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SPIC trade ideas

Short Term Trading Opportunity in SPIC for > 10% upsideHi, NSE:SPIC has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:SPICLong
by raigvivek
1
SPIC - Bullish Consolidation with VolumesNSE: SPIC is closing with a bullish consolidation candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 16% to 26% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:SPICLong
by BrahmaBull31
2
SPIC:- Multiple Technical Breakouts and Strong FundamentalsTechnical Breakouts: SPIC is exhibiting a bullish breakout from both a resistance level and a triangle pattern, indicating a potential reversal of the previous downtrend and the initiation of a new bullish phase. Robust Support Levels: The stock has found strong support from lower levels, with the 50-day exponential moving average (EMA) providing additional reinforcement, as observed in both the weekly and daily time frames. RSI Breakout and Bullish Divergence: The breakout in the Relative Strength Index (RSI) and the presence of bullish divergence in higher time frames suggest increasing buying pressure and potential for sustained upward movement. Price Rejection from Lower Levels: Recent price action indicates rejection from lower levels, suggesting underlying demand and a potential shift in sentiment towards bullishness. Strong Fundamental Performance: SPIC boasts impressive fundamentals, with a remarkable 5-year net income growth rate of 45.95%, significantly outpacing the industry average of 19.8%. This robust growth underscores the company's solid performance and potential for future profitability. Undervaluation: With a price-to-earnings (PE) ratio of just 8.10 compared to the sector's PE ratio of 24.47, SPIC appears significantly undervalued, presenting an attractive investment opportunity. Trade Idea: Given SPIC's bullish technical setup and compelling fundamentals, traders may consider initiating long positions to capitalize on the stock's potential upside. Tight stop-loss orders can be utilized to manage risk effectively. Additionally, investors seeking undervalued opportunities may find SPIC particularly attractive for long-term investment objectives.
NSE:SPICLong
by Marketik
1
SPIC Analysis & PredictionThis is the analysis of SPIC in Daily Time Frame. Watch carefully. The chart explains itself. The stock managed to break the long term resistance with increasing volume. It can retest the breakout level. If it will sustain above the breakout level, it is good for the stock. Generally Multiyear Breakout is a bullish signal for stocks. There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown. Always maintain your risk management. Book your profit according to your “STOMACH”. Disclaimer: This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade. Happy trading. About SPIC : Southern Petrochemical Industries Corp. Ltd. engages in the manufacture and sale of fertilizers. It operates through Agro Inputs and Others segments. The Agro Inputs segment includes operations in Urea. The Others segment focuses on agri business. The company was founded on December 18, 1969 and is headquartered in Chennai, India.
NSE:SPICLong
by suraranjanganguli
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall. Trendline Breakout in SPIC BUY TODAY SELL TOMORROW for 5%
NSE:SPIC
by Kapil-Mittal
3
Urea Saler Stock has given Breakout of Rising Ascending ChannelHello Everyone, i have brought another stock which has given breakout of long Rising Ascending Channel on monthly timeframe, actually this stock already have given breakout and retest, and i have been little late in catching this gem on right time, but still there is a lot energy has remain to go more upside from here, but in case you guy's get some down momentum then accumulate as much as possible, as this is really good technically and fundamentally stock for long term investing. Company is trading just at 9 PE with attractive intrinsic value of 212 and stock is offering almost near to 2% dividend yield, witch makes more valuable to this Stock. This is really one kind invest and forget type stock but i will suggest to do sip whenever it falls more than 10%,.. Market Cap ₹ 2,009 Cr. Current Price ₹ 98.6 High / Low ₹ 100.0 / 52.0 Stock P/E 9.17 Book Value ₹ 52.4 Dividend Yield 1.52 % ROCE 29.6 % ROE 35.9 % Face Value ₹ 10.0 Industry PE 27.5 Debt ₹ 539 Cr. EPS ₹ 10.8 Promoter holding 53.4 % Intrinsic Value ₹ 212 Pledged percentage 0.00 % EVEBITDA 6.61 Change in Prom Hold 0.00 % Profit Var 5Yrs 47.5 % Sales growth 5Years 7.25 % Return over 5years 32.2 % Debt to equity 0.50 Net profit ₹ 219 Cr. ROE 5Yr 25.0 % Profit growth -12.4 % PROS:- Company is expected to give good quarter Company has delivered good profit growth of 47.5% CAGR over last 5 years Company has a good return on equity (ROE) track record: 3 Years ROE 28.1% CONS:- The company has delivered a poor sales growth of 7.25% over past five years. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:SPICLong
by TraderRahulPal