Tembo Global Industries LtdTembo Global Industries Ltd
TGIL is a manufacturer and fabricator of metal products used in Pipe Support Systems, Fasteners, Anchors, HVAC,
TEMBO trade ideas
Medium term opportunity in Tembo Global for v. Good UpsideHi,
NSE:TEMBO has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly 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.
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TEMBO - Cup and Handle Breakout - WklyTEMBO - Cup and Handle Breakout - Wkly
Name - TEMBO
Pattern - Cup and Handle
Timeframe - Wkly
Status - Breakout
Volume - Very Good
Cmp - 323
Target - 538
SL - 310
Pattern: Cup and Handle
The Cup and Handle pattern is a bullish continuation pattern often used in technical analysis.
Fundamental ratios: Looks Good
Tembo Global Industries Ltd manufactures and trades fabricated metal products
Market Cap ₹ 359 Cr.
Current Price ₹ 323
High / Low ₹ 337 / 191
Stock P/E 20.4
Book Value ₹ 59.6
Dividend Yield 0.46 %
ROCE 24.1 %
ROE 26.0 %
Face Value ₹ 10.0
Price to book value 5.42
Promoter holding 55.4 %
Unpledged Prom Hold 49.9 %
Pledged percentage 9.92 %
10Yrs PE 39.2
EPS ₹ 15.8
Industry PE 38.9
Debt to equity 0.75
Return on assets 10.3 %
Int Coverage 4.88
Graham Number ₹ 146
PEG Ratio 0.44
Piotroski score 6.00
Price to Sales 0.75
OPM 4.89 %
ROCE 3Yr 17.4 %
Profit Var 3Yrs 67.9 %
ROE 3Yr 21.0 %
TEMBO GLOBAL INDUSTRIES LTD 1. **Fundamental Data:**
- **EPS (Earnings Per Share):**
- Jun-24: ₹4 (+136% YoY)
- Mar-24: ₹1.9 (+59% YoY)
- Dec-23: ₹3.3 (+84% YoY)
- Sep-23: ₹3.9 (+150% YoY)
- Jun-23: ₹1.7 (+121% YoY)
- **Sales (in Crores):**
- Jun-24: ₹128.4 (+58% YoY)
- Mar-24: ₹121.7 (+39% YoY)
- Dec-23: ₹115.4 (+104% YoY)
- Sep-23: ₹114 (+116% YoY)
- Jun-23: ₹81.1 (+52% YoY)
- **PAT (Profit After Tax in Crores):**
- Jun-24: ₹5.4 (+187% YoY)
- Mar-24: ₹2.6 (+102% YoY)
- Dec-23: ₹4.4 (+123% YoY)
- Sep-23: ₹5.2 (+204% YoY)
- Jun-23: ₹1.9 (+144% YoY)
### 2. **Technical Indicators:**
- **Current Price:** ₹283.75
- **Support Levels:** Identified at ₹248, ₹219, and ₹200.
- **Resistance Levels:** Around ₹283.75, which is being tested.
- **Volume:** There has been a significant increase in volume, suggesting higher investor interest.
- **Moving Averages:**
- The stock is trading above both the short-term and long-term moving averages, indicating an uptrend.
### 3. **Volatility and Risk:**
- **RVol (Relative Volume):** 112% - indicates higher than usual trading activity.
- **U/D Vol (Up/Down Volume Ratio):** 5.6 - a high ratio indicates strong buying pressure.
### **Analysis:**
- **Fundamental Strength:** Tembo Global Industries has shown strong growth across EPS, Sales, and PAT over the last few quarters, indicating solid fundamental performance.
- **Technical Position:** The stock is near a resistance level around ₹283.75. If it breaks through this resistance with sustained volume, it could signal a further upward move.
- **Volume Trends:** The rising volume and high up/down volume ratio indicate strong buying interest, which is positive for the stock's price action.
### **Risk-Reward Consideration:**
- **Risk:** The stock is currently at a resistance level, and there may be a pullback if it fails to break through. The previous support levels around ₹248 and ₹219 could act as potential entry points in case of a correction.
- **Reward:** If the stock breaks above the ₹283.75 resistance with volume, it could offer a good upside potential, especially given the strong fundamentals.
tembo rebound??stock is showing signs of rebound after taken support at previous support levels. could be a good buy @ 280, with target 1 of 298 and target 2 of 310. SL could be below 270 there by giving a minimum R : R of 2
this is my out look and not an invitataion to buy. please do your own due diligence befor investing
Tembo Global: Trading near support levelsTembo Global is offering low risk set up. Stock is trading near support levels. Keep on radar.
Tembo Global: Breakout on WTFTembo Global is looking good on weekly time frame. Stock is attempting breakout. Keep on radar for closing.
TEMBO - Ichimoku Bullish Breakout Stock Name - Tembo Global Industries Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 202
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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SAUCER PATTERN BREAKOUT IN TEMBO GLOBAL---EDUCATIONAL PURPOSE --BULLISH VIEW
Breakout seen with increase in volumes since last month with higher high higher lows
TGT 1--225
TGT 2--280 (71%)
SL --below 124 on weekly closing basis
Time tgt--20-24 months (till Jan 2025)
Please note --Its a low volume stock so trade cautiously
TEMBO Ascending triangle breakout tradeNSE:TEMBO Levels are Mentioned in the chart... Good for swing...
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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