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RHIM

RHIM | Swing Trade📊 Details RHI Magnestia India ltd earlier known as Orient Refractories Limited (ORL) is in the business of manufacturing and marketing special refractory products, systems and services to the steel industry in India and Globally. It is a market leader for special refractories in India and has many global customers for its international quality products. Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:RHIMLong
by Munish_Jain
RHIM - Ichimoku Bullish Breakout Stock Name - RHI Magnesita India Ltd 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 875 #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 I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis.
NSE:RHIMLong
by nikunjbhadja
RHIM - on bull spree RHI Magnesita on path to make India low cosOne stop solution for all refractory product, system & service needs Highest revenue & highest market share in Indian Refactory Industry Market Leader in Long segment - World record of successfully casting 10000 tons through single tundish for slab caster RHIM acquiring small refractory businesses to expand their product portfolio and customer network The very strong domestic demand for steel is a tailwind to RHIM’s growth Main drivers of steel demand the infrastructure plans announced by Govt. globally and Domestically the policies announced by Indian Govt. - National Infrastructure Pipeline(NIP), Jal Jeevan Mission, PLI schemes, Vehicle scrappage policy, PMAY. Structural Shift of exports from India due to short supply from countries like China Basic bricks and specialised refractories to diverse customer profile - mini mills, PSU, large private steel plants
NSE:RHIMLong
by kastmagiic
RHIM: Towards Breakout from Strong RetracementRHI Magnesita India Ltd PC-A = PC-B #WondersOfPC Technicals: • Recently touched high at Point P1 & went down to Point P2 of PC-A • From P2, retraced strongly and entered PC-B with today's gap up, also crossed midline of PC-B • Taller green towers indicating strong built up for bullish view • RSI entered in 60 Zone • Relative strength is green Fundamentals: It is a market leader for special refractories in India and has many global customers for its international quality products. Future outlook is stronger as company is into high capex and acquisitions for capacity expansion. Recently, acquired Dalmia, unlisted leader in Refactories. As per the management, on Acquired asset: At peak can do revenues of ₹1500cr Margins of 15%-16% by FY24 For RHI Market share goes to 33% Peak net debt will be ₹1300cr Point of caution is for the Capex and acquisitions Debt portion is increased, Debt to Equity is around 1:1, earlier company was DebtFree. Good pick for long term portfolio. Today's move is because of the same reason only. For positional trade: Enter at CMP or on closure basis if today closes above 710, can enter at tomorrow's green opening Short term TGT: 830 and then 925 Positional SL on closure basis: 648 (Bcoz of today's strong move, Sl is at lower levels) Disc: Invested from Lower levels
NSE:RHIMLong
by ChartSarathi
RHIM - Ichimoku Bullish Breakout Stock Name - RHI Magnesita India Ltd 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 740 #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 I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis.
NSE:RHIMLong
by nikunjbhadja
YR 2022 Idea #170: Long on RHIMThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
NSE:RHIMLong
by onerighttrade
RHIM - Ichimoku Bullish Breakout Stock Name - RHI Magnesita India Ltd 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 700 #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 I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis.
NSE:RHIMLong
by nikunjbhadja