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Chemicals

BASF N (BAS.de) bearish scenario:The technical figure Triangle can be found in the daily chart of the German company BASF SE (BAS.de). BASF SE is a German multinational chemical company and the largest chemical producer in the world. The BASF Group comprises subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas and Africa. BASF has customers in over 190 countries and supplies products to a wide variety of industries. The Triangle broke through the support line on 29/11/2022. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 6 days towards 46.36 EUR. Your stop-loss order, according to experts, should be placed at 49.96 EUR if you decide to enter this position. German chemicals giant BASF said it would downsize permanently in Europe, kindling concerns that persistently high energy prices could lead to a deindustrialization of the continent. The company will slash costs in Europe by 500 million euros, or $501 million, annually up to 2024, focusing on cost savings in non-production units in its operating, service and R&D divisions as well as in its corporate headquarters. The company said that in the first nine months this year, gas costs at its European sites were about €2.2 billion higher than a year earlier. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
XETR:BASShort
by legacyFXofficial
PUNJAB CHEMICALS - WEEKLY TIME FRAMEHi there, The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:PUNJABCHEMLong
by Tradelikemee
BASF SE (BAS.de) bullish scenario:The technical figure Triangle can be found in the daily chart in the German company BASF SE (BAS.de). BASF SE is a German multinational chemical company and the largest chemical producer in the world. The BASF Group comprises subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas, and Africa. BASF has customers in over 190 countries and supplies products to a wide variety of industries. The Triangle broke through the resistance line on 03/09/2022, if the price holds above this level, you can have a possible bullish price movement with a forecast for the next 20 days towards 45.93 EUR. Your stop-loss order, according to experts, should be placed at 40.21 EUR if you decide to enter this position. BASF stock should be very attractive to investors, given its recent performance. In a macroenvironment where costs are eating into the bottom line of every company, the firm managed to buck the trend. Sales reached 23 billion Euros in Q2, increasing by 16.3%. Net income increased by an even greater 26.3%, reaching 2.1 billion Euros. The strong quarterly results led BASF to increase sales guidance to between 86 to 89 billion Euros for 2022. CEO Martin Brudermuller succinctly summarized the situation, “Despite the continued high raw materials and energy prices, we again achieved strong earnings in the second quarter.” Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
XETR:BASLong
by legacyFXofficial
APDHello guys According to the chart you can see the price is moving downward trend and it has need more correction to have good R/r then we have permission to take short position until the target. You should take signal at first then dont forget use stop loss and observe to your capital management. Take a look on volume guys dont forget to check it, And dont forget to risk free and manage your position. Everything is shown on chart, If you have question send us messages Good Luck Abtin
NYSE:APDShort
by Abtin00
Why Laxmi Organics is a strong Short to Medium term BUY NSE:LXCHEM TEN POINTS 1. Laxmi Organic Industries is a specialty chemical manufacturer, focused on two key business segments - Acetyl Intermediates (AI) and Specialty Intermediates (SI)..The company is currently among the largest manufacturers of ethyl acetate in India with a market share of approximately 30% of the Indian ethyl acetate market. Laxmi Organic exports about 25% of the manufactured products. Additionally, it is the only manufacturer of diketene derivatives in India with a market share of approximately 55% of the Indian diketene derivatives market in terms of revenue in FY21 and one of the largest portfolios of diketene products 2. Stock gained 50% in one month only after listing -hitting a high of 628 and reported a significant jump in its net profit to ₹98.68 crore in the quarter ending June as compared to ₹18 crore in the corresponding quarter of the previous fiscal. Its revenue from operations also witnessed a massive jump to ₹689 crore from 354 crore in the year-ago quarter. 3. However massive rainfall in Pune factory forced the company to close one of its factories for some time during the SEP 21 quarter and Net profit tumbled from ~98 cr in SEP 21 to 10.3 cr in SEP 21 qtr. 4. Coupled with profit booking the stock tumbled to 385 levels. 5. After a 3 month consolidation the company seems to be turning around its limitations shown in the previous quarter. 6. On the positive side- India Ratings and Research (Ind-Ra) has upgraded Laxmi Organic Industries Limited’s (LOIL) Long-Term Issuer Rating to ‘IND AA-’ from ‘IND A+’. The Outlook is Stable, the ratings agency quoted 7. Despite 60% decline in SI volumes on qoq basis on account of 45 days shut down at SI Unit (Mahad) which caused heavy loss, Laxmi’s H1FY22 profits were close to FY21 performance led by rapid growth in specialty business and higher spreads in acetyl business during the first quarter and normalised acetyl spreads during the second quarter. There is a strong visibility on SI order book for H2FY22. Laxmi has acquired significant international accounts during Q2FY22, as 24% of SI sales were from exports as against 5% in Q2FY21. 8. Buying at current levels is recommended for a short to medium term target of 500-520 for the short term and 620 for the longer term. 9. Maintain stop loss around 430 10. Risk reward ratio of 1:3
NSE:LXCHEMLong
by amitach
$CINR target acquired*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: My team first began diving into the soda ash industry when a data report which detailed an increasing demand for sodium carbonate was released earlier this year. During our research we stumbled across $CINR. $CINR is engaged in the production and sales of soda ash. $CINR has a facility located in Green River, Wyoming where the compound is resourced. My team first entered $CINR at $14.28 per share. $CINR currently sits at $18.51. Our first take profit was hit on 11/1/21 at $18.28 per share. Congratulations to those of you who took this trade. If you want to see more, please like and follow us @SimplyShowMeTheMoney
CLong
by SimplyShowMeTheMoney