Get started

X-indicator

HLE Glascoat - Under performer may show trend reversalHello, Everyone I hope you all will be doing well in your life and investing. Here I have brought a stock that is mostly at the bottom. HLE Glascoat Ltd is the name of the stock. CMP is 402.80. 350 looks like strong support. 430 is 200 DMA. Trend reversal Only if it close above that. It may turn positive for the long term. If it close above 520 we may see long term target as per fibbo 620, 790, 920, 1050 to 1250. Not strong conviction but chances of bottom out. HLE Glascoat Ltd Source: screener.in About HLE Glascoat Ltd is in the business of manufacturing and sales of glass lined equipment and filters and dryers equipment for various industries in the country. Key Points Business Segments Q3FY24 Filtration and Drying Division (~39%) The company manufactures filtration and drying equipment for various industries. It is a market leader with greater than 50% market share. Glass Lined Equipment Division (~49%) The company is the 2nd largest domestic player, with a 25% market share in glass-lined equipment manufacturing and sales. Heat Exchange Equipment (12%) The Company completed the acquisition of 35.56% of the partnership share in Kinam Engineering Industries on 26th September 2023. Kinam specializes in the manufacturing of shell and tube and corrugated heat exchangers of up to 4,000m2. Industry-Wise Revenue Breakup Q2FY24 Specialty Chemicals- 42% API & Pharma- 39% Agrochemicals- 9% Others- 10%. Manufacturing Facilities The company owns 7 manufacturing facilities globally. and possesses the capacity of producing ~600+ filters & 2,000+ GL Equipment p.a. Capex Completed Greenfield Plant at Silvassa, and began commercial manufacturing in Q1FY23. In FY23, the Co. acquired a land area spanning ~1.30 Lakh square meters near Anand, Gujarat to establish a manufacturing plant dedicated to glass-lined equipment. Key Clientele Clients include Bayer, UPL, Sun Pharma, Atul, Gsk, BASF, Pi Industries, SRF, Zydus, Dr. Reddys, Sanofi, and others. Top 10 customers of the company account for ~35% of the total revenue in the glass-lined equipment segment and around 44% of the total revenue in the filtration and drying equipment segment in FY23. Order Book Position The company has an order book position of Rs 550 Cr as of Q3FY24 which provides visibility of 5 months for the India business and 12 months for the Thaletec business. Discontinuation of Chemical Business In May 2020, the company announced wind-down of its chemical manufacturing situated in Maroli due to its presence near upcoming residential establishments. The division accounted for ~20% of revenues in FY20. Amalgamation The company in Aug 23 proposed the acquisition of a 70% stake in Kinam Engineering Industries engaged in the manufacturing of heat exchangers. In Q2 FY24 it acquired a 35.56% stake in Kinam Engineering for ~Rs. 80 Cr and acquired a 0.50% equity shareholding in Kinam Enterprise. The Board in Feb 24 has approved the Scheme of Amalgamation of Kinam Enterprise Private Limited with HLE Glascoat. Consequent to the Scheme the Company will acquire the control over the balance of 34.44% shares (to make it a 70% controlling stake) in Kinam Engineering Industries Private Limited. Focus Its focus will be on growing its market share in the Filtration, Drying, and Glass-Lined Equipment segments in India and abroad. This is just to boost my confidence. No Suggestions for buying. Disclosure: I am not SEBI registered. The information provided here is for educational purposes only. I will not be responsible for any of your profit/loss with these suggestions. Consult your financial advisor before making any decisions.
NSE:HLEGLASLong
by Alleyshah
Nifty Trading Strategy for 02nd December 2024Nifty Trading Strategy "When the gap between S3 and R3 is narrow, the market tends to show a strong trend, either upward or downward." Buy Signal: Initiate a buy position above the high of the 15-minute candle that closes above 24225. This indicates a potential upward trend and a good entry point for long positions. Sell Signal: Initiate a sell position below the low of the 15-minute candle that closes below 24060. This indicates a potential downward trend and a good entry point for short positions. Support Levels: 23897: This is a crucial support level. If the price falls to this level, it might experience a rebound. 23440: Another significant support level where the price might find strong buying interest. Resistance Level: 24300: This is a crucial resistance level. If the price approaches this level, it might face selling pressure. Disclaimer: Trading in financial markets involves a significant amount of risk and can result in substantial losses. The information provided is for educational purposes only and should not be considered as financial advice. Past performance is not indicative of future results. Always conduct your own research and consult with a professional financial advisor before making any trading decisions. Additionally, please note that I am not SEBI registered.
