Staying long in Gujalkali may bode well in the short termHourly charts of Gujalkali presents a compelling proposition to go long for a target of T1 860 and T2 870.. one can see an ascending channel breakout and retest & a cup and handle breakout as well...there is important resistance at 820 and 845 being previous levels from where the price reversed in the past. Need to keep stop loss of 758..one can also analyze the long term chart and see that if it breaks upward of 845 then te target of 935 is at play which was its ATH level ....market has to be favourable, its choppy now so looking only at hourly chart for short term targets...results of Q3 was fantastic
GUJALKALI trade ideas
GUJALKALI LongLooks good for a move up above plotted swing
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position
Triangle breakout in Gujarat AlkaliesIf we see the char in daily timeframe for Gujarat Alkalies, we can see a triangle breakout with rise in volume. The upper trend line in the triangle has been broken. The momentum has been very good from the past 2 candles. If the bulls support the momentum, it can easily give us more than 5% returns in the short term. This breakout might also lead to All Time High. But we can't predict anything.
Do like it :) It will motivate me to write more
Gujarat Alkalies & Chemical ready for the uptrend!🤩💸🔥Buy Gujarat Alkalies & Chemicals for Positional Trading as well as Investment💸🔥💸
Comment your views!!!🧐🤔🧐
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💡ABOUT COMPANY:
Gujarat Alkalies and Chemicals Ltd is a multi-product chemical manufacturing company and is one of the leading manufacturers of Caustic Soda Lye.
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💡Product Offerings & Revenue Mix FY21:
Caustic Soda Lye: 21%
Caustic Soda Flakes: 11%
Hydrogen Peroxide: 9%
Chloromethanes: 9%
Aluminium Chloride: 9%
Phosphoric Acid(85%): 6%
Others: 35%
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💡Products' Applications:
Its products are used by various industries viz. Textiles, Pulp & Paper, Soaps & Detergents, Alumina, Water Treatment, Petroleum, Plastics, Fertilizers, Pharmaceuticals, Agrochemicals, Plant Protection, Dyes & Dyes Intermediates, etc.
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It earned ~14% of revenues from exports in FY21.
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✅Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company posted the best Q2 result in its history & is expected to post a similarly strong result in Q3 too.
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❇️The stock had given a Multi-Year Volume Breakout in Oct 2021 & then it was in a retracement phase. With the recent Volume Breakout of the base & Volume Continuation, the stock seems to have completed its retracement & now is poised for a big rally from current levels.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Buy QUALITY stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
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LIKE, COMMENT & SHARE 😄😄😄
GUJAKALI : SUPPORT AT DEMAND ZONEHammer candle at demand zone ,expecting upswing from here
TGT - 750 & 800
SL - 590
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Help me learnCan anyone help me with this harmonic pattern reversal, if I made the correct harmonic pattern or not?
I am at the very beginning of learning chart patterns!
This is not an any buying recommendation or something, it’s just I want to understand how harmonics patterns drawn with proper coordinates
GUJARAT ALKALIES : GOOD LEVEL TO BUYRetracement on low volume ,Good to Buy at CMP
TGT - 815 & 930
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis
GUJALKALI CMP 466 Gujarat Alkalies And ChemicalsUJALKALI : CMP 466
Gujarat Alkalies And Chemicals
Breakout confirmation is on closing above 485
Short term positional target 654
Long term positional target 790
This view is for educational purpose only, please consult your advisor before investing
Disclaimer : Our tracing position is around 406
Gujarat Alkalies – Rectangular Breakout above 381 & retest DoneEntry: above 405 ie CMP
SL - 355
TRGT1 - 800
TRGT2 - 1290.9
DURATION - 2 Years
All numbers are weekly based
Bussiness model : Company produces Caustic Soda Lye, same is used in manufacturing of pulp and paper, alumina, Soap and Detergent petroleum products, few chemical production, water treatment, textiles, metal processing, mining, glass making.
Co was making around 690 net profit pre covid. Even at 10x PE Co should be valued around 6900 crs. Hence traget1 of around 800
Debt to equity : 110 crs debt vs 4771 crs reserve
Debt can be paid back with 3 months profit. So assume Co is debt free.
Net profit and sales continues to grow at stable rate only exception was 2020 Covid Year
Cash flow consistent over past 12 year.
Dividend yeild 1.9%
Book value 660 vs Market price 420 (0.63 times)
Promotor holding 46.28 above average
Volume accumulation seen on daily chart with rectangular breakout of 11 months.
Stock is currently in pull back mode after its breakout so it's a good buy around 405 or higher whenever stock gives green candle on daily chart.
There r few strong resistance (marked on chart black lines), so I'm not expecting quick profit booking on this script
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.