Bullish Flag Pattern on Fundamentally strong stock trading near all time high After a big move. Consolidating in tight range of 6% Wait and enter with Strict SL
Q1FY23 – Excellent numbers YoY Rev at 225Cr vs 139Cr⬆️61.9% QoQ Rev at 225Cr Vs 178Cr⬆️26.4% YoY PAT at 27Cr vs 22Cr⬆️22.7% QoQ PAT at 27Cr Vs 11Cr⬆️145% Q4 EPS at 20.7 Rs vs 17.1 Rs Vs. 8.6 As per the chart in the daily timeframe, the stock is moving in an upward channel. With a boost of a good result, we can see 1720 to 1770 in short term. SL can be put as...
With expansion on the horizon Fairchem could break out above 2125. The stock has shown relative strength while the market has corrected also. Watch for the breakout in the world and more momentum above 2160. SL 1990.
Simple Price and volume supporting TGT - 2300 & 2500+ SL - 1800 𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We...
After a long consolidation and close to when capex comes online fairchem org has started showing strength again. There is a breakout on the charts. Long at current price with SL below 1975. Would double the position above 2200.
Fairchem Organics, moving in falling wedge, breakout above 1800 but there is good resistance at 1850. Buy above 1850 for the minimum target of 2000.
Buy @cmp trgt 2312 Stoploss |: 1858 time horizon : 7 or 8 dec 2021................
(Analysis for Educational Purpose Only) By @Vinita_Enggr
#fairchem Posted fantastic number's Had a run without steroids. Took some break and now looks ready for next 30-40%. Personally adding it in SIP's
2 possible entries with the same targets. Take whichever triggers first Fairchem Organics has an operating revenue of Rs. 396.57 Cr. on a trailing 12-month basis. Pre-tax margin of 14% is healthy, ROE of 25% is exceptional. The company has a reasonable debt to equity of 15%, which signals a healthy balance sheet.
A small retracement from overbought region stopped by a morning star pattern at a good zone (Low of the hammer wick previously) Also RSI bullish divergence could be possible for more upside move. A random target with a stoploss offers very fine risk reward ratio. Can go long after the breakout of the previous candle high.
This scrip made reversal pattern and it is expected to give breakout. So traders keep on your radar to catch the momentum and enjoy the profit.
Fairchem appears to have completed it's pullback and is currently in a good entry level offering attractive Risk Reward. Entry can be above the high of today, with proper risk management.
Can buy this stock with a Stop loss of 700 on Weekly Closing Basis