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Apcotex Industries Ltd

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APCOTEXIND trade ideas

YR 2022 Idea #76: Long on APCOTEXIND This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
NSE:APCOTEXINDLong
by onerighttrade
APCOTEXIND Ichimoku Kumo BreakoutStock Name - APCOTEX INDUSTRIES. As per the ichimoiku rule, today's close is above the Conversion Line and future kumo is super bullish and chikou span is slanting upwards. All these parameters are showing bullishness. More strength will be visible once it will sustain above 645. Worth to keep in watch list for coming days. #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Rule Based Investing # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section of Trading View. Please give a like, it motivates me to do analysis and do share our channel with your friends as well.
NSE:APCOTEXINDLong
by nikunjbhadja
Trendline Breakout in APCOTEXINDDON'T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Book profits within the first 30 minutes of the market opening - Try to exit by taking 3-5% profit of each trade - SL can be taken when the 5/15 min candle closes below 44EMA - SL can also be maintained as 1% or closing below the low of the breakout candle The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Trendline Breakout in APCOTEXIND Buy Today, Sell Tomorrow: APCOTEXIND
NSE:APCOTEXINDLong
by Kapil-Mittal
2
Apcotex Breakout, Pullback and Bounce1. 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 initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After the consolidation since September 2021, NSE:APCOTEXIND gave a high volume breakout on 19th April. On 20th April it pulled back to the support level and gave a bounce on Friday. It's a buy with a stop at ₹404. Other fundamentals: 1. TTM sales growth of 85% and TTM profit growth of 267% (December quarter). 2. Average Roe for last ten years at 15%. 3. Debt to equity at 0.10 (less than 1 is good), Interest Coverage at 36.6 (greater than 3 is good), Current ratio at 1.73 (greater than 1.5 is good). 4. FII steak increased since September 2021 from 0.40% to 0.91% in March 2022. 5. About the company: Apcotex Industries Ltd is engaged in the production of various types of synthetic latex and synthetic rubber. It was started in 1980 as a division of Asian Paints, manufacturing synthetic latex and was later spun-off as a separate company under the leadership of Mr. Atul Choksey, former MD of Asian Paints Ltd. 6. The company is a leading producer of Synthetic Rubber and Synthetic Latex in India :- a. Synthetic Rubber :- Nitrile Rubber, High Styrene Rubber, Nitrile Rubber, Nitrile Polyblends and Nitrile powder. b. Synthetic Latex :- XSB Latex, BP Latex, Styrene acrylics and Nitrile Latex. It has one of the broadest ranges of Emulsion polymers in the market and is the only manufacturer of NBR (Nitrile Butadiene rubber) in India. 7. The company exports its goods to 40 countries across various industry segments. During FY21, Domestic sales accounted for 82% revenues and exports accounted for the rest 18% revenues. 8. The company's customer base includes companies like ITC, JK Paper, Pidilite Industries, MRF, SRF, Century Enka, BILT, Paragon, Ajanta, Footwear, Relaxo, Jayshree Polymers, and others. 9. Long term credit rating has been upgraded by ICRA on March 2022. a. The upgrade of the long-term rating of Apcotex Industries Limited (AIL) factors in ICRA’s expectations that the company will be able to maintain a healthy financial performance, led by consistent revenue growth and a sustained margin profile. While the prices of raw materials have increased substantially in the current fiscal, the company passed on the same to its customers and hence was able to sustain the operating margins in a range of 13-16% in the last four quarters. The company is undertaking sizeable capex, which is likely to drive revenue growth, apart from diversifying the product mix and customer mix. b. The ratings continue to draw comfort from a healthy capital structure and debt protection metrics due to strong tangible net worth and limited reliance on debt. While the metrics are likely to moderate due to the ongoing planned capex, they are likely to remain comfortable. The company’s liquidity profile has remained strong due to healthy operational cash flows and availability of healthy cash and investments. The rating draws comfort from AIL’s strong market position in the synthetic rubber and synthetic latex segments in India and its promoter background with an experience of more than three decades in the industry. The ratings factor in the company’s diversified customer base across various end-user industries. 10. Risk: 60-70% of the company's operating cost comprises of raw materials. Its main raw materials are Butadiene, Styrene and Acrylonitrile. These raw materials are petroleum derivates and hence their prices fluctuate with crude prices. 11. Quarterly results are due on 27th April.
NSE:APCOTEXINDLong
by akashbothra
INVERTED HEAD & SHOLDER PATTERN 31.01.2022BUY : 381 TO 344 TARGET : 445 TO 460 Reason For Buying This Script : In this script it is forming inverted head & shoulder patter in weekly time frame . Now the price is in right shoulder. Try to accumulate every dip. Once the price close above 460 in monthly time frame and the next target up to 538. Note : Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target. ALL THE BEST ..
NSE:APCOTEXINDLong
by dayanithi555
Strong consolidation for few months nowThis stock has seen some strong conso for some time now and the fibo level 0.5 re traced from earlier big rally. Decent volumes have been spotted today with only 1 hr of market passed by. Could be a breakout from a stronger conso and dint participate in the recent rally of small and midcaps. As a technical analyst for me the medium term sl looks at 299 on weekly closing basis. On fundamental front i havent analyzed the company Disclaimer: This is not a buy advice. One may conduct their own due diligence before buying the stock.
NSE:APCOTEXINDLong
by VigneshIyer
APCOTEX IND.... FLAG ON A POLE... BREAKOUTThe script shows a trendline breakout. A flag on a pole pattern can be appreciated. Next target 455. Most large caps have rallied along with nifty in the past 2 months. After metals, IT, FMCG, and Realty now nifty energy, and infra are doing well. The banking sector still remains an underperformer, which is likely to rally in the coming days. The auto sector might take a few more months to come out of the semiconductor/chip shortage issue. When there are no good large caps to trade with slowly we should shift gears to mid and small caps. Always watch for volatility and illiquidity while trading with small caps. Keep strict stop-loss. Capital protection is the most important thing for a trader. I'll give few small cap stock ideas this week. I dont do fundamental analysis and my suggestions are purely based on technicals. Take the trade when you are convinced with the script and the pattern. HAPPY TRADING!
NSE:APCOTEXIND
by Stock-Holmes