EMAMILTD trade ideas
decreasing its pledge , a good buy1.The group completed the sale of its cement business to Nuvoco Corporation Ltd in July 2020 for an enterprise value of Rs 5,500 crore. The completion of Emami Cement deal with Nuvoco has been an important step in the Group’s stated objective and commitment to release the Promoter Pledge
2.FMCG – Emami Ltd -The flagship company of the Group & one of the leading FMCG players in the country which is engaged in manufacturing & marketing of personal and healthcare products like Navratna, BoroPlus, Zandu Balm, Fair & Handsome and Kesh King. The Company has also forayed into the Home Hygiene Category with the launch of its EMASOL Range of Products.
3.Bio Diesel and Edible Oil – Emami Agrotech – 2nd largest edible oil refinery in India with a capacity of 11,000 TPD. In addition, it is Eastern India’s only biodiesel manufacturer.
4.Paper – Emami Paper Mills – India’s largest newsprint manufacturer with recent diversification in multi layered paperboard.
5.Writing Instrument – CRI Ltd – World’s 2nd largest ball point tip manufacturer.
6.Realty – Emami Realty – A leading real estate company with prestigious projects viz. Emami City, Urbana, South City etc in Kolkata, Emami Tejomaya in Chennai, Emami Aerocity in Coimbatore and Emami Nature in Jhansi.
7.Healthcare – AMRI Hospitals– Eastern India’s largest chain of private hospitals.
8.Retail –Emami Frank Ross and Starmark – Largest pharmacy retail chain in the East & one of the largest leisure-cum-book store chains in India.
9.Contemporary Art – Emami Art and Kolkata Centre for Creativity – One of the largest creative centres and art galleries in India.
Intraday trade setup for Email ltdMajor points of analysis and decisions -
1. Trend pattern upside
2. Stock is at the below of trend channel
3. Doji formation at the bottom after many red candles showing an indecision among sellers or weakness in sellers
5. Strong long tail doji
6. RSI 50
Target 423-432
EMAMI - Weekly chartThis analysis is purely based on price action
The analysis is on Weekly TF hence target can be achieved in couple of weeks to months
Trade strategy is explained in image itself. Entry above high of the candle.
Always plan your trade & trade your plan
Keep trailing SL accordingly once in trade
SL should be on Weekly/Daily Closing basis as per trader's own capacity.
Trade at your own risk and money management
Feel free to comment for any queries & suggestion
EMAMI LTD (EMAMILTD) - Double Top Firmly In Place - 12/23/2016A general tide has lifted all the boats and now when it's ebbing, to borrow Mr. Warren Buffet's phrase - we will soon find out who is swimming naked. Many stocks have gone from ridiculous to insane levels and they are bound to come crashing down.
Emami Limited's first test will be at 900. That support may not hold during the thick of the things and we are more inclined to grab a little near 800 support level rather. Also please keep in mind that, even 800 level is most probably going to be the short term trade unless something changes. Below that, the stock has open area until 500. That's too far but we need to have our game plan ready because stocks take years to rise and they fall within days to undone all the work.
Another such stock is DABUR, which we begin to short near 320 and that has been materialized as perfect top ! There is no magic in it, it's power of simple objective technical analysis ;)