📊 DETAILS
Sector: Sugar
Mkt Cap: 480 cr
Incorporated in 1961, Kothari Sugars & Chemicals Ltd is engaged in sugar manufacturing, power cogenerations and production of industrial alcohol from molasses and bio-compost from press mud and distillery effluents.
TTM PE : 12.18 (Average PE)
Sector PE : 11.57
Beta : 0.99
📚 INSIGHTS
Strong Performer...
Kothari share is in very good support level (RS50). You can take a fresh entry in this stock at this level now.
Expecting this stock can reach below Target on long term.
Target 1 - 64
Target 2 - 90
Your feedback is more valuable. Please provide me your feedback in comment section.
Note:
This analysis is only for education purpose. Please do your analysis...
after breakout after breakout of 2 year consolidation and correction forming symmetrical triangle near retest zone breakout will be confirm about 60 strong support near 55 zone can attempt entry near current levels 56-58 as it has confirm 3 touch on downtrend line and rising trend line .next move expecting towards 80-90 levels in next 3 month positive momentum in...
BUY - KOTHARI SUGAR&CHEM
CMP - Rs. 57
Target - 1: Rs. 75
Target - 2: Rs. 92
.
Timeframe - 2 months - 6 months
.
Technicals - Trendline Breakout
.
This is just a view by an expert analyst, please invest at your own risk.
.
Follow me for more!
breakout of ascending triangle consolidation before some days back bouncing from breakout and retest zone strong support at 45 level one can enter longs on dip towards 50-55 levels for upward move expected up to 80-85 levels .
KOTARISUG has given a amazing breakout , breaking multi year resistance and ready to high fly over 69 mark
positive:
- Breakout with good volume
- Multi year consolidations
- Inflation and increase in sugar consumptions
Negative:
- Market is highly volatile
- High interest environment
Kotarisug after multiple rejections, has been broken out of a neckline resistance with good volumes. With a solid base, chances of a successful breakout & follow-up increases.
Points to note before initiating Long:
-----------------------------------------------
1. An inverse H&S base with multiple touches to the neckline, respecting that resistance.
2. Volume...
KOTARISUG:- Wait if the stock has tested the resistance line many times, if the stock has given a breakout to the resistance then sustain it. plan to go for long
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that,...
Swing Trade opportunity.
CMP: ~ 42.35 ( Buy @ ~ 43.45)
SL: ~ 40
Target: ~ 47.55 | ~ 52 | ~ 59.15
( Targets calculated on the basis of Fib. and previous swings )
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just to share my views and...
Higher highs bullish formation with volume surge, and near week high, breakout possible if stock starts trade above 50
ALSO CURRENT PE IS LOW AS COMPARED TO SECTOR
