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Aarti Industries: Elliott Wave Analysis – Progression ...Aarti Industries: Elliott Wave Analysis – Progression of Intermediate Wave 4 Aarti Industries, a key player in the specialty chemicals sector, is currently progressing through Intermediate Degree Wave 4 in its broader Elliott Wave structure. This analysis outlines the key phases of Aarti Industries' price action, including the formation of its primary and intermediate waves, and provides insights into the current corrective phase. Aarti Industries is currently in the process of forming Intermediate Degree Wave 4, with a triangle pattern likely unfolding. The stock has completed the initial corrective waves (A, B, and C) and is now expected to progress through Wave D and Wave E before completing the pattern. The targets for the remaining waves are as follows: Wave D is expected to target Rs. 685-700. Wave E may bring the stock price down to the Rs. 500-520 range. It’s important to note that this analysis is based on the principles of Elliott Wave theory and is subject to change as market conditions evolve. This report is for informational purposes only and does not constitute a buy or sell recommendation.
NSE:AARTIIND
by imkhushal
3
Jubilant Ingrevia for 60%+ gainsDate: 3 Oct’24 Stock: Jublingrea Timeframe: Daily chart Jubilant Ingrevia seems to be in Wave III of 3 which is heading towards 1300+ (60%+ from current price of 810) as seen in the chart. Wave III could end around 940 and Wave IV could correct to 750 levels (returns would be even higher if entered at the end of Wave IV of 3). High volume and strong RSI support this stance. If the industry tailwinds remain, it won’t surprise me if the target is done in a year’s time. This is not a trade recommendation. Please do your own analysis. Jubilant Ingrevia 3 ke Wave III mein dikh raha hai jo 1300+ (800 ki vartamaan keemat se 60%+) kee taraf badh raha hai jaisa ki chart mein dikh raha hai. Wave III 940 ke aas-paas samaapt ho sakta hai aur Wave IV 750 ke star tak neeche aa sakta hai (yadi 3 ke Wave IV ke ant mein entry ki jaye to return aur bhee adhik hoga). Adhik volume aur majaboot RSI is trend ka samarthan karate hain. Yadi sector mein teji kee sthiti banee rahee, to yah koee aascharya kee baat nahin hogee yadi lakshya ek varsh ke bheetar poora ho jae. Yeh koi invest karne ki hitaayad nahin hai. Kripya apana analysis khud karein.
NSE:JUBLINGREALong
by DhandhaPaani
2
Symmetrical Triangle Pattern Breakout seen in Rossari BiotechHello Everyone, i have brought a stock which has given breakout of symmetrical triangle pattern and price is sustaining above the breakout price, stock name is Rossari Biotech Ltd, and it was started in 2003. They are among the largest manufacturers of textile specialty chemicals in India. Their 3 main product categories are:- - Home, personal care, and performance chemicals - Textile specialty chemical - Animal health and nutrition The company has two R&D facilities , one at Silvassa manufacturing facility and a research lab at IIT Bombay. We know chemical sector is not performing well from long back, but prices are suggesting in many chemical stocks that, we can see rally very soon. Well best time to enter in any sector or stock is only when there is fear in sector or market. So this can be right time to enter and accumulate as much as possible in down levels, we might never gonna to see these prices again. Stock is trading almost 50% discount from all time all time highs. If someone is thinking to take and hold for long term, then i think right choice dude. Company Overview Rossari Biotech is a Specialty-Chemicals manufacturer offering solutions for Home, Personal Care and Performance chemicals (HPPC), Textile specialty chemicals (TSC) and Animal Health and Nutrition (AHN). It offers a total of 4220+ products catering to an array of applications across FMCG, Home care, Industrial Cleaning, Personal Care, Textile, Performance Chemicals, Animal Health and Nutrition and Pet Care businesses. Market Cap ₹ 4,467 Cr. Current Price ₹ 809 High / Low ₹ 904 / 657 Stock P/E 34.2 Book Value ₹ 190 Dividend Yield 0.07 % ROCE 18.3 % ROE 13.3 % Face Value ₹ 2.00 Industry PE 38.6 Debt ₹ 119 Cr. EPS ₹ 23.7 Promoter holding 68.3 % Intrinsic Value ₹ 590 Pledged percentage 0.00 % EVEBITDA 17.7 Change in Prom Hold -0.01 % Profit Var 5Yrs 23.3 % Sales growth 5Years 28.8 % Return over 5years % Debt to equity 0.11 Net profit ₹ 131 Cr. ROE 5Yr 16.0 % Profit growth 22.1 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:ROSSARILong
by TraderRahulPal
AETHER is forming triangle patternNSE:AETHER small cap scrip is forming triangle pattern. Revenue and income is consistently growing. Dept to ratio of 0.38 might be a concern, but its actually reduced from 0.61 in 2018, which is a good sign. But PE ratio is high compared to its peers and sector PE. Its good enough to enter in 840 to 920 range, and enter more on breakout. Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common. Caution : This is a knowledge sharing analysis, not a call.
NSE:AETHER
by samplespaz
Chemcon Speciality Chemicals | CHART#15CSCL, is a Vadodara, Gujarat based company incorporated in 1988, involved in manufacture of Pharmaceutical intermediates and Oilfield Chemicals. Chemcon specialty chemicals limited is the only manufacturer of HMDS (Hexamethyldisilazane / Hexamethyldisilane) in India & 3rd largest manufacturer of HMDS Worldwide. Chemcon has share of >10% in global market. *Stock Analysis* -- CSCL has been on consolidation since its IPO on October 2020. Now it has made second attempt to break primary resistance at 470 levels. -- Good Volume confirmation -- Once it touch take support at 470 levels the next target will be 510 and then to 625 levels. -- Moving average(10, 50) has good divergence. *Important Levels to Watch* -- Entry @ 470 -- Target @ 625 -- SL @ 468 and after breakout put trailing SL Note : India's specialty chemicals market to grow to $40 billion by 2025: McKinsey Good Luck Investors❗ - GokulHari
NSE:CHEMCONLong
by GokulHari