Trade ideas
Agar Ind Trendline Breakout in 1HR TFAgarwal Ind has given a Trendline Breakout in 1HR TF with volumes.
Closing above 870 can make this share to Test its ATH
CMP:845
Tgt: 900,940,1000+
SL: 780 below WCB
Chart only for Educational Purpose
Agarwal Industrial corporation Company specializes in the manufacturing and trading of Petrochemicals, with a primary focus on Bitumen and Bituminous Products. The company is actively involved in the logistics operations related to bitumen and liquefied Petroleum Gas
Cup pattern spotted in Agarwal industrial corp limited Go long
For 50% upside, its trading near support
Management is giving good guidance for next 3 4 quarters
AGARIND | Positional Trade📊 DETAILS
Sector: Others-Industrial Gases & Fuels
Mkt Cap: 1,603 cr
Agarwal Industrial Corporation Ltd is primarily engaged in the business activities of manufacturing and trading of Petrochemicals (Bitumen and Bituminous Products), logistics of bitumen and liquefied Petroleum Gas and energy generation through Wind Mills.
TTM PE : 16.52 (High PE)
Sector PE : 17.26
Beta : 1.07
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
2.45% away from 52 week high
Outperformer - Agarwal Industrial Corporation up by 13.87% v/s NIFTY 50 up by 0.2% in last 1 month
📈 FINANCIALS
Piotroski Score of 5/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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Agarwal Ind - Detailed Analysis - Multibagger IDEAFACT FILE
Company is primarily engaged in the business activities of manufacturing and trading of Petrochemicals (Bitumen and Bituminous Products), logistics of bitumen and liquefied Petroleum Gas and energy generation through Wind Mills
In Budget 2023 Road ministry got a 36% hike in allocation at Rs 2.7 lakh cr for 2023-24,to help the ministry meet the 25,000-km road development target announced in the 2022-23 Budget. This development pace is creating a huge demand for road materials, thereby our responsibilities of catering Bitumen has further increased. The market opportunity is tremendous and we have captured almost 20%-30% of the bulk market share in Bitumen in the private sector. Expecting strong growth in infrastructure activity and based on the current market trend and order pipeline, we have a strong guidance of sustainable long-term growth
The company undertakes transportation activities for itself and for reputed corporates like BPCL, HPCL & IOCL
The company started its shipping activities business in FY20 from its wholly owned subsidiary based @UAE
It acquired its first vessel - "BITUMEN PRINCESS" which commenced operations in May 2019. The ship is primarily used to import bitumen from UAE back to India.
Presently, the company has 4 different business segments :-
1. Manufacturing and trading of Bitumen & value added Bituminous Products
2. Co. has large fleet of specialized Bulk Bitumen & LPG Tankers (Logistics)
3. Generates power through wind mills situated in Jaisalmer and Dhulia.
4. Undertaking of various ship/ vessel/ ocean related activities through its wholly owned subsidiary
GROWTH OPPORTUNITIES - FACT FILE
• Rising consumption with increasing Y-o-Y demand creating opportunities for Constant production.
• Bitumen consumption in India is one of the lowest among top 10 countries by road network, creating future growth opportunities.
• India has the second-largest road network in the world at about ~64 lakh kms providing large maintenance opportunities Y-o-Y.
• Large road network compared to vis a vis peers with low bitumen consumption providing opportunities.
• Making India’s growth a reality –
Infra spend on roads and large quantum of repair and maintenance causing demand and recession free growth momentum.
Huge opportunities across business segments
Bitumen will continue to outperform Cement roads.
Safety concerns in concrete roads higher as vehicles likely to slip or slide owning to rain and snow.
Cement roads have high initial cost of construction
Greater maintenance issue as whole slab has to be replaced when roads rupture.
Paving cost for cement roads are higher compared to bitumen roads.
Company has plans to enter into the Bitumen market in North region of India, to increase its customer base and revenue
CONTINUING MARKET LEADERSHIP IN BITUMEN IN INDIA
INDIA’S LARGEST BITUMEN COMPANY IN PRIVATE SECTOR
Eight large bitumen logistic vessels having total capacity of 48550 MT, through our Wholly Owned Subsidiary, AICL Overseas – FZ LLC, which are used in importing raw bitumen from Oil Producing Countries.
Continuous addition of vessels to support Core business FY 2020 1 Vessel with capacity 4750 tons FY 2021 2 Vessels with total Capacity 7400 tons FY 2022 addition of 2 Vessels with total Capacity to 16500 tons FY 2023 addition of 3 Vessels with total Capacity 19900 tons.
