multiyear trenline breakoutsimbhaoli sugar colse over 35.3 on a monthly basis, 2x possible, volume is increasing, and it looks like the sugar sector is breakout
SIMBHALS trade ideas
SIMBHALS:- Bullish Setup- Multiple Breakouts and Sector MomentumTechnical Breakouts: SIMBHALS is currently displaying a confluence of bullish patterns, including a symmetrical triangle breakout, a flag breakout, and a significant surge in the Relative Strength Index (RSI). These patterns collectively indicate a robust upward momentum and potential for sustained bullish movement.
Flag Breakout: The recent breakout from a flag pattern underscores the stock's bullish sentiment, marking a continuation of the preceding uptrend. This breakout, coupled with other technical signals, adds further confirmation to the bullish bias.
Volume Surge: The breakout is accompanied by a notable increase in trading volume, suggesting strong participation and conviction among market participants. This surge in volume further reinforces the validity of the bullish setup.
Sector Momentum: SIMBHALS is benefiting from broader sectoral momentum, with the sugar sector witnessing a notable uptrend. This sectoral strength provides additional tailwinds for SIMBHALS, enhancing its bullish prospects.
Fundamental Strength: Beyond technicals, SIMBHALS demonstrates robust fundamentals, including solid revenue growth, profitability, and efficient management practices, which further support its bullish trajectory.
Trade Idea: With SIMBHALS exhibiting a compelling technical setup, underpinned by a flag breakout and supportive sectoral momentum, traders may consider initiating long positions to capitalize on the stock's bullish potential. Implementing effective risk management strategies, such as setting appropriate stop-loss levels, is essential to safeguard against potential downside risks.
Simbhaoli Sugars Positional Analysis CMP 7.7 buy for Target 9.1Simbhaoli Sugars Positional Analysis
CMP 7.7 buy for Target 9.1- 11- 14- 17- 20- 25-30-40-50+
SL below 5 - daily candle closing basis
Simbhal Sugars : Range BreakoutSimbhal Sugars
A Beautiful Range Breakout clearly Visible can easily achieve the targets mentioned in Charts,
Entry, stoploss & targets mentioned. Enter above safe entry levels only
Trend Change Breakout and Breakout Restest in Simbhaoli SugarSimbhaoli Sugars Ltd is engaged in sugar refining (Defeco Remelt Phosphotation and Ion Exchange technology), high value, niche products (specialty sugars) and clean energy (ethanol).
The company sells sugar primarily under its flagship brand, "Trust". It also sells sugar and other products under G-low sugar, sunehra, Sipp and Som brands
Product-wise Breakup
In FY21, sugar accounted for ~72% of revenues, followed by rectified spirit and country liquor (15%), denatured spirit (11%), Sanitizer (1%), and others (1%)
Manufacturing Facilities
Presently, the company owns and operates 3 integrated manufacturing facilities in the state of Uttar Pradesh. Its capacities include :-
Cane Sugar (tonnes of cane/ day) - 19,500
Alcohol/ ethanol (kilo-liter/ day) - 210
Power (megawatt/ hr) - 108
Sugar refining (tonnes per day) - 1,200
JV Details - Simbhaoli Power Pvt Lts is a 51% JV of the company with Sindicatum Bagasse India Pvt Ltd. It is generating the power using the sugar mill bagasse and third-party biomass at the Simbhaoli and Chilwaria sugar complexes of the company and selling the surplus power to the state utilities under long-term PPAs.
NPA Credit Facilities
The credit facilities of ~1,000 crores availed by the company has been classified as non-performing assets by all the lenders in the past. The company has submitted comprehensive debt resolution proposals with the lenders and majority of them have shown interest to accept the debt resolution process (OTS proposal) of the company. It has liability of ~530 crores towards lenders as interest accrued but not provided for in the books of the company.
SIMBHALSSIMBHALS if forming channel pattern after the breakout from the trend line. Traders keep it under the radar.
SIMBHAOLI SUGAR: RE-ENTRY FOR 300%Hi guys!
As per my previous analysis the stock exactly reversed from the SL after retesting the level and did not close any weekly candle below that level . So you can see how powerful is the mentioned SL. Now it has given a reentry because the current weekly candle closes above the trendline.
Entry can be taken @CMP
Target is predefined as shown in the chart.
SL is also be the same.
SIMBHALS: TARGET 300%( 3x) MULTIBAGGER Hello learners!
I hope you're doing well. I'm again present with another multibagger sugar stock. As per the chart it's ready to fire 🚀 . Here entry is good for the risk reward.
Everything is mentioned in the chart.
👉 Disclaimer :This analysis is only for educational purpose & should not be considered as my recommendation.
Simbhaoli Sugar- bottom in place minimum tgt 16.70Simbhaoli Sugar- rounding bottom in place- favorable sector tailwind- min tgt 16.70
