Breakout soon in TEXMO PIPESRound Bottom Breakout Setup
2years+ consolidation
RSI above 70 and rising
Trading above EMA50
Volume accumulation
Possible levels >>132 >>>149>>+
SL>> 85
Disc: for study, not a recommendation
−21.90INR
−717.60 MINR
6.38 BINR
About TEXMO PIPES & PROD
Sector
Industry
Headquarters
Burhanpur
Website
Employees (FY)
393
Founded
1999
ISIN
INE141K01013
FIGI
BBG000C06T05
Texmo Pipes & Products Ltd. engages in the business of plastic products, which include pipes and tubes. It manufactures PVC and HDPE pipes which includes, suction and delivery hose pipe, rigid PVC pipes, elastomeric sealing ring fit PVC pipe, PVC casing and ribbed screen casing pipes, SWR Pipe, Plumbing pipe, conduit pipes, raping casing strips, column pipe, HDPE plain pipe, sprinkler pipe, PLB HDPE cable duct and drip irrigation system and fittings of all kind. The company was founded on May 13, 1999 and is headquartered in Burhanpur, India.
TEXMOPIPESAs we can see, the has crossed previous high on weekly chart visible, there is strong posibility that stock can pickup up move upto 160 levels in the coming month, all technical indicator are positive in the stock, Stop loss for the stock will be 90.
Double Top break Double top break on a long term chart. Expect good upside in near term and decent returns in the long run.
Buy Texmopipes @102
Stoploss : 80
Target : 150-180-200
Longer term rounding Bottom Breakout close above 102.Texmo Pipes and Products
It manufactures and trades PVC, HDPE, SWR, Sprinkler, Drip, CPVC Pipes & Fittings.
Market Cap₹ 279 Cr.
InstHold 0.60%
Growth YOY:-
SALES 19%
PAT 571%
Longer term rounding Bottom Breakout close above 102.
#StocksInFocus
TEXMOPIPES - heading towards new highsNSE:TEXMOPIPES
cmp 89
heading towards new highs
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent
TEXMO PIPIE BUY ABOVE 70 TGT 86 & 100weekly , daily and monthly Breakout confirmation only above 70 with SL 61.
TEXMOPIPESTEXMOPIPES: Expecting Cup & Handle Pattern will be done Above 100 CMP@82.25 Targets 92-102-112-122+++
TEXMOPIPE Daily looking bullishTEXMOPIPE Daily has trendline breakout with 200 ema support on daily candle. Good to buy at 72 for target of 100 with sl below 63.
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This is purely for training and educational purposes. We shall not be responsible for your profit or loss.
The stocks discussed or recommend
TEXMOPIPES Swing TradeTEXMOPIPES
Buy : 70
Target : 77
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money
TEXMOPIPES Bullish; above 70 on Tuesday 14 Aug Please check out the INTRADAY Trading Strategy in the COMMENTS section below during the live market hours:
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1) Impulse upmove stage: The strong upmove (nearly upto 2% from breako
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Frequently Asked Questions
The current price of TEXMOPIPES is 81.45 INR — it has decreased by 0.85% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on NSE exchange TEXMO PIPES & PROD stocks are traded under the ticker TEXMOPIPES.
TEXMOPIPES stock is 4.33% volatile and has beta coefficient of 0.38. Check out the list of the most volatile stocks — is TEXMO PIPES & PROD there?
Yes, you can track TEXMO PIPES & PROD financials in yearly and quarterly reports right on TradingView.
TEXMOPIPES stock has fallen by 6.91% compared to the previous week, the month change is a 4.56% rise, over the last year TEXMO PIPES & PROD has showed a 67.08% increase.
TEXMOPIPES net income for the last quarter is 24.80 M INR, while the quarter before that showed 9.44 M INR of net income which accounts for 162.66% change. Track more TEXMO PIPES & PROD financial stats to get the full picture.
Today TEXMO PIPES & PROD has the market capitalization of 2.40 B, it has increased by 6.39% over the last week.
No, TEXMOPIPES doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
Like other stocks, TEXMOPIPES shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade TEXMO PIPES & PROD stock right from TradingView charts — choose your broker and connect to your account.
As of Apr 18, 2024, the company has 393.00 employees. See our rating of the largest employees — is TEXMO PIPES & PROD on this list?
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So TEXMO PIPES & PROD technincal analysis shows the sell today, and its 1 week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating TEXMO PIPES & PROD stock shows the buy signal. See more of TEXMO PIPES & PROD technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. TEXMO PIPES & PROD EBITDA is −271.21 M INR, and current EBITDA margin is −4.88%. See more stats in TEXMO PIPES & PROD financial statements.