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HLE Glascoat Ltd

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HLEGLAS trade ideas

HLE Glascoat: Darvas Box Breakout & Momentum Trade SetupThis chart of HLE Glascoat (HLEGLAS) displays a Darvas Box consolidation followed by a breakout, indicating a strong bullish trend. Key trade signals: • Entry Triggered: Breakout above Darvas Box • Stop Loss: Closing below the 20 EMA • Trend: Strong Bullish • Indicators: • RSI: 64.42 (Neutral) • MACD: 5.65 (Buy) • ADX: 27.13 (Buy) • Volatility: 5.28% (High) This setup is ideal for swing traders looking for momentum after consolidation. The clear action plan and risk management highlighted on the chart help traders confidently execute and manage trades.
NSE:HLEGLAS
by TradeTravel_Explore
2
HLW GLASSCOAT - Bullish Flag & Pole Breakout (Daily T/F)Trade Setup 📌 Stock: HLE GLASSCOAT ( NSE:HLEGLAS ) 📌 Trend: Strong Bullish Momentum 📌 Risk-Reward Ratio: 1:3 (Favorable) 🎯 Entry Zone: ₹428.95 (Breakout Confirmation) 🛑 Stop Loss: ₹340.00 (Daily Closing Basis) (-20 % Risk) 🎯 Target Levels: ₹466.45 ₹507.20 ₹551.55 ₹599.75 ₹641.30 ₹690.10 (Final Target) Technical Rationale ✅ Bullish Flag & Pole Breakout - Classic bullish pattern confirming uptrend continuation ✅ Strong Momentum - Daily & Weekly RSI >60 (Bullish zone) ✅ Volume Confirmation - Breakout volume 140.38K vs previous day's 55.08K (Nearly 3x surge) ✅ Multi-Timeframe Alignment - Daily and weekly charts showing strength Key Observations • The breakout comes with significantly higher volume, validating strength • Well-defined pattern with clear price & volume breakout • Conservative stop loss at recent swing low Trade Management Strategy • Consider partial profit booking at each target level • Move stop loss to breakeven after Target 1 is achieved • Trail stop loss to protect profits as price progresses Disclaimer ⚠️ This analysis is strictly for educational purposes and should not be construed as financial advice. Trading in equities involves substantial risk of capital loss. Past performance is not indicative of future results. Always conduct your own research, consider your risk appetite, and consult a financial advisor before making any investment decisions. The author assumes no responsibility for any trading outcomes based on this information. What do you think? Are you watching NSE:HLEGLAS for this breakout opportunity? Share your views in the comments!
NSE:HLEGLASLong
by raigvivek
Our Land, Our Future – We are. Generation RestorationHLE Glascot - Cmp 390. Previous also suggested in my post around 400 only. This time mostly ready to give breakout above 400... HLE Glascoat Ltd is in the business of manufacturing and sales of glass lined equipment and filters and dryers equipment for various industries in the country. This is just to boost my confidence. No Suggestions for buying. I will keep checking and updating my mistake if last post gone wrong... Disclosure: I am not SEBI registered. The information provided here is for educational purposes only. I will not be responsible for any of your profit/loss with these suggestions. Consult your financial Adviser before making any decisions.
NSE:HLEGLASLong
by Alleyshah
HLE Glascoat - Under performer may show trend reversalHello, Everyone I hope you all will be doing well in your life and investing. Here I have brought a stock that is mostly at the bottom. HLE Glascoat Ltd is the name of the stock. CMP is 402.80. 350 looks like strong support. 430 is 200 DMA. Trend reversal Only if it close above that. It may turn positive for the long term. If it close above 520 we may see long term target as per fibbo 620, 790, 920, 1050 to 1250. Not strong conviction but chances of bottom out. HLE Glascoat Ltd Source: screener.in About HLE Glascoat Ltd is in the business of manufacturing and sales of glass lined equipment and filters and dryers equipment for various industries in the country. Key Points Business Segments Q3FY24 Filtration and Drying Division (~39%) The company manufactures filtration and drying equipment for various industries. It is a market leader with greater than 50% market share. Glass Lined Equipment Division (~49%) The company is the 2nd largest domestic player, with a 25% market share in glass-lined equipment manufacturing and sales. Heat Exchange Equipment (12%) The Company completed the acquisition of 35.56% of the partnership share in Kinam Engineering Industries on 26th September 2023. Kinam specializes in the manufacturing of shell and tube and corrugated heat exchangers of up to 4,000m2. Industry-Wise Revenue Breakup Q2FY24 Specialty Chemicals- 42% API & Pharma- 39% Agrochemicals- 9% Others- 10%. Manufacturing Facilities The company owns 7 manufacturing facilities globally. and possesses the capacity of producing ~600+ filters & 2,000+ GL Equipment p.a. Capex Completed Greenfield Plant at Silvassa, and began commercial manufacturing in Q1FY23. In FY23, the