SHREEPUSHK trade ideas
#SHREEPUSHK Bottoming out This chemical stock looks good to long , as earlier signs of bottoming out seen!
Darvas box Bo in weekly TF
Good base+ Following TL since covid lows.
Good upside 25-50% possibilities with 150 WCB as your SL
SHREEPUSHKSHREEPUSHK
All targets mentioned
***I am not SEBI Registered. All my charts and analyses are only for educational purposes not for trading purposes
ShreePushkarChem Daily timeframe analysis for long term
NSE:SHREEPUSHK is at breakout level of 228 after so long consolidation.
We can see long term move above 228 with SL of 200 and can average till 210.
Major targets levels are highlighted in blue lines.
SHREE PUSHKAR Manufacturer of dye intermediates, reactive dyes, cattle feed , fertilisers, acid complex .
In 1993 company was engaged in trading of chemicals. It switched to manufacturing of dye intermediates from 2000 .Over the last 15 years company has done backward integration by putting up capacities for manufacturing RMs used in dye intermediates.
As per recent concall:
Expectation of recovery in the fertilizer segment in Q4 FY24
Optimism about future growth and potential revenue of approximately Rs. 900 crores to Rs. 1,000 crores in a normal market scenario
Considering the EBITA margin @10% on conservative basis as per management; the company can report a net profit of 55-60 cr translating into EPS of 17-18.
On technical parameters company has retest the life high of 320 in april'22 and since then moving sideways. If the company is able to cross 230 levels we may see 320 level in next 6-12 months.
Rectangle BreakoutLooks Good, Brokeout in falling market. We give good return If It sustain the breakout.
Classic Chart Pattern.Shree Pushkar Chem, is making cup and handle form, you can take entry with small qty and wait for breakout and add more qty.
shreepushk longAfter a long basing. Looks ready for new journey.
immediate target 336.
final tgt 650+
cmp 278
Shree Pushkar Chemicals & Fertilisers Ltd.*Shree Pushkar Chemicals & Fertilisers Ltd.*
Cup & Handle Formation: Weekly Basis
Strong Price/Volume Consolidation.
Price BO to be Watched
*With Increase in Price, Trail Stop Loss*
*Book Profit as per Your Risk Appetite*
*Fundamentally Sound Company*
Engaged in manufacturing / trading of chemicals, dyes & dyes intermediate, cattle feeds, fertilizers and soil conditioner.
Stable Sales / Profitability on Qtrly / Yearly Basis.
Low Leverage / +ve Cash Flows
Significant Promoter Holding. FII Stake Increasing since Jun'21.
Dividend Paying Co.
Concern: RoA/RoE/ROCE on decline since Last 3 Years.
Revenue / Profitability Improving - Qtrly (Since Jun'21)/Yrly Basis. Moderate Leverage / Improving WC Cycle. Dividend Paying Co. FII stake decline in last 2 Qtrs.
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ and is Respected.
Happy Investing :)
SHREEPUSHK NSE BULLISHVIEW ABOVE 246 CMP 249.5SHREEPUSHK NSE is bullish if 246 holds. Fresh Breakout. Near Lifetime High. Positive Trend.
***** For Educational Purpose Only. Not Buy/Sell Recommendation.
Mentioned Levels in chartMentioned Levels in chart for Shree Pushkar Chemicals & Fertilisers Limited
shree pushkar chemical weekly chart trading in channel . breakout retested , tgt 210/240 stop loss 165
GO LONG ON SHREEPUSHKCLEARLY YOU CAN SEE THE TRENDLINE IS BREAKED, MOMENTUM IS VERY HIGH AND ALSO CHOPPINESS IS AT IT'S LOW. YOU CAN SET YOUR TARGET TO 142 FOR LONGER INVESTMENT AND SET STOP LOSS AT 97.
