BANSWRAS trade ideas
BANSWRASNSE:BANSWRAS
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
banswaraBan On Chinese Cotton by United states
The USA house of representatives has officially *passed a bill banning all imports of cotton* from the Xinjiang region of China on acocunt of human rights violations.
The Xinjiang region produces nearly 20% of the world's cotton & 84% of China's cotton. The bill will now move onto the senate and then to the President of USA for it to be officially signed into USA law.
*Pakistan exports reduce:* Pakistan too is facing trouble in its textiles exports owing to various domestic problems such as energy crisis due to delayed imports of gas and depreciated value of the Pakistani rupee which has led to high costs of fuel imports raising the cost of production.
Overall these developments bodes extremely well for the textiles players in #india as *combined with this there is also textiles parks on the anvil from the government of India and #plischeme will provide export incentives to the Indian companies to make them globally competitive.*
However, owing to the dramatic run up of cotton prices across the world including India (cotton prices up more than 50% in India currently as compared to last year cotton season) *and also the yarn prices lagging the commensurate increase as compared to last quarter would lead to margin squeeze qoq,* the players to benefit the most from these developments will be the *vertically integrated textile players like $K.P.R. Mill Ltd. , A$ $Arvind Ltd. ., B $Banswara Syntex Ltd. etc and pure convertor companies like $Gokaldas Exports Ltd. .* However cotton spinners may not benefit from the same.
Looking at benefit from all these, the other players are looking to acquire small players like $Sintex Industries Ltd. where four major players like $Reliance Industries Ltd. $Welspun India Ltd. etc are in a foray for the same.
