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Shkelkar

SH KelkarPrice range of 141.15 - 142.10 is crucial one can initate the trade on a long side only if the price goes above 142.10 and sustains for 2-3 trading days. Currently the range of 141-142 is acting as strong resistance Target 1: 163/165 Target 2: 170/172 Target 3: 183++ S H Kelkar OVerview: Sector : chemicals Business: One of the india's largest player that manufactures fragrance related chemical/side-products. Fragrance portfolio of the company Personal care, hair care, skincare & cosmetic, household products , fine fragrance. Major clients: Most of the big FMCG players >> hindustan Unilever, marico, godrej consumer, Vini cosmetics, J.K. helen curtis, Britannia, vadilal, dabur, coca cola. The company has a licence of International Fragrance Association (IRFA) Positives Management of the company has changed in 2016-17 which is young. Kedar Vaze (CEO), himself a chemical engineer from IIT-B and has few patents on his name. Recently company has started to acquire small companies that are into same business. Company has completed buyback at a price of 210 (Buyback means company is buying shares of it's own company) Fundamentals: Industry p/e 23.6 Sh kelkar P/e : 12.0 This means the stock has the potential to get doubled from here.
NSE:SHK
by RishitDedhia
2
SH KELKAR SHKNote: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:SHKLong
by SENSITRADE_T