading in a range or about to breakout for trading opportunities, Keep plotting, keep learning and trade with confidence. Feel free to message me regarding any doubt you might have. Please comment, like and share the post if you find it useful.
NSE:BAJAJ_AUTOEducation
by ShahulABCT
3
BIRLASOFT || Uptrend Support + Support Zone || 10% move expected1. We started with Daily chart to find the bias (buy/sell) & we found it is an uptrend move with price at trendline. 2. We changed to 4H and 2H chart frame to check any king of buyer's entry or green candle forming. (Able to spot 2 green candles) 3. We changed back to Hourly and later 30 Min chart to mark the key zones in short-term basis. ------- The company is fundamentally strong and hence a long position will be a good side. Even though I feel that the trend line will break but the charts are showing me a different picture. Hence one should always trade what they see and not what they feel. No matter if this trade will be a positive or not , I promise to keep my loss small & profit trailing or running till the time I can. Thanks! Don't forget to hit that like button and comment your doubts.
NSE:BSOFTLong
by Abhishek_TradersSin