Hello everyone! This is a new try from my side. These analysis is based on bottom fishing method. Meaning that the stock shows an uprising potential from the bottom. Fundamentally it can be due to any major decisions in the management or tremendous performance shown or any such positive actions. Technically, it would have shown an upmove using MA or RSI breakout...
Bottom Pick Stock.
Sharda Cropchem is principally engaged in export of agrochemicals and non-agro products such as conveyor belts, rubber belts/sheets, dyes and dye intermediates to various countries across the world.
Fundamental:-
Dividend giving stock.
Good ROCE & ROE.
Stock PE is near industry PE.
Debt is less than reserves.
Almost Debt Free.
Promoters...
Sharda Cropchem Ltd.
SECTOR: Pesticides & Agrochemicals.
52 WEEK LOW
₹ 370.50
in case the price didn't sustain at support it will give good moment at down side.
disclaimer: this is just for educational purposes only. please research by yourself or take your financial advisor advice before entering the trade.
Sharda cropchem buy around 395 to 405 or cmp add more at 330-40 if comes swing target.555-60 .long term 730-40.
This is my personal view. And level .
Do your own research and analysis before investing.
Sharda cropchem has been consolidating near strong demand zone of 400-420.
Stock has bounced from trendline which indicates confluence of support bounce
Stock can reverse before budget as chemical stocks have shown strength.
Low risk high reward trade. Stock has good fundamentals as well to hold for longer time horizon.
If you like my analysis, please like it and...
Sharada Cropchem Analasis on 16 Dec 2023
Company with promoter holding and FII holding
Good Reserve (1988 Cr) almost zero loans (20 Cr)
Keep strict stoploss of Rs 400 (on closing basis)
target 480
580 (52 Week high)
780
book profit as per your capacity
stock make strong resistance at 434 435 making good price action with higher low if break resistance after 9:20 it will give good upmove
pls support and like
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Support Area
📌 Symbol/Asset: SHARDACROP
🔍 Description: Stock is around Demand zone. We might see upside if demand zone is sustained
👉 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,...
The stock has seen a decline of over 45% from its all-time high (ATH) and is currently trading below its 200-day moving average (MA).
It is maintaining a consistent trading pattern within a range of 418 to 505, which constitutes a 20% range. The stock has found support at multiple points within this range and has experienced three movements from 418 to 505 within...
In this analysis, we'll delve into the technical aspects of the weekly chart for SHARDACROP, evaluating key patterns and indicators to offer insights into potential trading opportunities.
Trend Analysis:
The chart presents a notable breakout of a weekly rising trendline. This signifies a pivotal shift in trend dynamics. Breakouts from such trendlines often...
Recently Sharda Cropchem gave breakout and retraced thereafter for two weeks. Now stock is again showing strength. Keep on radar for closing above 580.
Sharda Cropchem is sustaining above breakout level and forming positive candle in current week after two consecutive red candle from last week. Keep on radar. Seems stock will continue upward journey.
DISCLAIMER:My post, video, presentation and writing are only for education purposes and are not intended as investment advice. I cannot guarantee the accuracy of any information provided.
I AM NOT SEBI REGISTER FINANCIAL ADVISOR
