cup and handle chart patternideal cup and handle pattern formed and currently at support with a potential of 34% upside according to cup and handle pattern target projection method
KOTHARIPET trade ideas
Kothari Petro blasted its way out after a c&h and now F&PNSE:KOTHARIPET first identified on June 16th for a breakout above 148. Then it did a beautiful C&H breakout followed by a consolidation and now awaiting to zoom past a flag and pole to reach a TGT of 302.8 in a month or two!
Kothari Petrochemicals-Nice BreakoutKothari Petrochemicals-Nice Breakout
Capital to be deployed -20k
Investing Price -208-215
Breakout Price -208
Stoploss -177
Targets -453
#kothari #StockMarketindia #StockToWatch #StocksInFocus #stockstowatch #StocksToTrade
Kothari PetrochemCMP : 135
The company is the leading manufacturer of polyisobutylene (PIB) in the country, boasting a nameplate capacity of 36,000 MTPA.
PE - Only 12
ROEC- 29.3%
Can add now for the long term with 10% SL or add if fall more around 126-128.
Invesment Advise on Kothari Petrochemicals LtdKothari Petrochemicals Ltd is fundamentally good company. it is debt free, Company has delivered good profit growth of 31.8% CAGR over last 5 years
Good to buy around 110 to 130.
-View for education only, not a registered advisor.
KothaThese are swing idea's which you can add your watchlist and analysis for yourself.
Keep on radar.
Potential upside stock!
Resistance Breakout (Weekly TF) - KOTHARIPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 4% profit (In my observation, I found that most of the stocks reached 3% to 4% on weekly basis)
Please consider these ideas for educational purposes.
Kothari Petrochemicals Ltd.*Kothari Petrochemicals Ltd.*
C&H Formation on Yearly Basis.
Strong Price BreakOut & Sustained.
Vol. BuiltUp Continuation to be Watched.
Trail SL with Upside.
Book Profit as per Risk Appetite.
Co. Mfgs. Poly IsoButylene: Used in Non-staining metalworking fluids, High temperature/specialty lubricants, high viscous / energy efficient gear oils & greases.
Capacity Expansion under WIP.
Growing Sales / Profitability: Qtrly/Yrly Basis. Double Digits OPM.
Low Leverage, Growing TNW, +ve CF from Ops. Growing C&CE. Satisfactory WC Cycle.
Stable Promoters Stake.
Do Your Own Research as well. This is an Opinion.
Happy Investing 😇
Triangle Pattern Breakout - KOTHARI PETROCHEMPlease 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 purpose
Flag and pole pattern chartMonthly bull flag indicating bigger targets in the stock. Stat long. Stock in demand zone.
KOTHARI PETROCHEMICALS BREAKOUTNSE:KOTHARIPET broke out from the triangle pattern after consolidating in it for 5 months.
The closing of the breakout candle is strong and volume burst is significant.
Buy 90% of your position if it breaks 71.4 level and sustains in 15min timeframe. Enter with 10% position after some sort of dip or retrace.
Stoploss marked on the chart. Placed below the pattern.
Follow strict risk management. Happy trading!
Kothari PetroChemical IndiaSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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Kotharipet - Swing trade Kotharipet CMP - 17.40
Looking Bullish and one can go for quick short term investment with the following targets below.
Buy @ 17 - 18.50 / Stop Loss - 14.50
Target 1 - 19.50
Target 2 - 20.50
Target 3 - 21.50
Note: This is my view and for educational purpose only
