Manali petrochemical for target of 130 to 140Manali petrochemical has formed bullish flag and poll pattern is yet complete one can go long above 105 for target for 130 to 145
Trade ideas
MANALI PETROCHEMICL fandamental and techenical analysisMANALI PETROCHEMICL fandamental and techenical analysis
Discussion
company business
growth
debit to equity ratio
ROE
promoter holding
UPTREND
Strong price action with high volume
support and resistance
only for education and learning
Manali Petrochemicals | Swing | Fibonacci Retracement | SMA1. Up Trend
2. 20 day SMA
3. Support & Resistance Levels
4. Fibonacci Levels
Confirming to take Long Swing Position as Shown
Entry @140
Stop Loss @135
Target @150
MANALIPETRO - Presenting a great opportunityNSE:MANALIPETC
Manali Petrochemicals Limited (MPL) is engaged in the business of manufacture of petrochemicals. The Company is engaged in offering polyols and propylene glycol.
TTM EPS; 23.17
TTM PE: 6.10
Sector PE: 25.84
Book Value Per Share: 39.53
P/B: 3.58
Face Value: 5
Mkt Cap (Rs. Cr.): 2,432
Dividend Yield: 1.06
Some Positives:
High Piotroski Score - Companies with strong financials
Rising Net Cash Flow and Cash from Operating activity
Company with high TTM EPS Growth
Strong Annual EPS Growth
High Revenue and Profit Growth with High Return on Capital Deployed (ROCE) and Low PE ratio
Company with Low Debt
Increasing Revenue every quarter for the past 2 quarters
Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
Book Value per share Improving for last 2 years
Company with Zero Promoter Pledge
FII / FPI or Institutions increasing their shareholding
Near 52 Week High
Stock gained more than 20% in one month
Strong Momentum: Price above short, medium and long term moving averages
Some Negatives:
Not really any.
My Opinion: It is a gem of a company considering the fundamentals. I can see it rally till 165-190-205 in short term. !38 is key support level now. If it falls below that then 128 should be a stop-loss.
NOT A RECOMMENDATION. JUST FOR EDUCATION.
YR 2022 Idea #48: Long on MANALIPETC This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
MANALI PETROCHEMICAL Manali petrochemical , a good momentum stock has given Breakout with good volume . Keep it in you radar.
MANALIPETC | Good for Long NSE:MANALIPETC
Cmp : 142.40
Entry : Cmp or around 139
Target : 7%+ Always
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
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Channel patternManali petrochemicals is forming a channel pattern om charts. Breakout above the channel will give tremendous returns.
The stock is in ASM List. Once out it will rock.
Descending Triangle Pattern - Breakout !! Positional Call.
Circuit to circuit Mover. targets expected in short run
Manali Petrochemicals - Retest StockThe stock has given good returns in recent times. The stock broke out and pulled back. Now the same is available at low risk. Can be entered for a favourable RR trade.
Bullish Manali PetroChems!Please find my analysis for Manali PetroChems. Trend line breaks! Catch the good momentum!!
Manali Petro - Channel BreakoutPotential channel breakout because Propylene Oxide prices have gone up 7-8% in the last couple days due to shutdowns in China.
There could be a channel breakout above 108.50.
Long above 108.50 With a 3-5% SL.
MANALIPETC Trend Analysis MANALIPETC
almost histrical 90 % target reachyed so possbile of retracement or down side move
when break life time confimation new up move
Manali Petro Cmp 96 dated 6.8.2021Manali Petro Cmp 96 dated 6.8.2021
1. Darvos Box Pattern on chart.
Buy for a tgt of 107-120 SL 90
It is just a view, pls trade at your own risk.
Manalipetc - expecting a heavy Bullish moveThe stock has given a beautiful breakout from a great consolidation of almost 3 months. Expecting a 30-40% up move.
Manali Petro Chemical - Long - Flag Pattern BreakoutHi Guys,
Welcome to Thenali Views!!!
Please find our analysis for Manali Petro Chemical Ltd!!!
Manali Petrochemicals is engaged in the manufacture and sale of Propylene Oxide (PO), Propylene Glycol (PG) and Polyols (PY), which are used as industrial raw materials.
Fundamentally the company Pros and Cons:
Pros:
1. Company has reduced debt.
2. Company is almost debt free.
3. Company is expected to give good quarter
4. Company has delivered good profit growth of 34.69% CAGR over last 5 years
5. Company has been maintaining a healthy dividend payout of 19.11%
CONS
1. The company has delivered a poor sales growth of 11.98% over past five years.
The Script was currently trading in the P/E lesser to the industrial P/E and PEG is also 0.21 and company was providing good dividend to its share holder and sales growth was raised compared in this Mar 2021 to Mar 2020 after which the corona lockdown was impacted.
Technically:
The script was in the advance stage and the script was forming Higher Highs and Higher Lows.
The script was good buildup in the resistance zone and breakout was happened .
But the breakout was happened in GAP up module hence, there may be retracement of the script.
Hence, we can wait for the retracement level up to the CPR.
We can go for buy above 84.50 ( upon retracement Completion)
SL - 73 ( Closes below in daily time frame)
Profit - Trail your SL accordingly.
Expecting Breakout ✌✌✌This scrip is expected to give triangle pattern breakout. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all 🙏🙏🙏
Manali Petrochem Fractal Patterns TutorialFractals are a self similar patterns that recur at successive lower degrees. Once identified, they provide great trading opportunity. They can be found on any time frame, on any asset class or any instrument in any market conditions.
How to trade: Once a clearly visible fractal pattern is recognized, look for the lowest degree pattern in the structure to retrace over 100% of previous swing high/low as depicted in the chart. Make an entry at such a breakout.
Risk Management: Keep the stop loss at the lowest point of the lowest degree fractal.
I hope the explanation was useful for the fellow traders out there. Cheers!!