Integrated infra-ancillary company focused on bitumen. Market-leading position in bitumen built on presence throughout the supply chain with 8 Bitumen logistcs vessel of 48550 MT. ton of Capacity 650+ Fleet Size Consisting of 350+ Bitumen Tankers & 300+ LPG Tankers
Long Term Target Minimum 3x - Had recommended earlier when it was 640 odd
For more info - Visit my Profile
Regards,
Naresh G
SEBI Reg. RA
If you liked the IDEA - Don't miss to BOOST it
AGARINDVolatility Contraction Pattern is popularized by Mark Minervini, who is a two times US Investing Champion. Last year he won the championship with a record-beating 300+% in the year. He primarily uses VCP for his trading setups. It is a twist on the ascending triangle pattern with some variation.
It has the following characteristics:
The Stock must be in stage 2 uptrend.
A period of price consolidation must take place in thebase.
Price consolidation occurs after a stock has moved up in the price, the consolidation (or correction) is a constructive chart pattern that allows the stock to digest the bullish price movement.
Price volatility must contract through the base (from left to right).
During this period of price consolidation the stock price will correct.
Price must correct through a series of smaller contractions.
Each contraction should be tighter than the last, representing the absorption of more weak holders. Ideally this pattern has between2-4 contractions.
AGARINDAGARIND
look like ascending triangle, ready to breakout
Buy above 957 | Tgt 980, 995 and 1050 | sl 930
It is my view, to trade on your own analysis
AGARINDSwing Trade Study
Time period for target- 25 days
Study -
After an uptrend exhaustion of the stock, Corrected a small downside then it started consolidate near support of 870 in rectangular box pattern
Target - 23% from 886 levels
Resistance - 920,958 (above which target may come faster), 1018
Supports -870,828,800
This chart is only for educational Purpose. Do your own study before taking any trades.
AGARWAL IND | 5 YEAR BREAKOUT | SWING TRADEAgarwal industries has given a 5 year long breakout. We can expect a good momentum
AGARINDAGARWAL INDUSTRIAL
AGARIND: Head & Shoulder Pattern Breakout & Re-Tested CMP@920.50 Targets 1020-1120-1220-1320+++
AGARIND SWING TRADE1. Breakout of resistance zone.
2. Created flag pattern
3. Breakout of Flag pattern
Excellent Risk:Reward -- expecting atleast 1:5
Not a recommendation
AGARINDabove 850...3 touch trendline concept...multiple pocket pivots in the base...!! tightness also present in the base!!!
Long position Agarwal industrial long
Stop loss 2% of support
Target big for long term....
Only for educational purposes ....
6 Year of Multiyear Breakout at AGARIND6 Year of #Multiyear #Breakout at #AGARIND (Agarwal Industrial Corporation Ltd) Weekly Chart. It's outperformed the #Nifty. Keep it on your watchlist. An important point is that big bulls (Ashish Kacholia ) are also invested in it.
From December 1, 2022, I compared AGARIND to the #Nifty and its peers in the sector and found that it just started outperforming both of them.
ONLY FOR #educational NOT SEBI REGISTERED #LEARNEARN
It's my analysis, and it's 100 percent possible that I'm wrong. So, please don't believe in me; do your own analysis before investing.
Cup & Handle Pattern BO in Progress in Monthly TF- Bigger the time frame stronger the BO
- confirmed BO will be if the monthly candle closes above the resistance
- High volume during BO
AGARIND BULLISHBuy this stock on every dip , very undervalued stock ,can cross 1000 in coming sessions
AGARIND - Weekly AnalysisIn the Weekly Chart of PRSMJOHNSN ,
we can see that; after the Failure of Cup & Handle, the stock went sideways for almost an year.
it is now showing a good up move.
Enter at 620-623 with SL as 603 and target as 770.
Book profit with 1:9 Risk Ratio at 770 and exit.
Good Buy in range of 680-700 with SL of 650It should boom once it breaks out of the zone with good volumes.
AGARIND (W)💥Rounding bottom/Base /IH&S Pattern
💥Pe less than ROCE n ROC
💥Promoter holding has increased by 3.58% over last quarter.
💥Debt less than 1 (.50)
💥ICR more than 3 (8)
💥 Expected to give good quarter
Agarwal Industrial -Cup & Handle Pattern Breakout..Agarwal Industrial - Stock Has Formed Cup & Handle Pattern Breakout Daily Time Frame. Entry Above-725.Expect a Target-1000.Stop Loss-618 Closing Basis. Only Education Purpose.