NSE:NIFTY
by ramkkyy
Technical Analysis for HUDCO (Housing & Urban Development Corpor Chart Pattern: W-pattern breakout with strong volume Key Breakout: 200 DEMA breakout confirmed Trade Type: Swing trade for 6 months Entry Strategy: Buy after breakout confirmation Stop Loss (SL): ₹217 Targets: Target 1: ₹275 Target 2: ₹299 Target 3: ₹343 Monitor price action and volume for sustained momentum. Adjust stop loss as the trade progresses. #HUDCO #TechnicalAnalysis #WPattern #200DEMA #SwingTrade #StockMarket #BreakoutTrading #RiskRewardRatio #TradingStrategy
NSE:HUDCOLong
by hunterhunt777
Grindwell Norton LtdAnalysis of the Chart: The chart displays Grindwell Norton Ltd. with candlestick price action and marked levels of support and resistance. Key Observations: Price Action: The stock experienced a significant uptrend from April to June 2024, reaching a high near INR 2,900. Post-June, there has been a downtrend, with prices declining to current levels around INR 2,102. Recently, the stock has shown range-bound movement, attempting to consolidate near the marked support levels. Support and Resistance: Key Support Levels: INR 2,024: Acts as a strong historical support, as the price has bounced back from this level multiple times. INR 2,099.40–2,100: This zone provides intermediate support during the recent consolidation. Resistance Levels: INR 2,124: Acts as the immediate resistance the price is trying to break. INR 2,200: Could be the next major resistance if the stock moves upward. Volume: Not explicitly shown, but the tight consolidation suggests limited participation, signaling the need for a breakout with volume to confirm the next trend. Outcome and Interpretation: Bullish Scenario: If the price breaks above INR 2,124 with strong volume, it could attempt a rally toward INR 2,200 or higher levels. Sustained buying pressure above INR 2,200 would indicate the end of the consolidation and the start of a new uptrend. Bearish Scenario: If the price falls below INR 2,024, it could signal a continuation of the downtrend, with further downside potential. Trading Outlook: Short-Term Trend: Neutral, as the stock consolidates. Medium-Term Trend: Bearish unless a breakout above resistance is confirmed. Watch for a breakout above 2,124 or a breakdown below 2,024 to determine the next trend direction.
NSE:GRINDWELLLong
by tvihaan07
Chambal Fertiliser a 6 month consolidation will it breakout ?Chambal Fertilisers and Chemicals Ltd. is another interesting chart to keep on radar with following 1. RSI on all time frames (DWM) is at or above 60 2. Narrowing Bollinger Bands on daily chart with price walking on upper band 3. ABCD pattern under formation on weekly chart with fib-extension targets of 639-694 4. 6 month long consolidation on daily chart within channel of 440-530 zone 5. Major Supports are as under: 20 SMA (weekly) 491 20 SMA (Daily) 478 50 EMA (Daily) 483 With cluster of supports in area of 478-492 lets see if it breaks out of its consolidation or continues its consolidation Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
NSE:CHAMBLFERTLong
by rajivrajeev
Weekly Long-Term Gold Trading for 2025–2026Hello everyone. Given the global market's demand for gold, the economic climate of the Middle East War, and Trump's business strategy for the global market, this is gold's long-term chart. For a while, gold was being sold for long-term holding. The global markets' bullish trends reversed a year after Trump's new tax conditions, and the middle east is expected to be unstable in the years to come. However, global markets do not record profits following COVID-19. Bull Run will continue until October or November of 2025. Profit was booked, bearish condition was restored, and then the gold trend reversed. Gratitude
FOREXCOM:XAUUSDLong
by dudivinod
1
Nifty 50The chart shows an analysis of the Nifty 50 index with three indicators: Price Movement (Candlestick Chart): The Nifty 50 has shown an uptrend from early 2024 until mid-2024, followed by a correction or consolidation period, and is now attempting to recover slightly. The price is currently at 24,131.10, up 216.95 points (0.91%) for the day. Relative Strength Index (RSI): The RSI is plotted with a 20-day moving average and has displayed multiple bearish crossovers (marked "Bear") throughout the period. This suggests several points where momentum weakened during rallies. Currently, RSI is around 47.58, indicating a neutral momentum (neither overbought nor oversold). A recent "Bull" signal suggests improving momentum after a recent downtrend. On-Balance Volume (OBV): The OBV line shows steady accumulation throughout the period, indicating sustained buying interest despite short-term corrections. Currently at 108.1 billion, the OBV trend aligns with the long-term uptrend in price. Outcome and Analysis: Bullish Signs: OBV suggests long-term strength, with no major distribution phases visible. The latest RSI crossover ("Bull") could indicate a potential short-term recovery. Bearish Signs: Several "Bear" signals in RSI earlier indicate that momentum has been weakening on rallies, consistent with the broader correction seen in the second half of the chart. Key Observations: Watch the RSI and price movement for confirmation of further strength. A break above key resistance levels in price and RSI moving above 50 will confirm bullish momentum. If RSI fails to sustain above 50 or OBV flattens, further corrections are possible. This is a mixed outlook with a slight tilt towards recovery, but confirmation is needed from price action and volume.
