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ORIENTAL CARBN & CHEM LTDORIENTAL CARBN & CHEM LTDORIENTAL CARBN & CHEM LTD

ORIENTAL CARBN & CHEM LTD

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OCCL trade ideas

(NSE:OCCL )Oriental Carbon on move up Market Share: # OCCL is the sole manufacturer of Insoluble Sulphur (IS) in the domestic market. Majority of demand for insoluble sulphur is derived from the automotive tyres industry. It enjoy a domestic market share of nearly 55%-60% and around 10% market share in the global market. OCCL has established itself as a preferred first/second supplier to all major tyre manufacturers in global markets Capacity as of FY20: # IS plant spread across 2 units (Dharuhera & SEZ Mundra) of 34,000 metric tonnes per annum. Upcoming Capex # Capacity expansion underway to expand the Insoluble Sulphur capacity by 11,000 MTPA & Sulphuric acid capacity by 42,000 MTPA, spread across two phases at its Dharuhera facility. Total project will cost 216 Cr, funded with a debt equity ratio of 2:1. Phase-I of IS capacity expansion by 5500 MTPA along with Sulphuric acid capacity at an outlay of 156 Cr is underway. Commissioning for the project has been pushed to July2021 from Q3FY21 as envisaged earlier for phase-1. reference: Screener.in
OLong
by Peaceful-Weekend-Investing
Good SetupParallel channel breakout. Also 4 year resistance zone have become as a good support now for the stock. Easily can go to All time highs but first target can be 1420. There are three possibilities from here "a" ,"b" and "c". a- stock can touch recent lows around 1160-70 and can bounce from there. b- can touch the resistance zone once again and then bounce. c- Starts flying high from tomorrow onwards. We can take our position according to "a" and "b" because movement according to "c" will be difficult to execute.
NSE:OCCLLong
by SSR1999
OCCLTrade setup: Weekly: Crossed longterm trend line (red colour) with volumes, and sustained this time. Daily: golden crossover (21EMA > 50EMA > 200EMA) Entry = CMP (1133 INR) or wait for retracement to breakout zone (between 995 INR - 1050 INR) SL = 950 INR Target = 1202 INR (T1) and 1322 INR (T2) Fundamental Analysis: Oriental Carbon & Chemicals Limited is engaged in manufacturing INSOLUBLE SULPHUR & Sulphuric Acid. The company operates in an oligopolistic market structure with only three credible players in the international market & OCCL being sole player domestically. Its global market share is around 10%. Over the long term OCCL is worth exploring. In short term, Invest in a staggered manner as there may be short term hiccups because the company is closely linked with the automobile sector, and there are quite a few hurdles for the automobile sector which can be overcome only once the economy starts functioning in full that is after the pandemic. (source: Darkhorsestocks.com)
NSE:OCCLLong
by Madhukavali