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PANAMA PETROCHEM LTD.PANAMA PETROCHEM LTD.PANAMA PETROCHEM LTD.

PANAMA PETROCHEM LTD.

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PANAMAPET trade ideas

Buy Today, Sell Tomorrow: PANAMAPETDON'T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Book profits within the first 30 minutes of the market opening - Try to exit by taking 3-5% profit of each trade - SL can be taken when the 5/15 min candle closes below 44EMA - SL can also be maintained as 1% or closing below the low of the breakout candle The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Trendline Breakout in PANAMAPET Buy Today, Sell Tomorrow: PANAMAPET
NSE:PANAMAPETLong
by Kapil-Mittal
2
Buy Today, Sell Tomorrow: PANAMAPETDON'T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm everyday - Book profits within first 30 minutes of the market opening - Try to exit taking 3-5% profit of each trade - SL can be taken when 5/15 min candle close below 44EMA - SL can also be maintained as 1% or closing below the low of breakout candle Levels mentioned on the chart are calculated using Breakout Indicator Now why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Multiple Trendlines Breakout in PANAMAPET Buy Today, Sell Tomorrow: PANAMAPET
NSE:PANAMAPETLong
by Kapil-Mittal
1
Panama Petro breakout1. 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 initial stop loss hit or daily RSI closing below 40 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 2022, NSE:PANAMAPET has given a break out on 13th April. Buy with a stop at Rs.298. Other fundamentals: 1. TTM sales growth of 90% and TTM and profit growth of 186%. 2. At a consolidated level, PPL reported a healthy revenue growth of Rs. 1,114.7 crore in H1 FY2022, compared with Rs. 1,447.0 crore in FY2021 on the back of healthy sales volume and higher average sales realisations. ICRA also notes the improvement in the operating profit margin to 14.3% in H1 FY2022 against 13.2% in FY2021. The margin improvement was on the back of better realisation following healthy demand and measures taken by the company, which increased the share of high-margin products to its total revenues and inventory gains. 3. The company has a strong customer profile, including large international FMCG companies such as Dabur and Marico, and reputed players in the textile, ink and tyre sectors, and has long-term relationships with several of its key clients. The company’s customer profile remains well-diversified across several industries, mitigating the risks of a demand slowdown in any particular sector. PPL’s revenues are well-diversified in the domestic and overseas markets. Its exports account for 40-45% of its total standalone sales distributed across Africa, East Asia, South America, and Europe. The company also operates in West Asia through its subsidiary, Panol Industries RMC. Further, PPL has a diversified presence in India. A geographically diversified revenue base helps mitigate the risks against slowdown in any market. 4. PPL’s liquidity is expected to remain strong, supported by healthy cash accruals and low utilisation of its working capital limits. Further, it has no long-term debt repayment obligations and the consolidated cash and bank balance was Rs. 44.86 crore (Rs. 28.38 crore, standalone) as on September 30, 2021. The company has capacity expansion plans of Rs 100 crore over a three year period, which will be funded by internal accruals. 5. The company has delivered good profit growth of 40.00% CAGR over the last 5 years. 6. The company is almost debt free. 7. Debt to equity at 0.07 (less than 1 is good), Interest Coverage at 39.6 (greater than 3 is good), Current ratio at 2.13 (greater than 1.5 is good). 8. As on 31st March 2022, Anil Kumar Goel has 1.56% and Ramesh Damani has 1.26% stake in the company.
NSE:PANAMAPETLong
by akashbothra
Panama Petrochem - ATH Closing & BreakoutPanama Petro closed the week at an all time high. The stock has broken above the long term resistance trendline (check the namesake on the chart) and managed to close above it for the first time on a weekly basis. Stock looks good for significant short to medium term gains and can be considered for positional trade/investment. Since the stock is at an ATH, we use Fibonacci projection to come up with mid to long term targets of 410 (1.618) and 647 (2.618) Buy at CMP and on declines to 320 Stop Loss: 320 (strictly WCB) TGT: 410, 647. PS: Stock is fairly volatile and hence must be held with a weekly closing stop loss only.
NSE:PANAMAPETLong
by drupadk