GARFIBRESGARWARE TECH FIBRES has formed a Bullish structure, made VCP pattern, volume is also visible.
Now it is at resistance, keep eyes on it as the breakout from here can give a good upside move.
Breaking ATH may boost it more. But definitely wait for the Re-test after the breakout.
📌 Re-test matters. Always!
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Check out the chart and analysis on BLUEJET in my recent post.
It’ll make you rethink your entries.
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Trade ideas
Garware Tech Fibers, 50% upside possiblecup handle pattern is in progress. multiple handle formation is in progress. Consolidation from the Life time high (from the left side of the cup) is of around 2 years. A possible upside of 51% is possible i.e. 1250. The stock can be entered at current levels. 1250 target can be achieved in 6-8 months.
Garware Technical Fibre in Extended Wave 3NSE:GARFIBRES
Garware Technical Fibre is in final wave of extended wave 3. The current stock movement indicates that it is currently in the fourth wave of the extended third wave, and it is in the process of forming a triangle pattern. Trangle always form in wave 4. I have labelled wave 4 triangle with ABCDE.
Entry point is at high of wave D :- 3375/-
Target :- 4906/-
Profit Probability :- 45%
Beautiful Price Action With Good Q2 Numbers.NSE:GARFIBRES Posted Good Q2 Numbers for FY 24-25 with Margin Expansion, it is one of India's leading players in the technical textiles sector, providing specialized solutions to the cordage and infrastructure industry worldwide, it also manufactures and provides world-class solutions in high-performance polymer ropes, fishing nets, sports nets, safety nets, aquaculture cages, coated fabrics, agricultural netting and geosynthetics.
Results Snapshot:
QoQ Sales: 25.10 %
QoQ Profits: 40.80 %
YoY Sales: 28.10 %
YoY Profits: 25.80 %
OPM%: 22%
Currently Trading at 41.30 times P/E. with Book Values/Share of 8.29.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
GARWARE TECHNICALAnnual Revenue rose 2.65%, in the last year to ₹1,368.8 Cr. Its sector's average revenue growth for the last fiscal year was -8.71%.
Quarterly Revenue rose 3.18% YoY to ₹394.81 Cr. Its sector's average revenue growth YoY for the quarter was -8.31%.
Annual Net Profit rose 20.89% in the last year to ₹208.18 Cr. Its sector's average net profit growth for the last fiscal year was -6.08%.
Quarterly Net profit rose 16.44% YoY to ₹69.48 Cr. Its sector's average net profit growth YoY for the quarter was 19.31%.
PE Ratio is 33.09, lower than its sector PE ratio of 60.18.
Debt to Equity Ratio of 0.1 is less than 1 and healthy.
Return on Equity for the last financial year was 16.87%, in the normal range of 10% to 20%.
Mutual Fund Holding increased by 0.2% in the last quarter to 8.75.
Promoter Share Holding increased by 0.3% in the most recent quarter to 53%.
Interest Coverage Ratio is 18.29, higher than 1.5. This means that it is able to meet its interest payments comfortably with its earnings.
Promoter Pledges are zero.
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 GARFIBERS
BUY TODAY SELL TOMORROW for 5%
Garware Technical Fibres Ltd - Breakout Setup, Move is ON...#GARFIBRES trading above Resistance of 4030
Next Resistance is at 5003
Support is at 3177
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Breakout in Garware Technical Fibres Ltd...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
GARFIBRES Analysis & Prediction This is the analysis of GARFIBRES in Monthly Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About GARFIBRES :
Garware Technical Fibres Ltd. engages in the manufacture and export of synthetic cordage and nettings. It operates through the Synthetic Cordage, and Fibre and Industrial Products and Projects segments. The Synthetic Cordage segment comprises of ropes, twines, and nettings made of twine. The Fibre and Industrial Products and Project segment offers fibre, synthetic fabric, yarn, woven and non-woven textiles, and coated steel gabions. The company was founded by Bhalchandra Digamber Garware in 1976 and is headquartered in Pune, India.
Garware Technical Fibres - Bouncing Back with Volumebuy above 3120. sl 3047
targets 3205/3320/3400/3534
50 MA is crossing over 200 MA with the price closing above 20 MA on daily time frame. RSI is rising and above the mean. Also stock is at the middle band of BB. any sustenance above the middle BB can take the stock up to the upper band, which is target 1.