Bodal Chemicals: Breakout with good volumeBodal chemicals is breaking out with good volume. Looking good for a target of Rs 110 in short term.
Key stats
Market capitalization
7.253BINR
Dividends yield (FY)
1.39%
Price to earnings Ratio (TTM)
10.16
Basic EPS (TTM)
5.50INR
About BODAL CHEMICALS LTD
ISIN
INE338D01028
Sector
Process Industries
Industry
Industrial Specialties
Website
bodal.com
CEO
Suresh Jayantilal Patel
Headquarters
Ahmedabad
Employees
2.025K
Founded
1986
Bodal Chemicals Ltd. engages in manufactures and sells dyestuffs, dyes intermediates, and other chemicals in India. The firm's dye intermediates include vinyl sulphone ester, ortho anisidine vinyl sulphone, meta ureido aniline, H. acid, Bronner's vinyl sulphone, vinyl sulphone paracresidine base, 6-nitro 1-diazo-2naphthol 4-sulphonic acid, sulpho para vinyl sulphone, sulpho tobias acid, vinyl sulphone ester of 2:5 di methoxy aniline, sulpho ortho anisidine vinyl sulphone, F.C. acid, 1:2:4 diazo, KÂ?acid, benzedine di sulphonic acid, benzanilide vinyl sulphone, and gamma acid. It also provides reactive, acid, and direct dyes for textile, leather, and paper industries; and sulphuric acid, chloro sulphonic acid, liquid SO3, oleums, beta napthol, linear alkyl benzene sulphonic acid, and acetanilide that are used as raw materials for the production of dye intermediates. It also exports its products. The company was founded on September 24, 1986 and is headquartered in Ahmedabad, India.
STOP LOSS. AND WHY IT IS IMPORTANT TO TRADERS.A few pointers on why Stop Loss is a necessity for those who trade.
BODAL CHEMICAL 4H chartBodal chemical is in pullback in weekly chart
So looking for long trade in 4H chart
BODAL CHEMICALBodal chemical has done breakout of Inverted Head & shoulder and completed retest also.
It is under right shoulder of bigger IH&S.
Wait for best entry and take position for 130 target with SL of 78
BODAL CHEMICALS. A FUTURE MULTIBAGGER.This is the detailed analysis of Bodal Chemicals explained in the chart published above.
DISCLAMER- This analysis is for educational purpose. However the one who is considering this idea kindly follow proper risk management.
FOLLOW FOR MORE.
Thank You...
BODALCHEM | Strong demand zone + Wedge breakout aheadBODALCHEM | Strong demand zone + Wedge breakout ahead - Excellent risk reward with doubling potential
CMP : 93 (Dip : 86)
SL : 75
Target : 180
1:5+ risk reward setup from dip
Bodal Chemicals, Inverted HnS on weekly, BUY on dips upto INR 60Weekly / Daily chart has formed a Inverted HnS pattern, buy on dips upto INR 60 with Stop Loss of INR 55 and targets can be INR 80-86-95-105-120
Bodal Chemicals LimitedReversal from demand zone in Bodal Chemicals Limited. also there is bullish MACD crossover
BODALCHEM BULLISHFLAG RISK REWARD 1:2BUY CMP
SL-134.5
TGT- 163
TAKE MIN RISK REWARD 1:2
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
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