Doms - Breakout-RetestDoms :
Resistance breakout done and currently retesting and doji formation at support, might bounce back
DOMS trade ideas
DOMS
Prices have taken support at the 50 Day EMA along with the Daily RSI bouncing from its Oversold level.
Price correction of 18% is also in line with its past corrections.
Hence stock is expected to continue its on-going up-move to form a new high in 3300-3500 zone.
Bullish outlook would remain intact as long as price is above 2400.
Doms Industries Ltd| Long Term Momentum InvesmentIncorporated in 2006, DOMS Industries Limited is a stationery and art product company primarily engaged in designing, developing, manufacturing, and selling a wide range of these products under the flagship brand, DOMS
Financial:
Market Cap ₹ 10,224 Current Price ₹ 1,685 Stock P/E 107
ROCE 34.4 % ROE 32.8 % Debt to equity 0.41
Promoter holding 75.0 % Quick ratio 0.41 Current ratio 1.22
Piotroski score 8.00 Profit Var 3Yrs 38.5 % Sales growth 3Years 22.8 %
Return on assets 18.1 %
This stock is momentum strong stock as well as everyone knows about this company . This is going to wealth creator in long time . as per my view this is hold and patient for long term if run in our favor.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
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Watchlist-DOMS--IPO base breakout
--consolidation near breakout region
--Enter after the breakout with good volume
--Target 1800/2000
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
-- Do your own analysis and consult your financial adviser if needed
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
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 DOMS
BUY TODAY SELL TOMORROW for 5%
DOMSBased on price moving and Ema
positions Up move possibility is higher
This is only for educational purposes.
DOMSThis stock up move as per the below prediction
1.21 Ema above 50 Ema
2.50 Ema above 200 Ema
3.Price above 21 EMA
4.21 Ema retrace
5.Stock in unmoved
5.ROCE >15
6.Debt to equity<1
This is for the educational purposes
DOMS Industries Ltd - LONG TERM STOCKLTP 1450.00
Buy on dips & Hold for Long
Overview
DOMS Industries Limited, as we know it today, traces its lineage back to over 4 decades, with the formation of a partnership firm, ‘R.R. Industries’ by our founders, Late Shri Rasiklal Amritlal Raveshia and Late Shri Mansukhlal Jamnadas Rajani, which over the years undertook the business of manufacturing and sale of scholastic stationery; scholastic art material; paper stationery; kits and combos; office supplies; hobby and craft; and fine art products.
Co. is the 2nd largest player in India’s branded ‘stationery and art’ products market. It held 29% and 30% market share, respectively, in FY23 for its core products for pencils and mathematical instrument boxes.
Product-wise Revenue Bifurcation - FY23
Scholastic stationery - 47%
Scholastic art material - 24%
Paper stationery - 10.5%
Kits and Combos - 10.5%
Other products - 8%
Geographical Revenue Bifurcation
Exports - 79% in FY23 vs 76% in FY22
Domestic - 21% in FY23 vs 24% in FY22
I've Posted a detailed Video on it
Robust Growth
We launched our flagship brand, “DOMS” in 2005, which has taken large strides in revolutionising the Indian ‘stationery and art material’ industry. This was followed by a strategic partnership with a listed Italian multinational company, engaged in the supply of various ‘art materials’ and ‘stationery products’, with a global presence, F.I.L.A. – Fabbrica Italiana Lapis ed Affini S.p.A (F.I.L.A.), Italy, in 2012, which has enabled us to gain access to international markets for distribution of our products, augmentation of our R&D and technological capabilities. Later, we acquired Pioneer Stationery Private Limited, a company engaged in the business of manufacturing, selling, marketing and distribution of paper stationery products. In 2023, we acquired a minority stake in ClapJoy Innovations Private Limited, which is in the business of manufacturing and sale of ‘toys’. This acquisition is in line with our objective to increase the breadth of our product offering by entering categories that are associated through the growing years of kids, children and young adults. Further, in the year 2023, we acquired a majority stake in Micro Wood Private Limited, which is in the business of manufacturing tin and paper based packing material. This acquisition is in line with our Company’s strategy in achieving greater degree of backward integration for manufacturing.
Our manufacturing facilities are located in Umbergaon, Gujarat and Jammu & Kashmir, India. The Company’s Manufacturing activities are spread across 1.07 million square feet of built-up-area. Further, to accommodate its immediate growth plan, the Company intends to streamline its operations and enhance its manufacturing capacity for writing instrument products by adding approximately 0.20 million square feet to its Umbergaon Manufacturing Facilities.
In Jammu, current production facilities are spread across 0.07 million square feet of build-up area focused at producing wooden slats from locally sourced wood.
The Indian government has implemented several initiatives to increase the literacy rate
Some of the prominent ones are:
Samagra Shiksha Scheme
The Sarva Shiksha Abhiyan
The Rashtriya Madhyamik Shiksha Abhiyan
Pradhan Mantri Poshan Shakti Nirman Scheme
National Education Policy 2020:
National Scholarship Portal (NSP)
Digital India
Macro-Economic and Overview – Gross Enrolment Ratio of key global countries – across level of education (Primary Education (Class 1st to 5th); Upper Primary Education (Class 6th to 8th); Secondary Education (Class 9th & 10th) and Secondary Education (Class 11th & 12th) Gross Enrolment Ratio (GER) is an important tool for policymakers and educators, as it provides valuable information on access to education and helps to identify areas where improvements are needed. GER is a measure in education that calculates the percentage of students enrolled in a particular level of education (irrespective of age) compared to the total population of that age group. India’s GER for primary school education has grown from 98% to 103% between FY 18 and FY 22. Among the major economies of the world, the GER for China and India has shown growth between CY 17 to CY 21, whereas the GER of countries like USA and Germany has dropped from 104% to 103%, 105% to 101% for the respective countries.
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Rgds,
Naresh G
Sebi Reg. RA
DOMS IND CHART ANALYSIS 1.Moving averages
- 21 Ema above 50
-50 Ema above 200
-Gap between Ema seems better
2.uptrend continues observed
3.Good pivot levels
