RUCHIRA PAPER - Looking for BOThe stock has reversed from BO point of 133... And now looking for triangle BO.
Expecting fire work
RUCHIRA trade ideas
Best stocks for swing trading| high return in short termBusiness Overview:
RPL manufactures and markets different grades Kraft paper and Writing & Printing Paper for writing, high volume print and packaging.
Product & Applications:
a) Kraft Paper:
This is used packaging Industry especially
for making Corrugated Boxes / Cartons and
for other packaging requirements. The special feature of Kraft Paper is its load bearing Capacity & tensile strength
b) Writing and Printing Paper:
It is used for multiple purposes like printing
and stationery, fabrication of notebooks and writing material; the coloured paper is used
in the fabrication of spiral notebooks, wedding cards, shade cards, children’s colouring books, coloured copier paper and bill books.
New Products:
Company has launched 3 new products viz. Leher and Neer, a cup stock paper to manufacture disposable cups and Mogra, a premium paper variety crafted for wedding cards, invitations, and announcements.
Geographical Revenue Split - FY23:
Exports ~1%, Domestic ~99%
Ruchira Papers Ltd (A Future Multibagger Stock)Manufactures Kraft Paper, and Writing and Printing Paper.
Fundamentals:-
Its a Risky Small Cap,can be a Future Multibagger.
Current Price is less than book value, Graham Number & Intrinsic Value.
Stock PE is less than its Industry PE.
Its a dividend giving stock.
Good ROCE & ROE.
Promoters holding is good & No promoters pledged.
Company is continuously reducing debt & now debt is less as compare to its reserves.
Piotroski Score is 7.
Technical:-
Supports are marked as green horizontal lines.
Resistances are marked as red horizontal lines.
Stoploss is marked as orange horizontal line.
Trendline Support is market as Skyblue line.
Price is above 200 Weekly EMA, which may act as support in future.
Buy 120 - 110 - 95
Stoploss 85 or 88
Swing Tgt 150 - 160
Positional 200
Long Term 300 - 500
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
RUCHIRA : Breakout Candidate📌#ruchira : #breakoutstocks
>> Momentum Building up
>> Volume contraction visible
>> Beautiful VCP Structure
>> Good Strength & decent Volumes
Swing Traders can lock 10% profit & keep trailing
#swingtraders #trading #vcppattern
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
RUCHIRA - Weekly AnalysisIn the Weekly Chart of RUCHIRA ,
we can see that, it has mad a Inside Candle.
Also, it has spended time near Trendline
Expected momentums are shown in charts.
RUCHIRA PAPERSRUCHIRA PAPERS - Buy for the target of 135 initial and rest later oN.. CMP 120.. SL 107..
RUCHIRA - Weekly AnalysisIn the Weekly Chart of RUCHIRA ,
we can see that, it has given Big Cup & Handle breakout.
Let it retest the Trendline and then enter with SL and Targets.
Expected momentum is shown in chart.
BREAKOUT, RUCHIRA PAPERS, 56% RETURNSBUY - RUCHIRA PAPERS LTD
CMP - Rs. 143
Target - 1: Rs. 185
Target - 2: Rs. 225
.
Timeframe - 4 months - 6 months
.
Technicals - Cup and Handle Breakout
.
This is just a view by an expert analyst, please invest at your own risk.
.
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Ruchira paper- trendline breakoutRuchira paper- trendline breakout
Trendline breakout above 121 with very good volume. All ossilators shows bullish strength on chart.
Buy above 130
Sl 117
Tgt 138-147-161-175-197 as per fib & pivot level.
RUCHIRA --- 90% gains can be expected in coming monthsNSE:RUCHIRA
has given breakout above 125 on weekly time frame
can give 90% gains from here
cmp is 129
This analysis is being done for educational and knowledge-sharing purposes.
This article does not offer any kind of buy or sell advice.
All stocks are positional and are held for a short to medium period of time.
Everyone is expected to conduct their own research and analysis to determine whether my point of view aligns with yours.
Ruchira Papers: Consolidating near falling trendline on MTFRuchira Papers is consolidating near upper range falling trendline on monthly time frame. Paper sector is also getting momentum. Keep on radar.
