CHEMFEB AlkaliesThe counter is following prominent Harmonic pattern having Targets beyond 800.
Sl - Red Line
TGTS - Blue Lines
CHEMFAB trade ideas
Chemfab AlaklisFundamentally goodow PE stocks is all set to start the next leg of the rally as it also delivered good quarterly results
Safe entry above 431
CHEMFAB ALKALIS - BREAKOUT HELLO FRIENDS,
Here I am sharing CHEMFAB ALKALIS which recently have given breakout of Flag and Pole chart pattern and also forming Head and Shoulder pattern
it has given breakout of flag n pole pattern with intensity of volume and the indicator that supports to take trade which are MACD and RSI are also in favor.
Flag N Pole breakout
The price is also trading above the significant EMAs i.e. 50-100-200
Macd in Daily time frame
Macd in Weekly time frame
RSI at the breakout candle is positive uptick and is also above 60 which shows strenght
Disclaimer
I am not SEBI registered analyst.
All my studies are for educational purposes.
I am not Responsible for any kind of your profits and losses.
Chemfab Alkalis LtdChemfab Alkalis Ltd
Asc. Triangle: Weekly Basis. Trend Reversal
Price / Vol. BreakOut.
Price Resistance@297. Once crossed, Good to Go till 326.
With Upside, Trail SL
Book Profit as per Risk Appetite
Snapshot
Estab: ‘83. Into Mfg. of basic Inorganic Chemicals, PVCO pipes.
Sep’22: 155 TPD of caustic soda / 6000 MTPA of PVC-O-Pipes.
Produces Chlorine, Hydrogen, Sodium hypo chlorite, Hydro chloric acid as by-products.
Capex: Setting up 250 TPD Caustic soda, Desalination & Aluminium chloride: 10000 TPA) Plant. Completion: Next 3 Yrs. 10,000 TPA. Cost: Rs.450 Crs (D/E: 4:1)
Growing demand from key end-use industries like Textiles, Pulp / Paper, Aluminium, Pharma, Agrochemicals, etc.
Sales / Profitability: Growing on Yrly/Qtrly Basis (Abbr. Sep’22 Qtr/FY21).
RoA/RoE/RoCE: Continued growth on Yrly basis. High C&CE bal.
Nil Debt, Strong TNW, +ve CF from Ops. Since FY17. Improving WC Cycle.
Constant Promoter stake at 73%
Concern:
Subdued results of PVC-O Pipes Div. Cyclical uptrend currently. RM Volatility. Competition from Large Cos.
Do Your Own Research as Well. This is Just an Opinion.
Happy Investing :)
