FINEORG trade ideas
FINEORG | Swing Trade📊 Details
Fine Organic Industries is engaged in and outside India as manufacturers, processors, suppliers, distributors, dealers, importers, exporters of wide range of oleochemical-based additives used in foods, plastics, cosmetics, coatings and other specialty application in various industries.
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📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Broadning Pattern
📌 Symbol/Asset: FINEORG
🔍 Description: Stock is around the support.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
FINEORG - Bullish Consolidation BreakoutNSE: FINEORG is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Panic seems to be over in Fine OrganicFine Organic Industries is engaged in and outside India as manufacturers, processors, suppliers, distributors, dealers, importers, exporters of wide range of oleochemical-based additives used in foods, plastics, cosmetics, coatings and other specialty application in various industries.
Largest in India and among top 6 global players
Fine Organic is the largest manufacturer of oleochemical-based niche additives in India. It is among the six largest global players in polymer additives and among leading global players in specialty food emulsifiers.
Fine's client/customer base includes companies like Coca-Cola, Britannia, Asian Paints, Parle, Pidilite, Berger Paints etc. No individual customer accounts for more than 5% of revenue. Fine Organic’s product portfolio comprises of over 460 products including food additives, polymer additives, emollients for cosmetics, additives for rubber & elastomers, etc.
Demand for oleo-chemicals are increasing as they are green additives and environment friendly
Co. has its warehouses in the USA & Europe. It has a network of 180+ distributors connecting to 800+ direct customers and 5000+ end users. Co. distributes its products to 75+ countries across the world.
A JV company, Fine Organic Industries (Thailand) was incorporated on May 31, 2021. Further, on November 11, 2021 co. approved the termination of JV Agreement with Adcotech GmbH for FineADD Ingredients GmbH.
Awaiting land allocation from the Gujarat government. It plans to start production at the Thailand plant in Q1FY24. A decision on further capacity addition at this facility will be taken in Q2FY24. It shall take about 9-10 months to construct the facility. In order to supply material in a timely manner, the company started maintaining higher inventories at its sites in the US and Europe.
High Potential Long Trade Opportunity for 2X ReturnSubject: High Potential Long Trade Opportunity for 2X Return
Hello Friend's
I hope this message finds you well. I am reaching out to share an exciting long-trade opportunity that has the potential to yield a substantial return on investment.
After careful analysis and extensive research, I have identified a stock that exhibits strong growth prospects, solid fundamentals, and positive market sentiment. Based on my analysis, this stock has the potential to provide a 3X return on investment within a reasonable time frame.
Here are some key reasons why I believe this trade is worth considering: Stock showing bottoming out on this level as per charts and RSI is moving on above 30 and volume is above 20 DMA on the Weekly chart
1. Positive Industry Trends: The stock is part of an industry that is experiencing significant growth due to emerging technologies, changing consumer preferences, or favorable market conditions. These factors create a favorable environment for the company's growth and profitability.
2. Strong Financial Performance: The company has demonstrated consistent revenue growth, solid earnings, and a healthy balance sheet. Their financial stability and positive cash flow position them well for future growth and expansion.
3. Competitive Advantage: The company possesses a unique competitive advantage, such as proprietary technology, a strong brand presence, or a differentiated product/service offering. This advantage strengthens their market position and increases their potential for long-term success.
4. Favorable Market Sentiment: The stock has attracted positive attention from analysts, institutional investors, and market experts. This increased interest indicates confidence in the company's future prospects and can contribute to a significant upward price movement.
Please note that investing in the stock market carries inherent risks, and past performance is not indicative of future results. Conducting your own research and consulting with a qualified financial advisor before making any investment decisions is crucial.
If you want to learn more about this long trade opportunity, I would be happy to provide a detailed analysis, including supporting data and market trends. Together, we can assess the risks and potential rewards associated with this investment, enabling you to make an informed decision.
Please let me know if you want to proceed or have any questions. I am here to assist you throughout the process.
Best regards,
Ramu Maurya
Given falling wedge breakoutThe stock has given a falling wedge breakout and has been sustaining it for 5-6 trading sessions. Now it's consolidating around resistance of 4550.
Buy above 4550 (positional call so carry on day closing basis) for positional targets 4750 and 5000.
Learn & Earn,
Dr. Tanya Kumar
Fine organics making a beautiful descending triangle. Fine organics making a beautiful descending triangle. One or two breakout green candle is required now to confirm reversal. Old high is not far away. Moreover, Fine organics is a very good scrip in speciality chemicals space. Do keep in your watchlist.
Note: Not a recommendation. Only for educational purpose