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HFCL: Cup with Handle patternA classic Cup w Handle pattern formation can take an entry with an SL. HFCL is at ATH and at LLR. POP Probability is looking good. Price trending above both long and short-term MA's. Please be mindful of your position sizing and have risk management in place. “If you can’t take a small loss, sooner or later you will take the mother of all losses.” - Ed Seykota Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor
NSE:HFCLLong
by rajesh066060
8
Mothersumi support @cmp. High probability trade.Hello traders another chart that caught my eyes was Mothersumi, I have analysed and traded it in the past. Mothersumi is taking support from it's long-term trendline and also from the existing channel pattern it is trading in. RSI have room for bulls. MACD looks good. Buy near - 210-215 Targets mentioned in the chart above Follow me for updates on stocks and Indices and so you don't miss potential trades. And also like the idea if you find it useful.
MLong
by this_is_shoaib
WHICH WAY COULD THE MARKETS GO FROM HERE? (BANKNIFTY)The global cues lately have not been the best and markets are correcting quite aggressively lately. BankNifty has corrected a little over 15% and Nifty close to 10% The pattern I am observing now is a triangle pattern, with both an upside possibility as well as downside. The trade plan: Bullish: Entry upon breakout above higher trendline (36,650) SL: 36,050 Target: 37,850 Risk-Reward: 1:2 Bearish: Entry upon breakdown below lower trendline (35,900) SL: 36,500 Target: 34,700 Risk-Reward: 1:2 I know that the SL and Target are quite large, hence, this would be a good opportunity to practice position sizing. Generally for smaller targets I could trade full quantities, but for this my risk is only about 100-200 points and targets around 400 points max. But considering the VIX is trading around 20, the volatility is high and larger targets can be achieved. So, if the SL and target are upto 3x my normal trades, this where I will cut down my positioning by 1/3. Example, if my full quantity is 150 (6 lots), I will only trade 50 (2 lots) which is exactly 1/3. This will ensure that larger SL does not mean more risk in absolute terms.
NSE:BANKNIFTY
by ArcherDAVIS
TATVA ready for some good movesTatva Chintan Pharma Chem Limited is a manufacturer of a diverse portfolio of structure Directing Agents, Phase Transfer Catalysts, electrolyte salts for batteries, and Pharmaceutical and Agrochemical Intermediates, and other Speciality chemicals. WHY IT MIGHT GIVE A GOOD MOVE NOW: Tatva's IPO's QIB was oversubscribed by 185.23 times. Meaning, institutions that planned to buy 50,000 shares got only 269 shares in the allotment. After the IPO Listing, the price dropped by 20.62% obviously due to listing gains enjoyed by retailers. For 11 weeks the share price formed a base and gave good time for big hands to accumulate. On the 12th week the price broke out of the IPO Listing price with huge volumes (the day before & the day after also) Out of 5.29 lac shares traded that day, 3.23 lac were traded in the last 30 minutes. This confirms my hypothesis of the Entry of big hands during the breakout. The price then tested 2 times the IPO listing high and took good support on it. Tatva's Q2 results also dropped on 22nd October (before 3 big volume days) and the Q2 numbers beat both QoQ & YoY numbers which might be the trigger. Key Points of the Company Leading Chemical Manufacturer Tatva Chintan operates in the space of niche specialty chemicals and is a globally recognized specialty chemical player with several market-leading products in its portfolio. The co. is the largest and only commercial manufacturer of structure-directing agents for zeolites in India (second globally) and caters to a wide range of industries across the globe. Product portfolio: The company has manufactured over 154 products which can be divided into the following four broad categories Structure Directing Agents (40% of the revenue) The Company’s SDAs are quarternary salts which are chemicals used in the Zeolite application. Zeolites have varied applications it is promoted with transition metals such as copper and iron to be active for selective catalytic reduction. Phase Transfer Catalysts (27% of the revenue) PTC’s are widely used in green chemistry applications and are used for a variety of industrial processes. Phase transfer catalysts are a type of catalyst that allows a reactant to be migrated from one phase to another. Electrolyte salts for supercapacitor batteries (1% of the revenue) The Company’s electrolyte salts are used in the manufacture of supercapacitor batteries, which are used in automobile batteries and other batteries. The Company is the largest producer of electrolyte salts for supercapacitor batteries in India. Pharmaceutical, agrochemicals, and other specialty chemicals (30% of the revenue) The products manufactured by the company under this category are used in the manufacture of various pharmaceutical and agrochemical products as intermediates, disinfectants, and catalysts, and solvents. In addition, the company also manufacture specialty chemicals under this category that are used in dyes and pigments, personal care ingredients, flavor, and fragrance sectors The Company has 47 products under their SDA product portfolio, 48 products under the PTC product portfolio, 6 products under the electrolyte salts for supercapacitor batteries portfolio, and 53 products under their PASC portfolio. Manufacturing facilities The Company operates through two manufacturing facilities situated at Ankleshwar and Dahej in Gujarat, both of which are strategically located very close to the Hazira port. These manufacturing facilities have an annual installed reactor capacity of 280 KL and 17 Assembly Lines. Exports-driven The company derives a majority of its revenue through exports (71% of the revenue) with Germany, the U.S., and China together accounting for 54.20%. Its top 10 customers constitute 60% of revenue. Clientele List The customers of the Company include Merck, Bayer AG, Asian Paints Ltd., Ipox Chemicals KFT, Laurus Labs Ltd, Tosoh Asia Pte. Ltd., SRF Limited, Navin Fluorine International Limited, Oriental Aromatics Ltd., Atul Limited and many others. R&D Infrastructure The company has a dedicated R&D facility, recognized by the DISR at Vadodara, Gujarat. The company has developed 53 products in the last three years which contributed 6.5 Crs revenue for the company. Successful listing The company got listed on the secondary exchanges on July 29 2021 with a 114% premium from its issue price. The 500 Crs issue got subscribed 180 times and became the most over subscriber IPO of 2021. The issue constituted of 275 Crs Offer for sale by the promoters and a fresh issue of 225 Crs. Growth Strategies: Expanding the Manufacturing Capabilities: The Company has consistently grown its manufacturing and production capabilities. The Company’s aggregate manufacturing capacity has increased at a CAGR of 20.59% from an aggregate reactor capacity of 82 KL and zero Assembly Lines in FY2010 to 280 KL Reactor Capacity and 17 Assembly Lines as of FY21. The company will expand its Dahej Manufacturing facility and upgrade its R&D Infra with a CAPEx to the tune of 170 Crs. Expand the existing product portfolio The Company plans to continue to increase offerings in their current business segments as well as diversify into new products by tapping into segments which in the view of the company’s management have attractive growth prospects.
NSE:TATVALong
by AmanSaraf
5