Jayant Agro Buy at CMP
STOPLOSS: 212
RATIONALE: It has formed a rounding bottom pattern on weekly chart, over 2 years and broken out above the neckline in Jul-21. Tested the resistance at around 318 and has pulled back to the breakout level and confirmed the reversal on 03-Sep-2021 with a bullish candle. Seems a good positional buy for a long run up.
NOTE: THE ABOVE IS FOR EDUCATIONAL PURPOSES ONLY. ANY INVESTMENT/TRADING DECISION SHOULD BE BASED ON YOUR OWN ANALYSIS.
JAYAGROGN trade ideas
Jayant Agro Organics LtdJayant Agro Organics Ltd
JAOL is a part of the Jayant Agro Group. It is a global oleochemical company with foothold in the castor-based specialty chemicals industry. JAOL is an export oriented company with presence in 70+ countries. In FY23, company manufactured 80+ products, with 5 new launches.
Company is implementing a capex programme to expand their castor oil derivatives capacity. It is expected to incur capex of ~Rs. 15 crore for new derivative products (greenfield project at Jhagadi) in FY25 which would be funded through internal accruals. Further, the company plans to incur additional Rs.100 crore over the next 4 years to add new products, which will be funded mainly through internal accruals
Jayant Agro - A Positional PickAbout the company -
The Company is mainly engaged in manufacturing and trading of castor oil and its derivatives such as oleo chemicals.
The group is the leading player in India for the castor oil and castor-oil based derivative products. Group has over 5 decades of experience in castor industry.
Technical Parameters
1- the price gave a Breakout of Accumulation Range
2- intensity of volume is good at the time of breakout (suggests strength)
3- price looking to reach again at its all time high as monthly time frame suggests uptrend continuation
4- Price formed Flag N Pole chart pattern.
5- All the supporting indicators such as MACD, RSI, Bollinger Bands, are in good mood and suggestion longs.
Trade Plan
-- we can enter at Current Market Price and add when stock give some dip.
-- safe traders can wait for a dip of 5-10%
-- Stop loss is mentioned in chart as around 211
-- As there is a breakout of Flag N Pole Chart pattern, we can expect targets as the length of Pole which is around 550-570.
Disclaimer-
I am not SEBI registered. All the idea shared on this channel are for educational purpose. Consult your financial Advisor for any kind of investment.
Thank you
KARAN DINGRA
jayant agroJayant Agro-Organics is an emerging global oleo chemical company with leadership in the castor-based specialty chemicals industry. With proven research capabilities, strict adherence to stringent quality controls conforming to international standards and flawless record of honoring delivery schedules it is no wonder that Jayant Agro-Organics is the preferred partner of choice worldwide for sourcing of castor oil and castor oil derivatives. With the long-term approach they have adopted to the industry it is no wonder that they balance customer requirement equations not only chemically but also economically. Since ages, India has been known for unique contributions in more spheres than one. Today, India has carved out a distinct name in the field of castor oil and its derivatives in the world market.
Castor oil’s chemical structure is of great interest because of the wide assortment of reactions it offers to the oleo-chemical industry and the unique chemicals that can be derived from it. These derivatives are on par with the petrochemical products for use in several industrial applications. Infact, they are considerably superior since they are from renewable sources, bio-degradable and eco-friendly. The promoters of Jayant Agro-Organics realised the potentialities of castor oil more than 5 decades agro. Gifted with rare vision and foresight they explored the immense possibilities in castor by laying tremendous emphasis on R & D, which has resulted in Jayant Agro-Organics offering the largest range of castor-based products in the world.
Jayant Agro-Organics is a public listed company, traded on Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). It is a 100% export oriented unit (EOU unit) and leading the castor based industry in India. The company has people with vast experience in castor oil and its derivatives manufacturing – delivering much more than molecules, converting the molecules to products for markets and turning ideas into solutions. Great solutions are the results of inspiration, hard work, dedication and team work.
The company's strength is strong research-based innovation of castor-based chemical products and identifying new applications thereby creating new markets.
Product range of the company includes:
Agriculture
Castor meal - organic manure
Hybrid Castor Seeds
Food
Castor Oil esters
Viscosity reducing additive
Conjugated fatty acids
Medium Chain Triglycerides
Paper
Defoamer
Water proofing additive
Waxes
Plastics & Rubber
Coupling agents
Processing aids
Plasticizers
Polyols
Textile Chemicals
Surfactants
Pigment Wetting Agents
Raw-Material for Auxilliaries
Perfumeries
Heptaldehyde
Heptanoic acid
Undecylenic acid
Undecylenic aldehyde
Heptyl alcohol
Ethyl heptoate
Heptyl acetate
Cosmetics
Castor Oil
Emulsifiers
Castor Oil Esters
Undecylenic acid
Deodorant
Castor Wax
Medium Chain Triglycerides
Electronics & Tele- Communications
Polyurethane systems
Polyamide resins
Castor Oil
Castor Oil Esters
Polyols
Waxes for Cable Jelly
Capacitor Fluids
Pharmaceuticals
Glycerine
Castor Oil
Undecylenic acid
Zinc undecylenate
Enanthic anhydride
Calcium undecylenate
Hydrogenated castor oil
Paints, Inks & Adhesives
Polyols
Glycerine
Dimer acid
Polyamides
Alkyd resins
Ricinoleic acid
Thixotropic agents
Castor Oil - all grades
Wetting & Dispersing additives
Dehydrated castor oil (DCO)
DCO Fatty acids
Water-thinnable Resins
Lubricants
Dimer acid
Ricinoleic acid
Castor Oil Esters
Blown castor Oil
Heptanoic acid
Metallic salts
Hydrogenated castor oil
Hydroxy amide waxes
12-hydroxy stearic acid
Methyl 12-hydroxystearate
Corrosion Inhibitors
Sebacic acid
Polyol esters