Swing trade - USHAMARTINCMP - 332 Green line - Support Red line - Resistance Keep trailing (With window of 5%) if going with large quantity. Exit if falls below 312 Longby LokeshSurana3
USHAMART TO THE MOON### Usha Martin Limited: CANSLIM Analysis Usha Martin Limited is a leading global manufacturer of wire ropes. The company operates in various segments, including steel and wire ropes, and serves industries such as oil & gas, mining, elevator, cranes, and infrastructure. Applying the CANSLIM method to Usha Martin involves a detailed look at its recent performance, industry position, and growth potential. #### C - Current Quarterly Earnings Per Share (EPS) For the latest quarter, Usha Martin has shown significant improvement in its EPS. According to the latest financial reports: - **EPS Growth**: The company reported an EPS growth of 15% year-over-year, driven by higher sales and operational efficiency. This consistent growth is a positive indicator, aligning with the CANSLIM requirement for strong recent earnings performance. #### A - Annual Earnings Growth Examining the annual earnings growth: - **Annual EPS Growth**: Over the past three years, Usha Martin has achieved an annual EPS growth rate of around 12%. This steady increase indicates the company’s ability to grow earnings annually, meeting the CANSLIM criterion for consistent and strong annual earnings growth. #### N - New Products, Services, Management, or Market Conditions Usha Martin has introduced several innovations and improvements: - **New Products**: The company has expanded its product portfolio, especially in specialized wire ropes catering to niche markets. - **Market Expansion**: Usha Martin is focusing on expanding its footprint in international markets, particularly in Europe and North America, which could drive future growth. - **Management Initiatives**: The company has undergone management restructuring to enhance operational efficiency and strategic direction. #### S - Supply and Demand - **Stock Performance**: Usha Martin’s stock has shown increased trading volumes and a positive price trend, indicating strong demand from investors. The company’s market capitalization has also been rising, reflecting growing investor confidence. #### L - Leader or Laggard? - **Industry Position**: Usha Martin is one of the leading manufacturers in the wire rope industry, holding a significant market share. Compared to its peers, the company demonstrates strong financial health and operational efficiency, positioning it as an industry leader. #### I - Institutional Sponsorship - **Institutional Investors**: There has been a notable increase in institutional ownership, with several mutual funds and institutional investors adding Usha Martin to their portfolios. This growing institutional interest is a positive sign, as it suggests confidence in the company’s long-term prospects. #### M - Market Direction - **Market Conditions**: The overall market conditions are favorable, with the manufacturing sector experiencing a rebound post-pandemic. Usha Martin is well-positioned to benefit from the increasing demand in its core industries, supported by global economic recovery and infrastructure development initiatives. ### Summary Usha Martin Limited aligns well with the CANSLIM criteria: - **C**: Strong quarterly EPS growth of 15%. - **A**: Consistent annual EPS growth of 12%. - **N**: Introduction of new products, market expansion, and management initiatives. - **S**: Increased trading volumes and positive stock performance. - **L**: Leading market position in the wire rope industry. - **I**: Growing institutional sponsorship. - **M**: Favorable market conditions. These factors collectively suggest that Usha Martin Limited is a promising candidate for growth-oriented investors, demonstrating strong financial performance, industry leadership, and favorable market dynamics.by IITIAN_TRADER2
#Ushamart 33% upside in Few months Based on the chart for Usha Martin Ltd (USHAMART on NSE) you provided, here is a trading recommendation: ### Trading Recommendation: - **Entry:** If the stock price stays above the current level around ₹371.25, as this indicates sustained buyer interest. - **Target:** ₹476.10 as marked on your chart. This target is based on the resistance level you've indicated, suggesting a significant upside potential. - **Stop Loss:** ₹343.20, placed just below recent lows to protect against downward movement. ### Trading Strategy: - **Observation:** The stock has shown a strong upward movement and recently breached a key resistance level. - **Action:** Monitor for stable or increasing prices above ₹371.25 before entering to confirm support is holding. This reduces the risk of a false breakout. - **Profit Targets:** The profit target at ₹476.10 allows capturing substantial growth while still being realistic based on past price behavior. - **Risk Management:** Setting a stop loss at ₹343.20 ensures that potential losses are