Himadri Speciality - Increased Volume on Daily Chart, crossed important huddle of 49.9 next huddle 54.5
Entry - above 54.5 (Can enter now to reduce Stop loss also but slightly risky)
Stop loss- 41.5 (Trail Stop 49.9 after 54.5 is crossed and sustained)
Trgt1 - 81
Trgt2 - 114
Duration - 1 year
All numbers are weekly based
Bussiness model : Co manufactures a wide range of carbon materials and chemicals. Its products include coal tar pitch, carbon black, specialty carbon black (SCB) Naphthalene, Advanced carbon material, SNF (Sulphonated Naphthalene Formaldehyde) and specialty oils.
They are planning to expand production of Lithium Titanate Oxide which will be used for electric vehicle Batteries.
It has transformed its portfolio from low value products to high valued products over the years for higher margins.
Mar 2020 and Jun 2020 has been bad Quarters for this Co due to Covid expect this Co has been performing consistently well.
Promoter holds 45.43% slightly below average.
Debt 596 crs can be cleared with 2 years profit, however Company is looking for expansion so Debt clearing won't happen soon.
Co is profitable from last 4 years since sales growing at good speed
Cashflow decent from last 6-7 years
Technically accumulation has happened on monthly charts from last 4 months and stock is ready to breakout from its Cup and Handle pattern
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Entry - above 54.5 (Can enter now to reduce Stop loss also but slightly risky)
Stop loss- 41.5 (Trail Stop 49.9 after 54.5 is crossed and sustained)
Trgt1 - 81
Trgt2 - 114
Duration - 1 year
All numbers are weekly based
Bussiness model : Co manufactures a wide range of carbon materials and chemicals. Its products include coal tar pitch, carbon black, specialty carbon black (SCB) Naphthalene, Advanced carbon material, SNF (Sulphonated Naphthalene Formaldehyde) and specialty oils.
They are planning to expand production of Lithium Titanate Oxide which will be used for electric vehicle Batteries.
It has transformed its portfolio from low value products to high valued products over the years for higher margins.
Mar 2020 and Jun 2020 has been bad Quarters for this Co due to Covid expect this Co has been performing consistently well.
Promoter holds 45.43% slightly below average.
Debt 596 crs can be cleared with 2 years profit, however Company is looking for expansion so Debt clearing won't happen soon.
Co is profitable from last 4 years since sales growing at good speed
Cashflow decent from last 6-7 years
Technically accumulation has happened on monthly charts from last 4 months and stock is ready to breakout from its Cup and Handle pattern
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
New Trailing Stop loss : 53 (Weekly Close)
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
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