Setting up nicely Setting up nicely
EKC
+ Retest done and now forming a smaller base
+ Good Volume build up
+ Trading above Key EMAs
EKC trade ideas
EKC | Looks good for 50-70% EKC | Looks good for 50-70%
CNG cylinder, industry cylinder manufacturer company.
Technical + Fundamental both are extremely good
Swing TradeEKC CMP 205
Buy dips till 199
SL CLB 195
Target 240 & More
Pls Boost this idea & Visit my profile for more info
Rgds,
Naresh G
SEBI Reg. RA
Everest Kanto Cylinder Ltd#,EKC
CMP ₹.200.36
An Indian company with a strong international presence , specialized in the manufacturing of high pressure cylinders to industrial, automobile and medical fields.In long run company have a good growth perspective especially due to the global pushtowards clean energy solutions like CNG & hydrogen. Technically company is showing a positive momentum.Also tending to complete a round bottom pattern with completion of another 2 same patterns inside the parent one. Nearly 50% growth can be expected in a 6 months time if the expected round bottom pattern fulfills.
Support @ ₹.150 levels.
Disclaimer : Post only for educational purpose. This is not a buying/ selling recommendation. Iam not a SEBI registered analyst .Do your own analysis and act accordingly.
Everest Kanto cmp 202.70 by Weekly Chart viewEverest Kanto cmp 202.70 by Weekly Chart view
- Support Zone at 162 to 170 Price Band
- Volumes are steadily rising week after week with good traded quantity
- Stock Price is well above EMA 21-50-100-200 and going upwards steadily
- Stock is very much in decent upside momentum on Daily and Weekly Charts
- Weekly basis Support at 181 > 155 > 128 with the Resistance at 235 > 267 > 297
EKC , Good For Long (Monthly Chart)CMP -200
Entry Price - above 142 (Day closed recomended)
SL- 123 (Closing Basis)
Holding Time- As much as you can .
Chart Type - Monthly
Education Purpose only, not recomended for Buy and Sell,
Everest Kanto .. multiple technical Aspects!!!Hello 👋
It's a packaging industry stock.
* Stock is in uptrend
* Multiple technical confirmations..
* 2 Cup & Handle marked on chart
* Also it's inverse H & S pattern.
* Strong volumes since few weeks as FIIs increased their holdings
* Price steadly going towards upper channel. Trend line also broken and retest.
* If price sustain above 207, can go towards next pivots as 238 & 247..and support is at 175 - 148 range
* Stock already moved 10% yesterday..
It's my view plz DYOA. No buy or sell recommendation 🙏
Please boost my idea if you find it useful 😉
Thank you.
Another good stock to enter at this level EKCStock has been analyzed based on my trendline analysis. Please note that levels given are for training and educational purpose only. Please do consult your financial advisor before investing in the stock
EKC Ltd chart looking good with a cup patternEKC Ltd chart is looking good as it has formed a cup pattern. Seems that it is getting ready to make a handle and then give a breakout above 182. Once it crossed 185, next targets are 235, 383, 325, 365 and beyond. Immediate SL- 150 and bearish below 145.
EKC CMP 190
SL 168
Keep on adding till 176
Target 210,240(weekly basis)
Tehnicals
Stock has crossed 175 level after Feb2024
Huge deliverable volume 22lakh today nearly.
RSI 66(weekly) suggest still fuel left for upside
Fundamentals
Good promoter holding 67%
FII has increased share by 0.7% to nearly 1.44% in previous quarter.
Not very impressive ROCE 11% and ROE 9%
Disclaimer:- I may or may not be holding this stock. This is not any buy or sell recommendation, this analysis is just for educational purpose. Take any buy or sell call after consulting your financial advisor.
Keep Learning, Keep Growing, Keep Trading!!
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 EKC
BUY TODAY SELL TOMORROW for 5%
EVEREST KANTO CYLI STOCKNSE:EKC stock is break the triangle pattern.