NSE:NIFTY
by tvihaan07
Zuari Agro for 60%+ gainsDate: 1 Dec’24 Symbol: ZUARI Timeframe: Weekly Zuari Agro Chemicals currently seems to be in Wave (iii) of III of a much larger third wave and is heading towards 400 (60%+ from current price of 240), as seen in the chart. Its ATH price is 690. The company in its Sept quarter results has posted highest net profit since March 2023. The stock is trading at a low PE of 5.6 while industry average is 18. This is not a prediction but a possible wave count. This is also not a recommendation to trade or invest. Please do your own analysis. Feel free to send in your views in comments or on X. HINGLISH VERSION Zuari Agro Chemicals vartamaan mein bahut badee 3rd Wave ke Wave III (iii) mein hai aur 400 (240 ki vartamaan keemat se 60%+) kee taraf badh raha hai, jaisa ki chart mein dekh sakte hain. Is stock ka all time high (ATH) 690 hai. Company ne apne Sept quarter results mein March 2023 ke baad se sabse adhik net profit kamaaya hai. Stock 5.6 ke kam PE par trade kar raha hai jabki industry average 18 hai. Yah koee bhavishyavaanee nahin balki sambhaavit Wave count hai. Yah trade lene ya invest karne ki bhi salaah nahi hai. Kripya apana vishleshan khud karen. Aap apne views comment kar sakte hai yahan ya X (Twitter) pe.
NSE:ZUARILong
by DhandhaPaani
Gold Trading Strategy for 02nd December 2024Gold Trading Strategy Buying Strategy: Buy Trigger: Initiate a buy order if the price closes above the high of the candlestick at 2661. This suggests a potential upward momentum. Support Levels: 2632: A minor support level where the price might find temporary support. 2617: A stronger support level, indicating a possible reversal or consolidation zone. 2574: A major support level, suggesting a significant buying interest at this price. Selling Strategy: Sell Trigger: Initiate a sell order if the price closes below the low of the candlestick at 2646. This suggests a potential downward momentum. Resistance Levels: 2682: A minor resistance level where the price might face temporary resistance. 2705: A stronger resistance level, indicating a possible reversal or consolidation zone. 2725: A major resistance level, suggesting significant selling interest at this price. Disclaimer: This analysis is provided for informational purposes only and should not be construed as financial advice. Trading involves risk, and you should perform your own research or consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
OANDA:XAUUSD
by ramkkyy
pel swing trade for 2 monthsChart Pattern: Breakout of Inverted Head & Shoulders Volume: Strong, confirming breakout Risk-Reward Ratio: Favorable Trade Type: Swing trade for 2-3 months Entry Strategy: Buy after breakout confirmation Stop Loss (SL): ₹1050 Target: ₹1570 Monitor volumes and price action to confirm continuation. Adjust stop loss as the trade progresses. #PEL #TechnicalAnalysis #InvertedHeadAndShoulders #BreakoutTrading #SwingTrade #StockMarket #RiskRewardRatio #TradingStrategy
NSE:PELLong
by hunterhunt777
Advanced Trading The intended reason that companies or investors use options contracts is as a hedge to offset or reduce their risk exposures and limit themselves from fluctuations in price. Because options traders can also use options to speculate on price or to sell insurance to hedgers, they can be risky if used in those ways. In all, it is not gambling but is a type of speculation hence a government employee and PSU servants are not allowed to trade in options.
NSE:NIFTYEducation
by SkyTradingZone
1
Technical Analysis for Hindustan Aeronautics Limited (HAL): Technical Analysis for Hindustan Aeronautics Limited (HAL): Trade Type: Swing trade Key Levels: Last Support: Holding strong support Trendline Breakout: Confirmed Reversal: Bouncing off the 200 DEMA Nearby Fib Level: Close to the 61% Fibonacci retracement level Entry Strategy: Good risk-to-reward setup Stop Loss (SL): ₹3896 Targets: Target 1: ₹5655 Target 2: ₹6664 Monitor price action and volume closely for confirmation. Adjust stop loss and strategies as the trade progresses. #HAL #TechnicalAnalysis #SwingTrade #TrendlineBreakout #Fibonacci #StockMarket #TradingStrategy #RiskRewardRatio
NSE:HALLong
by hunterhunt777
Data Option Trading with Professionals Options chain can be defined as the listing of all option contracts. It comes with two different sections: call and put. A call option means a contract that gives you the right but does not give you the obligation to buy an underlying asset at a particular price and within the option's expiration date. While not foolproof, option chains offer insights into market sentiment through implied volatility and open interest. High implied volatility suggests expected price swings, while option volumes can indicate potential support or resistance levels.
NSE:BANKNIFTYEducation
by SkyTradingZone
3