HALDYNGL Trade plan set up1. Trend - Bullish
2. Strength - Very strong
3. Pattern - Bullish Channel pattern
4. Break of channel of the upside, that may lead to stronger momentum
HALDYNGL trade ideas
Haldyn Glass - The Worst is behind themWith some of its manufacturing shut down the company still gave a good result.
Nice little breakout into new highs post result after first falling on the result.
Long at current price with stoploss below 150.
5% allocation for me since this stock is quite volatile.
HALDYNGL - Breakout OpportunityThe company is engaged in the business of manufacturing glass bottles. It manufactures vials, which are used in pharmaceutical industry, and clear bottles, which are used in liquor manufacturing, cosmetics, and food & beverages industry.
TTM EPS: 5.01
TTM PE: 19.88
P/B: 3.03
Face Value: 1
Mkt Cap (Rs. Cr.): 535
Dividend Yield: 0.70
Sector PE: 41.46
Book Value Per Share: 32.98
Positives:
Strong Momentum: Price above short, medium and long term moving averages
Company with high TTM EPS Growth
Strong Annual EPS Growth
New 52 Week High
Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
Efficient in managing Assets to generate Profits - ROA improving since last 2 year
Growth in Net Profit with increasing Profit Margin (QoQ)
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
Company with Low Debt
Annual Net Profits improving for last 2 years
Book Value per share Improving for last 2 years
Company with Zero Promoter Pledge
Stock gained more than 20% in one month
Disclaimer: I am holding this for the past 2 yrs.
NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
keep eyes on Haldyn glass it shows bearish divergenceHaldyn glass is trading at very low PE and profit is rising so good momentum in stock but it shows clear bearish divergence on weekly chart so it may be bought at lower level...Keep watching
this is just for educational purpose
disclaimer:- I am learning
Haldyn Glass - Wedge breakoutWith capacities soon to come online expect a wedge breakout.
Long above 107.50 with SL below 100.
They have undergone massive capex relative to their marketcap which would make the company more efficient.
HALDYN GLASS RetestStock coming for Retest of the Trendline. The stock is Fundamentally very Good 👍. Consolidating for some time. Best entry at the Supporting Trendline.
Trident Analysis Target according to fib retracment 83 & 89 in upside
57 is strong support in downside
HALDYN GLASS ANALYSIS Breakout on Weekly timeframe with volume after 4 years
Bullish flag and pole pattern breakout also observed
Fib retracment shows immediate target of
83 and 89
Haldyn Glass:Flag & pole pattern breakout on weekly time frameHaldyn Glass is looking good for long. Recently stock has given Flag & pole pattern breakout on weekly time frame and sustaining well. Keep on radar to add near 65-68.
HALDYN GLASS Entry 63-65, Target 74 and SL 59
Ready to swing enter and Go for long>>
Chart pattern Perfectly aligned>
Overall Bullish trend >
Haldyn Glass Breakout 1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on RSI close below 30 (or use any other method of your liking)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
After a consolidation since January 2018, BSE:HALDYNGL has given a breakout today. Buy with a stop just below ₹50.
Strengths: -
1. June 2022 Sales growth is at 71% and Profit growth is at 100%
2. Debt to equity at 0.07 (less than 1 is good), Interest Coverage at 26.8 (greater than 3 is good), Current Ratio at 3.12 (greater than 1.5 is good), FCF to CFO at 56.5%
3. Dividend yield at 0.98% (consistent dividend payer since 2011)
4. Credit rating agency has reaffirmed the ratings of the company on (please go through the credit rating report for better understanding)
5. Promoter stake increasing since March 2021
6. ADX > 30 on daily chart
Weaknesses: -
1. The company has delivered a poor sales growth of 4.38% over the past five years
2. The company has a low return on equity of 6.77% for last 3 years
3. Earnings include an other income of Rs.6.12 Cr
Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advices from your advisors before jumping in.
HALDYNGL | Good for Long BSE:HALDYNGL
Cmp : 48.10
Entry : Cmp or near 46 on retest
Target : 7%+ Always
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
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Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action
