Adani port NSEAdani ports can give a bullish trend in near future if breaks the triangle pattern and hold above it.
Nsestocks
(ONSE:RHIM) RHI Magnestia India Capital Cycle Play?RHIMagnestia India ltd earlier known as Orient Refractories Limited (ORL) is in the business of manufacturing and marketing special refractory products, systems
and services to the steel industry in India and Globally. It is a market leader for special refractories in India and has many global customers for its international quality products.
KEY POINTS
Revenue Breakup
Presently, the company earns 74% of its revenues from manufacturing of refractories and 22% from trading of refractory items.
Dependent Industries
Demand for refractory is primarily dependent on steel industry, which accounts for 75% of total sales. Refractory products are also used glass, cement, non-ferrous, petrochemicals, etc.
Manufacturing Facilities
The company has 2 manufacturing facilities located in Bhiwadi, Rajasthan and Tangi, Odisha for its manufacutring operations.
Capacity Expansion & Investment
In FY20, The company purchased certain assets of Manishri Refractories & Ceramics Pvt Ltd's plant situated at Cuttack, Odisha for ~44 crores. The plant has capacity of 10,000 tonnes of MGU bricks which will be increased to 18,000 tonnes post capex.
It also acquired 100% stake in Intermetal Engineers India Pvt Ltd for 10 crores for manufacturing of steel plant equipments which are exported to its customers in Gulf and African Region and caters to 400 plant customers in India.
Merger Scheme
The company proposed a merger scheme to merge RHIIndia and RHIClasil (promoter group entities) with the company.
The merger would issue ~4 crore equity shares to the shareholders of RHIIndia and RHIClasil which would have increased the equity capital of the company to 16 crores.
The scheme was rejected by the NCLT in March 2020. However, the NCLAT directed NCLT to approve the scheme without any delays January, 2021.
Acquisition by RHIMagnesita
RHIMagnesita acquired 43.6% stake in the company from the core shareholders in March, 2013.
It further acquired 26% stake through an open offer in April 2013.
RHIMagnesita is a global leader in refractories with largest number of manufacturing locations around the world.
Disc: Not invested as yet , might add a tracking position next week.
Buy WockPharma above 408 SL 389 TGT 487Wock Pharma at very strong support . i used 4 hour time frame to analysis the above stock . entry and exit are based on P &F charts 1% box reversal method . why i choose the point and figure is the method give you exact price to enter and exit . please use stop loss .
BHEL - LONG TRADEIt can be good choice for swing trade for a couple of weeks if it breaks the downward trend-line followed from 13 Oct 2021.
For this stock 60.7 acts as a crucial level from May 2004.
The Stock is at a trend line support
Trade Details:
Trade Active : When trend Line breaks
Entry: below 63
Stop Loss: Below Trend line
Targets: 66, 69.7, 74, 77
Holding Period: at least 2-3 weeks
Use trailing Stop Loss: Keep Stop Loss below the target , once the stock is going for next target.
Happy Investing :)
PIDILITIND Flag and Pole PatternThe stock has made flag and pole pattern. It can give a good move in coming days. Keep an eye ! This is just for educational purpose and not any investment/trading advise. Do your own analysis too.
Renewable energy stock looking BullishNSE:BORORENEW Borosil renewable is looking bullish as giving breakout of descending triangle pattern after consolidation, and has retested the support by making a hammer .
HEMIPROPThe stock is likely to give a good breakout if it manages to break the range and the level of 167.35 . Do your own research before taking a trade. Thank you.
Buy IGL cmp 455 stop loss 440 target 505This is a contra call on IGL . stock is available at the previous support level . with less risk reward is very favorable. keep strict stop loss. in such type of trades where we take decision opposite of stock trend . we should allocate less capital to such trades and stop loss is must .
BULLISH ON DEEPAK FERTILISERretest after breakout ..... it can give a TARGET of 450 in near short term , and entry below 412.
this is not a stock recommendation, only for educational purpose.
Can Long PERSISTENTChart looks like will support moving average can enter with Green Candle. SL As Your Risk
Reliance Industries will Fall in few Days 18/03/2021as very simple price action analysis
it is currently in the distribution phase and will fall as its current volume gets Consolidated and diluted
this Share will fall and make some retracement to the golden one of the Fibonacci Retracement
Pharma Stock seems very bullishI see" NSE:POLYMED can give good move from here, after good consolidation in channel and triangle pattern, it has given breakout and have taken support with inverted hammer candle. IF any suggestion don't miss to comment and if liked give a thumps up :)
STRONG MOMENTUM in DEEPAK_NITRITENSE:DEEPAKNTR
current week candle showing good momentum.
CURRENT WEEKLY BULLISH CANDLE ENGULFED PREVIOUS WEEK BEARISH CANDLE , it may show good reversal towards its all time high.
it can be taken as short term trade. ready for a BIG MOVE.
do your own analysis before investing.
Arvind Analysis #NSEBest Buying Price to buy Arvind Share
On time the market is falling
Let the market sentiments setle then we can see buying in stocks too
arvind is a good share fundamentally
#RSI value too Approaching near 30 Consider buying only if we see reversal
Adaniport4 hour chart support & Residence level view first support 740, second support 699-691 below risk, but upside 806 cross more Possible uptrend
GMR IDEAfrst 46.50---51.30
or
second 42.05---51.30
or
third 51.30--- 60 above
these are three possible setup for GMR INFRASTRUCTURE.
GMR=BULLISH
BUY HOLD TILL 51.30
BEML long if its close above 1380 then 4 month breakout with pattern, take trade only after candle close. for the target of 1550 in few weeks with strict sl of 1280.
good breakout that type of pattern generally gives target easily.
SAIL IDEA so there is more probability for the price the to up too 160 and 260 which is massive raise for the steel, but if we brk 100 and below then it can go down nearly to 70-80. for me buying now is the good option
Cartrade Long After listing stock almost correct 300 points and now stock value is at very good pricing level and potential to gain 16-18% in one or one half month
so, here we find this stock at very good price.
buy only above after sustain around 1301-1305 levels.
with strict SL of 1205 for the target of 1500-1550
Double top or potential H&S in ACC?Either way, chances are ACC is going down unless a new pattern invalidates these. Keep an eye!
TATA Power Multiyear Breakout *TATA POWER LONG TERM ONLY*
Tata Power is good stock for hold long term because after a sharp multiyear downfall and consolidation level stock near breakout level of multiyear but we can't buy stock at this range so, due to FOMO we can add some quantities at this level and when market maybe correct or consolidate in future then we can accumulate this stock till 115 level.
Buy Levels: Some quantities at this level and accumulate till 115
SL: 89 for long term only
TGT: Open Because stock has caliber to give very handsome returns in few years.
NSE:TATAPOWER
