Chaman Lal Setia Exports LimitedCLSEL:- The stock has given a breakout by forming an ascending triangle pattern and has come for retesting. Planning with a strict stop loss. If you are planning a trade, keep an eye on the rest.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too compl
Key stats
Market capitalization
9.048BINR
Dividends yield (FY)
—
Price to earnings Ratio (TTM)
8.85
Basic EPS (TTM)
19.80INR
ISIN
INE419D01026
Sector
Process Industries
Industry
Agricultural Commodities/Milling
Website
maharanirice.in
CEO
Vijay Kumar Setia
Headquarters
Gurgaon
Employees
196
Founded
1973
Chaman Lal Setia Exports Ltd. manufactures, trades, and markets rice. The firm's products include Maharani brand basmati rice, non-basmati rice and innovative rice. Its Maharani Product range includes Basmati Rice 1121, Maharani Basmati Rice, Royal Basmati Rice and Supreme Basmati Rice; basmati product range includes Mithas Basmati Rice, Begum Basmati Rice and Nezzah Indian Basmati Rice. The company was founded on January 9, 1973 and is headquartered in New Delhi, India.
A potential multi-bagger stock (3)After PSU BANKS and sugar stocks rally
Its potentially turn for rice stocks and Railway stocks now
One can consider
NSE:CLSEL
CMP-122
Buy above-137 on closing basis
TARGET- 155 then ATH+
Stop loss- Breakdown of trendline with below 107
RSI Divergence observed
with RSI Trendline formation to
Chaman Lal : Looking Strong and Bullish
Good Day ,
Hello Traders,
CLSEL looking very strong and it had formed a big rounding bottom since May 2022 till now. It will take a little bit time to move ahead.
Next possible target 136. One can stay long with Stop Loss at 100.
Bigger target of 164 will come when it start sustaining above 136
Chamanlal Setia Exports - At all time High PointAn undervalued low debt company from FMCG sector exporting basmati rice. Now in its 52 week high with significant volumes and broken all resistance line . A good movement is expected from here . Negative cash flow is one of the main threat and which curtails the long term movement
Chamanlal Setia Exports Ltd (CLSEL)Chamanlal Setia Exports Ltd (CLSEL)
Bullish on this stock. Even with so much of panic selling in the overall market Volume on the bearish candles are not so great.
Stock is in the uptrend.
Forming Hammer candle near 55 SMA level which is also 0.382% level of Fibonacci retracement which might be a
CLSEL - Long Setup, Move is ON..NSE:CLSEL
✅ #CLSEL trading above Resistance of 136
✅ Next Resistance is at 162
✅ The company's revenue has grown 67% to Rs 676 crore YoY in H1FY23 supported by its strong position in the export market
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Emerging Rice Moghul, Chamanlal Setia!T1 - 136, T2 - 142, T3 - 150
SL close below 117
Pattern seen - Ascending Triangle
Needs to bounce up from this level for ideal entry, daredevils can always accumulate keeping stoploss in mind
Maximum Time to reach T3 is 01-11-2022
Rice stocks are doing well in general
See all ideas
Income Statement
Balance Sheet
Cash Flow
Earnings
Next:—
Revenue