DCM Shriram - Continuation PatternA Continuation pattern is being formed. It may take some time to breakout, but it looks certain that when the breakout happens it could fly.
Strong ability to service debt as the company has a low Debt to EBITDA ratio of 0.09 times
The company has declared positive results in Dec'2024 after 3 consecutive negative quarters
PBT LESS OI(Q) At Rs 344.43 cr has Grown at 102.5 %
PAT(Q) At Rs 262.14 cr has Grown at 101.1 %
CASH AND CASH EQUIVALENTS(HY) Highest at Rs 1,756.50 cr
With ROE of 7.9, it has a Fair valuation with a 2.7 Price to Book Value
The stock is trading at a premium compared to its average historical valuations
While the stock has generated a return of 12.40%, its profits have risen by 5.3%
PEG ratio of the company is 6.26
DCMSHRIRAM trade ideas
DCM Shriram cmp 1410 by the Daily Chart viewDCM Shriram cmp 1410 by the Daily Chart view
- Support Zone 1325 to 1375 Price Band
- Resistance Zone 1430 to ATH 1474.90 Price Band
- Support Zone been tested retested good and stock now consolidating
- *Bullish Pole and Flag pattern made around Support Zone and Resistance Zone*
- Volumes are flattish to slightly falling, need to increase for fresh upside breakout
DCMSHRIRAM for 35% (approx..) Potential GainDCM SHRIRAM is showing Darvas box breakout with decent amount of volume..
b] All data is available in public domain..
CMP : 1300
TG : 1700
SL : 1165
TSL : Below 21 EMA
Stock's selection based on 5 Point Analysis:
1: Idea : Breakout.
2: Support : Volume, Delivery & VWAP.
3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up.( To view this click : sedg.in )
4: Fundamental : PE, PAT, Industry & peer PE and sector performance.
5: Timing : Entry Timing on Daily chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk .
Please consult your financial adviser before taking any decision.
DCM Shriram End of Bottom formationDCM Shriram posted fantastic Q2FY25 YoY with 95% profit. Debtor days reduced. Reduction in equity dilution. Q1 & Q2 posted improved YoY numbers with respect to sales & profit. Operating profit improved. Expecting margins and ROCE to improve. Price is just crossed above 50 Day moving average. Technical looks good. Could expect breakout soon.
Disclaimer: Not holding. Educational purpose
DCMSHRIRAM Long Base BO [Weekly]DCMSHRIRAM is showing signs of accumulations over the past 50 days and this week tried a long base BO on weekly timeframe. Considering the market conditions right now, a stock giving signs of accumulations is certainly to be taken note off.
Tracking this to see some tightness around this BO level and might get into it if a good pattern forms.
RS Score has also increased week over week , from 35 to 70 in the last 3 weeks, which is good improvement.
Weekly breakout . Can be a silver lining at the end of a tunnelNSE:DCMSHRIRAM
Time Frame :- Weekly
Study :-
Tested Twice in past .
Was in consolidation for long time(june 2021- November 2024).
Conclusion :-
₹1251 was a strong resistance. Breakout check ✅️
Time Frame:- Daily
Study :-
Was obeying Trendline
Tested trend line twice
Forming ascending wedge
Conclusion:-
Breaking of trendline . Breakout ✅️
Conformation:- Volume Breakout (breaking 20MA) Breakout✅️
Cautions ❗️:- RSI heading toward over bought zone so may correct for conformation. Do your own study before investing.
Stop loss :- Bellow previos day low
Consolidation and near breakoutStock is giving breakout of 3 year consolidation and touching ATH, trading above monthly weekly and daily Bollinger band (20,2). Also above 10 & 50 ema. A good H&S pattern is also formed in weekly. Wait for small consolidation of 2-5 days to make an entry with a logical SL, currently RR is not in Favour
DCM SHRIRAM LTDDCMSHRIRAM LTD. Weekly BreakOut.
Here is a brief description:
"DCM Shriram Ltd has broken out of its weekly resistance level, indicating a potential uptrend. This could be a good opportunity to go long on the stock. The breakout suggests a possible increase in price, making it a promising investment opportunity. However, it's essential to conduct thorough technical and fundamental analysis before making any investment decisions."
Please note that this is a general description and not personalized investment advice. It's always recommended to consult with a financial advisor or conduct your own research before making investment decisions.
DCMSHRIRAM bullish; above 990 ? - Wednesday 8-May.The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday.
"High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
DCM SHRIRAM - Swing Trade Analysis - 3rd April #stocksDCM SHRIRAM (1W TF) - Swing Trade Analysis given on 3rd April, 2024
Pattern: REVERSAL AT WEEKLY SUPPORT
- Pullback candle at Weekly Support - Done ✓
- Strong Volume candle at Support - In Progress
- Demand Zone Retest & Consolidation - In Progress
Just A View - Double Top - DCMSHRIRAM📊 Script: DCMSHRIRAM
📊 Sector: Diversified
📊 Industry: Diversified - Mega
Key highlights: 💡⚡
📈 Script is trading near neck line that is support of Double Top pattern as seen into the chart .
📈 Script may take support at 862 level and bounce back from there.
📈 One can go for swing trade for medium to long term.
⏱️ C.M.P 📑💰- 872
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Positional or Longterm Opportunity in DCM ShriramGo Long above 965.1 for Targets of 1044.7, 1124.3, and 559.4 with SL 885.5
Reasons to go Long:
1. On a Monthly timeframe the stock gave Trendline breakout. The stock was initially facing resistance from this trendline but now is taking support.
2. If we draw the Fibonacci retracement tool from the swing low (point A) to the swing high (point B) then we see stock took support from the 0.618 Fibonacci level.
3. Also a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around 0.618 Fibonacci level & the Trendline.
DCMSHRIRAM | Investment Pick📊 Details
DCM Shriram is engaged in the business of manufacturing facilities of Fertiliser, Chloro Vinyl & Cement in Kota (Rajasthan) and of Chlor- Alkali in Bharuch (Gujrat).(Source : Company Web-site )
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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DCM Shriram LtdDCM Shriram Ltd
business of manufacturing facilities of Fertiliser, Chloro Vinyl & Cement in Kota (Rajasthan) and of Chlor- Alkali in Bharuch .
monthly RSI above 55.
ROCE 19.0 %
ROE 15.1 %
Debt to equity 0.28
Promoter holding 66.5 %
Piotroski score 5.00
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