20MICRONS | Swing trade opportunity with good RRRSwing Trade opportunity.
CMP: ~ 91.50 ( Buy @ ~ 93.40)
SL: ~ 87.25
Target: ~ 107.30 | ~ 119.70 | ~ 139.75
( Targets calculated on the basis of Fib. and previous swings )
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial
Key stats
Market capitalization
2.356BINR
Dividends yield (FY)
—
Price to earnings Ratio (TTM)
5.65
Basic EPS (TTM)
12.25INR
About 20 MICRONS LTD
ISIN
INE144J01027
Sector
Process Industries
Industry
Chemicals: Major Diversified
Website
20microns.com
CEO
Atil Chandreshbhai Parikh
Headquarters
Mumbai
Employees
500
Founded
1987
20 Microns Ltd. engages in the manufacture of micronized minerals. Its products include ground calcium carbonate, dolomite, hydrous kaolins, calcined kaolins, talcs, natural barytes, buff colored, synthetic barium sulphate, matting agents, and flame retardants. The company was founded by Chandresh Shantilal Parikh and Bhanu Patel on June 29, 1987 and is headquartered in Mumbai, India.
20 MICRONS 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 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%
20MICRONS -- Will this sustain the move? Looking at the recent move with good support on volumes, if the stock can sustain the momentum and cross the 106-108 hurdle, we can see strong upside movement.
2022-07-18: (72) Cross WK Piv Upside, Doji Star, on Daily/Monthly timeframe Close above 20 SMA.
2022-07-19: Today Volume is highest i
Can give an upmoveThe stock has given a strong closing obove 20 EMA and testing it's strong trendline and resistance zone.
Buy above 94.5 level for further upmove.
Intraday can give 1-2% move and positional 4-5% move. Positionally carry only if the day closing candle is above the trigger. It's a cash stock so take
See all ideas
Income Statement
Balance Sheet
Cash Flow
Earnings
Next:—
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Revenue
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