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Shardacropchem

SHARDACROP & DBCORP: Two Bright Spots in a Challenging MarketSharda Cropchem ● The stock price is evidently experiencing a robust upward trend. ● After a brief consolidation phase, it developed a Rounding Bottom pattern, and following a breakout, it has surged to an all-time high. ● The increasing buying volume suggests that the stock could continue to rise significantly. D.B. Corp ● The stock price is currently moving within an Ascending Parallel channel. ● After reaching an all-time high around the 404 mark, the stock experienced a pullback to its trendline support level. ● Having rebounded from this support, the stock price is now poised for upward movement.
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NSE:SHARDACROPLong
by GoodluckCapital
2
Sharda Cropchem taking support 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. First sell on initial stop loss hit or close below supertrend After a quarterly sales growth of 78% and quarterly profit growth of 111%, NSE:SHARDACROP gave a big volume breakout and came down with the market crash. It's now taking support near its previous resistance. If the bounce back continues it will be a good buy with a stop just below Rs.500. Other fundamentals: - 1. Last 3, 5, 7 and 10 year average ROE greater than 15% 2. 10 year CAGR sales growth of 18% and CAGR profit growth of 20% 3. TTM sales growth of 48% and profit growth of 29% 4. Debt to equity at 0.02, Interest coverage at 183% 5. PE of 16 is less than 10 year average PE of 18 6. Rise in registrations; strong pipeline: - Globally the company continues to focus on identifying generic molecules going off-patent and seeking registrations, strengthening its range of formulations and generic active ingredients across Europe, NAFTA, LATAM and the Rest of the World. The company is not looking for innovative products as it requires capital, time and resources primarily towards R&D. Being a generics agrochemical company, Sharda is able to proceed directly with the preparation of dossiers and seeking registrations after identifying opportunities in generic (offpatent) molecules and corresponding formulations and generic active ingredients. On 30th Sep’21, it owned more than 2,324 registrations for formulations (89%) and 286 for generic active ingredients (11%) across Europe, NAFTA, Latin America and the RoW. Besides, it has filed 1,054 applications for registrations. 7. Unique business model: - Its unusual business model in crop protection involves identifying off-patent generic molecules (or those soon going off patent), applying for and registering them in markets where demand is strong. During the identification process, it assesses margins, local competition and demand, then begins the processes for registration. It has consultants who identify particular molecules and formulations. It does not manufactures any molecules. Formulations are procured primarily from China and India. 8. Intangible asset growth: - Since Mar' 15 intangible assets increased continuously from 0 to 688.
NSE:SHARDACROPLong
by akashbothra
Sharda Cropchem taking support 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 In 30 minutes chart NSE:SHARDACROP it's taking support at the trendline. Buy if it crosses Rs. 541 with a stop at Rs. 528 for a target of Rs. 580.
NSE:SHARDACROPLong
by akashbothra
SHARDA CROPCHEM DAILY CHART ANALYSIS AS ON 26.12.2021SHARDA CROPCHEM as per daily chart analysis is in brief consolidation zone and on 24.12.2021 it had tried to break consolidation. Stock above 345 level for a target 355 level and resistance at 359 level. Nifty monthly chart forming indecisive doji , weekly chart forming bullish candle and daily chart forming a bearish candle shows this week may continue to be bearish being year end and monthly expiry in next 5 sessions.Investors may continue to book profits.Avoid fresh long positions. Nifty Support is placed at 16890 / 16837 / 16785 / 16693. Resistance is placed at 17152 / 17214 / 17378.
NSE:SHARDACROP
by UnknownUnicorn19608572