Co. acquired a land area spanning ~1.30 Lakh square meters near Anand, Gujarat to establish a manufacturing plant dedicated to glass-lined equipment. Key Clientele Clients include Bayer, UPL, Sun Pharma, Atul, Gsk, BASF, Pi Industries, SRF, Zydus, Dr. Reddys, Sanofi, and others. Top 10 customers of the company account for ~35% of the total revenue in the glass-lined equipment segment and around 44% of the total revenue in the filtration and drying equipment segment in FY23. Order Book Position The company has an order book position of Rs 550 Cr as of Q3FY24 which provides visibility of 5 months for the India business and 12 months for the Thaletec business. Discontinuation of Chemical Business In May 2020, the company announced wind-down of its chemical manufacturing situated in Maroli due to its presence near upcoming residential establishments. The division accounted for ~20% of revenues in FY20. Amalgamation The company in Aug 23 proposed the acquisition of a 70% stake in Kinam Engineering Industries engaged in the manufacturing of heat exchangers. In Q2 FY24 it acquired a 35.56% stake in Kinam Engineering for ~Rs. 80 Cr and acquired a 0.50% equity shareholding in Kinam Enterprise. The Board in Feb 24 has approved the Scheme of Amalgamation of Kinam Enterprise Private Limited with HLE Glascoat. Consequent to the Scheme the Company will acquire the control over the balance of 34.44% shares (to make it a 70% controlling stake) in Kinam Engineering Industries Private Limited. Focus Its focus will be on growing its market share in the Filtration, Drying, and Glass-Lined Equipment segments in India and abroad. This is just to boost my confidence. No Suggestions for buying. Disclosure: I am not SEBI registered. The information provided here is for educational purposes only. I will not be responsible for any of your profit/loss with these suggestions. Consult your financial advisor before making any decisions.
NSE:HLEGLASLong
by Alleyshah
HLE Glascoat LtdDividend giving stock. Promoters holding good. No promoters pledged. reserves are more than debt. Stock is about to make a triple bottom on weekly chart. demand zone is marked with green shaded horizontal area. Stoploss is marked as orange horizontal line. Resistances are marked as red horizontal lines. If price break above skyblue resistance trendline - it may be a breakout trade. or 470 is a demand zone based buy zone. Next support at all time low of 350. Levels:- Buy 350 & 470 Stoploss 300 Swing Tgts 595 to 760 Long Term Tgts 990 - 1100 - 1300 - 1500 This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
NSE:HLEGLASLong
by MasterTrader1949X
2
Swing Trade Opportunity in $NSE:HLEGLAS Dear Followers, I hope this message finds you well. I wanted to share my swing trade view on NSE:HLEGLAS with you. I've analyzed the chart and identified some potential opportunities that I believe align with our swing trading strategy. Stock: NSE:HLEGLAS Holding Time Frame: 45-60 Days Entry Point: 575-580 Stop Loss Point : 525 Target Point: 660,690,720 I've created a chart on TradingView that illustrates my analysis. You can view it by clicking on the following link: in.tradingview.com Please keep in mind that markets are inherently unpredictable, and there are no guarantees in trading. This view is based on my analysis as of Date 10-Sep-2023, and conditions may change. It's important to do your own research and consider your risk tolerance before making any trading decisions. Feel free to reach out if you have any questions or if you'd like to discuss this swing trade view further. Your feedback and insights are always appreciated. Best regards, Ajay Metha
NSE:HLEGLASLong
by PrachiMetha
HLE GLASSCOAT Given a proper breakout of downsloping trendline.After showing minor weakness with rangebound action in the last few weeks, the stock price has witnessed a sustainable upside bounce in this week amidst a rangebound broader market. The Stock price has moved above the crucial resistance of downsloping trendline at Rs. 635 levels marginally and closed higher, Hence, there is a higher possibility of further extension of upside momentum in the coming week. Volume has started to expand during upside breakout in the stock price and weekly 14 period RSI and MACD shows a positive indication. Hence, one may expect further strengthening of upside momentum in the stock price a head. Buying can be initiated in this between 638-670, add more on dips down to Rs 600-625, wait for the upside target of Rs. 815/850+ and keep a stop loss at 595. If you like the please hit like, follow and comment your thought on this. Thankyou Disclaimer:- Please always consult with your financial advisor before initiating any trade.
NSE:HLEGLASLong
by TraderRahulPal
HLEGLAS - Ichimoku Bullish Breakout Stock Name - HLE Glascoat Ltd Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 672 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis.
NSE:HLEGLASLong
by nikunjbhadja