Tanfac industries highly possible to hit 2468 on or before ( 14th Aug 2023 ) Gap pending at 1690 will some how fill either after 2468 or before . Disclaimer : It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
++ (Stock PE) 29.9 < 33.2 (Sector PE), Debt free, 41.4% CAGR - 5 yrs, ROE 36.4% - 3 yrs, ROCE % 47.72 -- No / Less FII / DII holding A quality stock to be bought on dips without fail.
can expect 20-30%, we can see formation of cup so upon break out can take positon , sl would be below handle
Incorporated in 1972, Tanfac Industries Ltd is a joint sector company promoted by Aditya Birla Group, which holds 25% stake in the company, and Tamil Nadu Industrial Development Corporation (TIDCO). The company began commercial production in March 1985 and is amongst the leading producers of Hydrofluoric Acid and its derivatives. Tanfac is engaged in the...
Posted good Q3 numbers, let us see what next here after
The stock is out of consolidation period and will rise upwards!! See chart for targets
Broke out on the back of great results. Can be a multibagger from here. BUY GUIDANCE: Never buy before 3PM . I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move,...
Tanfac industries in rising channel , at lower end of channe
Resistance 220, support 180. Expect consolidation for a few more weeks, say a month.
MACD and Ichimoku conditions are also very favourable. Depends on overall market conditions. Comments welcome. Please let me now if any mistakes. This is my personal view only. Not any kind of suggestion.
Immediate resistance at 235, if crossed, intermediate term target is 290
Not able to cross resistance. If it is able to close above 238 tomorrow and remains bullish, intermediate term target is 400
Bullish. Support is at 170, resistance at 200, if it turns bullish above resistance, target is 314
Support 245, target 390-400 in intermediate term
Support is at 236, resistance is at 378, if it is able to cross on closing basis and remains bullish then 520 will be the target
Tanfac although bearish, may find support at 227, a very strong 1/1 support. If bullishness returns, intermediate target will be 350