dhanuka agri tech- strong resultsdhanuka agritech might favour in the bulls zone, if pushes to strong close
0.22%
53.70INR
2.335BINR
17.002BINR
11.541M
About DHANUKA AGRITECH
Sector
CEO
Mahendra Kumar Dhanuka
Headquarters
Gurgaon
Website
Employees (FY)
1.057K
Founded
1985
ISIN
INE435G01025
Dhanuka Agritech Ltd. is a holding company, which manufactures agro-chemicals. Its products include herbicides, fungicides, insecticides, and plant growth regulators. The company was founded on February 13, 1985 and is headquartered in Gurgaon, India.
#DhanukaDhanuka Agritech Q2 (YoY)
Profit up 39.5% at ₹101.8 cr Vs ₹73 cr
Revenue up 13.8% at ₹617.9 cr Vs ₹542.9 cr
EBITDA up 45.1% at ₹141.6 cr Vs ₹97.6 cr
Margin at 22.9% Vs 18%
Technically, waiting a closing able 900 for levels 1000+ long term 1500+
BREAKOUT, DHANUKA AGRITECH, 50% RETURNSBUY - DHANUKA AGRITECH
CMP - Rs. 840
Target - 1: Rs. 1029
Target - 2: Rs. 1272
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Timeframe - 2 months - 6 months
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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DHANUKA - Weekly Chart AnalysisAfter having a ~42% downtrend which started from July 2022 the stock have broken the trend line and mark the end of the down trend. Which means the stock can either go sideways or into an uptrend.
After breaking out of the base it went into a 12 week consolidation in ~14%range it has finally broken
DHANUKA - Weekly AnalysisIn the Weekly Chart of DHANUKA ,
we can see that, it has given Inverted Head & Shoulder breakout.
Let it retest the Trendline or enter on retest with Candles Low as SL.
Expected momentum is shown in chart.
Long Dhanuka AgritechIt looks like Head and shoulder formation for last two months with neckline at 805. Above 805, it can easily test 1,000
DHanuka levels marked --Bullish and can touch all time high DHanuka levels marked --Bullish and can touch all time high in coming months. 770 and 840 are expected in next few weeks.
Strong action in Dhanuka AgritechStrong action in Dhanuka Agritech. Keeping my eye on this stock. Sustaining above 810 will be a good breakout in this stock
Descending Triangle in dhanuka. bullish formationbullish dhanuka very good formation + long consolidation + good volume.
only for information and education purpose. please consult your adviser before investing.
#trading #long #midcap #india #agri #chart #bullish #chartpattern #priceaction #technical analysis
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