Ruchira Paper: Inside bar breakoutRuchira paper is consolidating and forming multiple inside bars. Seems health accumulation is going on. Recently Company has declared decent results for FY 22-23. Keep on radar.
Ruchira Paper: Inside bar breakout Ruchira paper is consolidating and forming multiple inside bar. Keep on radar for fresh inside bar breakout and closing above 116. Recently company had posted all time high Revenue and PAT. Can be a good rerate candidate also.
Ruchira Papers - Breakout on weekly chartsRange of 146 - 148 good for adding positions. Target - ATH
Breakout in Ruchira Papers...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
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.
Ruchira PapersStock is coming out from good consolidation and estimated price range upside is 150-180 zone. Keep an watch n it..Results on 13th AUG and it can give sharp moves.
RUCHIRA : Perfect Double Bottom exampleRUCHIRA : On my Radar from July-18th, when trendline breakout happened on Hourly time frame.
Here is the history-
2022-07-18: ADX/DI+ are >25. Cross WK Piv Upside - Shooting Star. Close is above SMA-20 on D/Wk/M time frames.
2022-07-19: Crossing 4 week High. RSI crossing above 60 on M/W/D time frames.
2022-07-22: ADX > 28
2022-07-27: Cross WK Piv Upside, Bullish EngulfingOn Daily time frame SMA 13> SMA 34> SMA 55 & Close crossed D13 Up.
2022-07-28: Stock In Squeeze - 3 days, Gravestone Doji & Normal NR7
2022-07-29: Normal NR7 - Breakout
2022-08-01: Close Crossing 4 week High, Out of Squeeze, on Monthly time frame 20-SMA Cross Upside 50-SMA
2022-08-02: Doji Star (Watch)
2022-08-04: SMA 50 crossed SMA 100,
Based on the chart pattern, if sustains above 132.95 - we should be seeing 143, 153 and 175 levels soon.
Wait for the re-test to complete and enter after your own research.
RUCHIRARUCHIRA
CMP: 110
- Today 3 paper stocks appeared on my radar,
RUCHIRA (32% up from recent low)
SESHAPAPER (27%)
JKPAPER (16%)
Other peers:
WSTCSTPAPR (15%)
ANDHRAPAP (13%)
Ruchira Papers Limited Buy opportunityRuchira Papers Limited - Buy opportunity at lower end of the channel.
Ruchira waiting for breakoutRuchira in consolidation from Aug 21. Go long at 75-80.. Near term target 119-129
Ruchira papers break out1. 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/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Largest weekly price spread
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
after a quarterly sales and profit growth of 27% and 1365% respectively and TTM sales growth of 48% and TTM profit growth of 730%, NSE:RUCHIRA gave a high volume break out today from an 8-month long consolidation zone. Buy with a stop around rupees 92.
Other fundamental:
1. According to stock market experts, paper mills are least affected by recent global triggers like Ukraine-Russia war, soaring crude oil price and other commodity prices ascending to its multi-month highs. In fact, unlock theme has fueled demand for papers as schools and other educational institutions are reopening now. Recently pulp and waste paper prices in the international markets have gone up that may give margin benefits to the paper mills in upcoming quarters.
2. The Company has a manufacturing unit in Sirmaur, Himachal Pradesh. The current installed capacity stands at 400 TPD. This includes 250 tonnes per day of Kraft Paper and 150 tonnes per day of writing and printing paper. It also has a 8.1 MW captive power plant at its Kala Amb facility which helps source 100% of the power requirement of writing & printing paper from within.
3. The Co launched white copier paper and bleached kraft, which is used for the manufacture of carry bags with quality equivalent to the imported grade of bleached kraft in the market. The newly launched product constituted 12% of the revenues from writing and printing papers in FY21.
4. The Co is focusing on repayment of its long-term borrowings in FY22 and derisking of the balance sheet.
5. Stock is trading at 0.98 times its book value.
6. Promoter holding has increased by 1.36% over last quarter.
7. Debt to equity at 0.22 (less than 1 is good), Interest Coverage at 6.84 (greater than 3 is good), Current ratio at 1. 63% (greater than 1.5 is good).
8. Sector leader in terms of one month and six months' return.
