SHREEPUSHK trade ideas
Shree Pushkar Positional View !!SHREEPUSHK : cmp: 263.1
A pennant kind of pattern has been formed in daily chart.
BO done near 252-255 level.
Making higher highs for 3 days.
RSI trending up.
buy on dips.
Accumulation zone : 240-260
Profit booking zone may be : 285 - 301
SL 228/According to your risk appetite.
Positionally can move 330+
Sl 215 Dclbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally
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Another Gem from Fertilizer sector - Shree Pushkar Beautiful pattern is in making, good company fundamentally, can go long now, it may breakout of rounding off pattern and then go for consolidation to make cup and handle. Keep an eye. Go long in parts.
Expecting breakout ✌✌✌This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
SHREE PUSKAR CHEM,|1W|NSE |LONG| CUP AND HANDLE PATTERN
Entry -cmp
Stop loss -190
Target-490
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Educational Purpose Only.
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Shree Pushkar Bounce Back 1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Largest weekly price spread
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
After consolidation since October 21, NSE:SHREEPUSHK gave a break out on 21st March 2022. It corrected to the level of Rs. 272 and gave a bounce back today. It is a buy with a stop below Rs. 270.
Other fundamentals:
1. TTM sales growth of 29% and TTM profit growth of 49%.
2. Promoter stake increased since December 2019 from 65.03 to 67.03.
3. FII stake increased from 0.40 in June 2021 to 1.44 in December 2021.
4. Co. is a leading manufacturer of Reactive Dyes. It launched DYECOL™ range of Reactive Dyes to tackle environmental and sustainability issues of the textile wet processing industry. Its products are certified from “GOTS” and enjoy the privileged status of being a government recognized “Export House”.
5. Its product portfolio consists of 15+ grades of Fertilizers, all of which are distributed through its own distribution and dealership network in the states of Haryana, Punjab, Rajasthan, Uttar Pradesh, Himachal Pradesh, Uttarakhand, Maharashtra, Karnataka, and Goa.
6. Co. manufactures feed grade Di-Calcium Phosphate (DCP) which is manufactured from the waste generated in the manufacturing process of its other divisions.
7. Co. utilizes high-pressure steam from Sulfuric Acid for power generation and internal consumption. In FY21, it also started Electricity generation commissioned for two solar projects of 2.00 MW and 2.60 MW each. It planned CAPEX of 21 crs out of which 13.29 crs has been incurred.
8. The company's Unit V capex is almost complete and a dry trial run has been started in Q2FY22 with commercial production expected to commence in FY22. The planned capex for this facility was 108 crs out of which 99.47 crs was incurred until December 31st, 2021.
9. Post the CAPEX made in the manufacturing facilities and acquisitions of two new companies, the manufacturing capacity of the company is expected to rise substantially.
Product - Current output (FY21) - Expected output (FY22-23E)
Chemicals – 14,260 MTPA – 38,260 MTPA
Fertilizers - 4,02,200 MTPA - 5,90,200 MTPA
Breakout in SHREE PUSHKAR CHEMBreakout in SHREE PUSHKAR CHEM in Daily and Weekly time frame. The targets can be 273 and 320.
DISCLAIMER: The ideas are only for educational purposes and not buy/sell recommendation. I am NOT SEBI registered.
magic of wavesstock given rounding bottom breakout with high volume and macd bullish crossover
and stock also entered in 5th wave looks good on chart if you like this study follow us for more updates
SHREEPUSHK
CMP: 246
- Taking support at 200 ema
- 6 months consolidation near 4 year high
- Descending Triangle pattern breakout
PURE PRICE ACTION STUDYUptrend
Breakout
Volume
Candle high above entry
Candle low below stop loss
In case 3 candle after entry no trigger. Simple avoide the stock
Only study perpose
SHREE PUSHKAR CHEMICAL AND FERTILIZER to Extend in Wave VTHIS IS MICRO CAP STOCK don't allocate too much capital based on this analysis
Stock has subdued upward move with increasing volume .
Wave iii was channel bound and moved little more than 1.618 that means wave v will extend
Wave v non extended target is at 0.618 Fibonacci extension 230 and extended target 280.
Stop loss 160 and entry near 190 can be taken
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
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Shree Pushkar Chem - Broke out with Gap-up right after results BUY GUIDANCE:
Never ever buy before 3PM . I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
Shree Pushkar Chem - CMP: 181Stock is in bullish momentum. It has given Channel breakout on the smaller time frame, Also it has given Rounding Bottom breakout on the longer time frame. ADX indicated a strong momentum ahead. RSI also indicates a continuation of the uptrend. We can expect price movement up to 215 in the near term. Also, We can expect price movement up to 240 to 300 in Mid Term.
SHREE PUSHKAR CHEMICALS ViewNSE:SHREEPUSHK Levels are Mentioned in the chart...
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
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3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
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Bullish rounding bottom breakout on weekly charts Buy SHREE PUSKAR 165, till 140 for target of 200/225 and 275. Bullish rounding bottom breakout with volumes. Sustaining above 200ema with whole sector buzzing
Shree Pushkar Chemicals - BreakoutA very popular stock during the 2017 bull market where the company was growing very well until 2018 and then hit a form of a speed breaker. The dye business had a blip in the middle and now might be recovering.
The stock has broken out with volumes. It has a cup with a small handle.
Long at CMP with SL below 142.
First target 175.
BREAKOUT CONFIRMED ON WEEKLY CHARTS |LONG SETUP!Stock has indicated clear breakout in today's session and looks pretty much ready for a big move from here, chip in with the stop-loss and targets mentioned on chart. Some aggressive bullish movement is expected now.