capped and investments are protected if the trend reverses unexpectedly. ### Additional Considerations: - **Volume and Momentum:** Confirm that the breakout is supported by increased trading volume and positive momentum indicators. Here's an update on Usha Martin Ltd, including recent news and fundamental details: ### Recent News Usha Martin Ltd has been actively engaged in expanding its business. The company, known for its manufacturing of wire ropes, has recently been focused on enhancing its market position and leveraging technology for better operational efficiency. ### Fundamental Overview Usha Martin has shown a robust financial performance with significant growth in its revenue and profits. The company's focus on cost efficiency and expanding its product range has helped in maintaining a healthy profit margin. Additionally, the company's shareholding pattern reflects a stable investment by promoters and an increase in holdings by foreign institutional investors, indicating growing investor confidence. For a more detailed financial breakdown, including performance insights and the latest quarterly results,Longby TRADERSMONK072
USHAMART Good Breakout With High Quality Volume USHAMART Good Breakout With High Quality Volume Buy Above 355 Stoploss Near 280 Target Near 450 Holding Time 2-3 Year Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions. Longby manoranjan20507
Usha Martin Looking good as the weekly candle is almost nearing Gann levels @ 361 which should be a safe entry Overall a good structure and seems like a next leg of rally would start soon above 361Longby happyvegan102
Such A beautiful ChartFollowing 200 Sma Beautifully Should look this script in every Down move when it touches its magnet. Gratify if you appreciate the practice then you can like it, share it and If you want me to investigate any chart for you then would cherish doing that for you. Thank you for your time and support. Stay safe.by Anany_shringiUpdated 7726
Range BreakoutPlease look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking target for 1% - 2% For long-term trades look out for resistance drawn above closing. Please consider these ideas for educational purposeLongby Breakout-IdeasUpdated 8
Watch USHAMARTINLook over the chart, and enter if the resistance zone breaks (Blue channel). Make positions in tranches. Fundamental investors may buy in support (Green zone).by LokeshSuranaUpdated 3
USHA MARTlOOKS good for upmove Huge volume seen at downside Take entry at given level Only for educational purpose.Longby mrkundankkp0
USHA MARTINAfter breaking out tight price action, it can move fast after 199 (Only analysis)Longby avshanthi1
All time high in USHA **IT IS A LONGTERM IDEA** Follow below FOUR rules: 1)Book whole profit at the target price if you want. 2)Follow strict stoploss. 3)Use supertrend indicator as trailing stoploss if you want to ride the momentum and sell whole quantity once it hits the supertrend. 4)Wait as long as it hits the target price.(consolidation is more strong). CHART IS SELF EXPLANATORYLongby SravanMac447
Classic Chart Pattern.symmetrical Triangle, wait for close above or below breakout line, the take take trade in the side of breakout.by rmalhotra15090
USHAMART - WatchlistStock is Traveling in a Triangle pattern. Please keep it on the watchlist. Longby GArunSingh0
Usha Martin Bullishif the 26/7 candle cross above 150 then the target will be 158 ~162by SyedAbthahir_2308160
CUP & HANDLE - USHA MARTIN LTDCUP & HANDLE breakout above 140 - USHAMART RSI is around 66 crossover on MACD One can take as swing trade Target - 150 Stoploss - 127Longby radha_23Updated 4419
USHA MARTIN USHA MARTIN - Wolf (elliot) wave Confluence of wave 1 & wave 4 indicates a strong resistance at 143 levels. So 143 remains our short term target. NOTE - Wave length calculated on the basis of Fibonacci.Longby Ganand19124
Long on Usha MartinObservations: 1) Sell volume has dried up 2) Pocket Pivot buy triggered on Daily Time frame 3) Support taken at 200MA. 4) CE and XTrend positive. 5) QQE mod on green Conservative Trader can wait for pullback and re-enter. Target 160 levels are previous resistance.Longby yrdvasUpdated 1
Break-out and retestThis one has retested it previous high pre-breakout. View is invalid if it closes below 98 Disc : Not a buy/sell recommendation. Not holding.Longby TurtleQuant0
USHA MARTIN - Nice ConsolidationUsha Martin is ready for breakout after in nice consolidation in market downtrendLongby RAJEEV642
VCPVCP action. Missed pivot buy. Bough back at 94.8 next day on retracement. Inside day breakout (closing) will give boost to momentum. Longby UnknownUnicorn23160314Updated 0
Usha Martin moving to 67 cmp 48Chart formation looks strong for medium term 3 to 9 Months Do your research before investingLongby ShareTrading_Updated 1
Flag FormatiionFlag formation after rectangle break out with decent volume. Risk reward in favour, look out for the flag break out...Longby vilsongj110