Will Shaily Go Up?hi sharing another stock with you, SHAILY recently break a consolidation zone also retesting the zone and it looks for another 15 to 20% upside.
SHAILY trade ideas
SHAILY ENG PLASTIC LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
SHAILY - Bullish oNStock name - Shaily Engineering Plastics Limited
✅#SHAILY
✅Next resistance - 1536
✅Moved 161% in 30 Weeks.
Weekly chart setup
Chart is self explanatory everything.
Master score - B
Disclaimer : This is for demonstration and education purpose only. This is not buying or selling recommendations. I'm not SEBI registered.
SHAILY - Bullish Setup oNStock name - Shaily Eng Plastics Limited.
✅#Shaily trading above Resistance of 860.
✅Next Resistance is at 1049.
✅Moved 123% in 22 weeks.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - A
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
SHAILY - Bullish Setup ONStock name - Shaily Engineering Limited.
✅#SHAILY trading above Resistance of 620.
✅Next Resistance is at 860.
✅Moved 57% in 13 weeks.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - B
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
Trade Idea In SHAILYHere we can see a Swing Trade in NSE:SHAILY
Buy NSE:SHAILY
CMP 600
TP 780
SL 464
Shaily Engineering Plastics Ltd. engages in the manufacture of injection molded plastic components. It operates through the following segments: Consumer, Healthcare, Personal Care, Automotive & Engineering and Steel Furniture. The company was founded in 1987 and is headquartered in Vadodara, India.
SHAILYStock name = Shaily Engineering Plastics Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - c
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
Shaily engineering plastic ltd Company chart look after break supply zone , consolidation above it.
Target 1 is harmonic butterfly
Target is crab harmonic.
Fundamentally 😗 average sound company
Shaily Engineering Plastics LtdTarget and SL in Chart
The Company is engaged in the manufacture and sale of injection moulded precision plastic components, sub-assemblies for various requirements of Original Equipment Manufacturers (OEM)
Consumer: This segment includes the Home furnishing and Toys business.
Personal Care: Its offerings under this segment range from razors to attractive cosmetics casings and more. Reputed clients in this segment are Gillette, Himalaya, Unilever, P&G, and WestRock.
Healthcare: It includes Drug Delivery Devices and Pharma Packaging. Some of its clients of this segment include Lupin, Aurobindo Pharma, Alembic, Zydus, Dr. Reddy’s, Sun Pharma etc
Automotive & Engineering: In this segment, the Co. manufactures components used in the turbochargers of high end luxury cars. Some of its clients of this segment include Siemens, Haier, GE, Emerson, and others.
Steel Furniture: The Co. diversified into the Steel furniture segment by establishing a new plant in Halol which started commercial production in Q3 FY21
Market Cap
₹ 1,410 Cr.
Current Price
₹ 1,537
Stock P/E
36.8
Book Value
₹ 438
Dividend Yield
0.00 %
ROCE
11.2 %
ROE
9.15 %
Face Value
₹ 10.0
Promoter holding
43.8 %
EPS last year
₹ 38.3
EPS latest quarter
₹ 13.7
Debt
₹ 187 Cr.
Pledged percentage
0.00 %
Net CF
₹ -16.0 Cr.
Price to Cash Flow
15.7
Free Cash Flow
₹ -21.6 Cr.
Debt to equity
0.47
OPM last year
15.1 %
Reserves
₹ 392 Cr.
Price to book value
3.52
Int Coverage
3.72
Price to Sales
2.39
Market Cap to Sales
2.39