Buy entry is break and sustain above the 155 Rupees,
Target 1 is 165 to 169 Rupees,
Target 2 is 178 Rupees,
Target 3 is 190 to 195 Rupees,
Target 4 is 210 to 218 Rupees,
stop loss break and close below the pattern.
EKC - Rounding bottom with huge volumeClear rounding bottom with volumes.
Targets(T1, T2, T3 & T4) mentioned along with expected time frames. Adding stop loss from now on(marked as SL).
Disclaimer: No recommendation
Best stocks for swing trade | Top stocks for investmentsProduct Portfolio & Applications
CNG Steel Cylinders, Industrial Cylinders, Medical Oxygen, and Cylinders For Hydrogen Gases. These cylinders are used for high-pressure storage of gasses such as oxygen, hydrogen, nitrogen, argon, helium, air, etc, and find applications in a wide variety of industries such as manufacturing, fire equipment /suppression systems, medical establishments, aerospace/ defence and automobiles.
Product Mix FY23
CNG Cylinders- 48%
Industrial Cylinders- 27%
Jumbo Cylinders- 20%
Trading Sales- 5%
Revenue Mix FY23
Cylinders - 96%
Castor Oil - 2%
Others - 2%
Geographical Split
The company sells its products in all states across India and also serves 25+ countries across Europe, USA, South America & South-East Asia.
India - 62% in 9M FY24 vs 66% in FY20
UAE - 18% in 9M FY24 vs 18% in FY20
USA & Hungary - 20% in 9M FY24 vs 17% in FY20
Clientele
The Company has a 150-strong client base consisting of OEMs like Bajaj Auto, Tata Motors, Ashok Leyland, Ve Commercial Vehicle, M&M, etc. It also supplies CNG storage cascades to CNG stations and City Gas Distribution vendors like Torrent Gas, HPCL, IOCL, Adani Gas, etc.
Manufacturing Facilities
In India, the company has 2 facilities at Tarapur, Maharashtra, and Kandla SEZ, Gujarat having a total capacity of 11,00,000 units.
EKC - Weekly AnalysisIn the Weekly Chart of EKC ,
we can see that; it is leading towards Cup & Handle breakout.
Expected momentums are shown in chart.
EKC: BO soonEKC is in a triangle and near it's resistance. Targets: 180-215-240-260. Invalid if closes below the triangle
NOTE: I'm not a SEBI REG. Study charts before investing.
EKCLooks Good on DAILY TIME FRAME
No resistance on HIGHER TIME FRAME Effecting the price action
DESCENDING TRIANGLE PATTERN BREAKOUT
VOLUMES are good
SWING/POSITIONAL TRADE IDEA
EVEREST KANTO CYLINDER - Bottomed Out! | 2x PotentialPrice Analysis & Overview:
1. Prices at demand zone.
2. Structure is bullish.
3. Volumes are good.
4. Respecting EMAs.
5. RRR is favourable.
Trade Plan:
- ENTRY = Pending...
- (After bullish trendline breakout confirmation)
- SL = 10-15% max
- TP = 1:3,1:5,1:8,1:10
- Stay tuned for further insights, updates and trade safely!
- These are my personal views.
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Everest KantoLooking Good for swing
Good trendline breakout and increase in volumes also
Support @ 126
sl below 126 closing
Targets 156 and 176
EKCclosed above 200dma 127.86 with increased volume. big reserve with negligible debt. result in line..
LONGEKC
CMP: 171
Weekly Chart (11 Feb 2024)
Key Study Points:
- Breakout of Very Long Consolation (72 WEEK) Zone with Strong Volumes
- Strong Price Action
- Keep SL of 150 and keep Trailing the SL.
Disclaimers:
This chart & study is for Educational & Learning Purpose. This shouldn't be construed as an advice to Buy / Sell / Hold. Pls consult your Financial Advisor before Trading / Investing.
