NETWORK 18 - RANGE BREAKOUT FOR SWINGRANGE BREAKOUT FOR SWING TRADING
NEW BUY PRICE : 95
SL : 85 (only for swing traders)
TARGET : 120, 135 (40%)
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Breakoutstocks
EVEREST KANTO CYLINDER - SWING TRADING STOCK 25/08/2024BREAKOUT STOCK FOR SWING TRADING
BUY PRICE : 183
SL : 150 (only for swing traders)
TARGET : 280 (50%)
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
ALKYLAMINE is Reacting & Showing Change in Structure & STORYNSE:ALKYLAMINE
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TURN-AROUND STORY IS IN PROGRES IN TERMS OF PRODUCTION FACILITY AND SUSTAINABLE PRODUCT WHICH WILL BE ABLE COMPETE CHINESE COMPATETORS
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Company has reduced debt.
Company is almost debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 19.0%.
Company has been maintaining a healthy dividend payout of 26.5%.
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Strong financial risk profile and ample liquidity: Networth was healthy at Rs. 1263 crores as on March 31, 2024 (Rs 1165 crore as on March 31, 2023), with nil gearing as on March 31, 2024.The total outside liabilities to adjusted networth (TOL/ANW) ratio though had decreased to 0.25 time as on March 31, 2024 from 0.36 times as on March 31, 2023, and it is expected to improve over the medium term driven by steady accretion to reserves, absence of long term loans and moderate reliance on external debt for working capital and capex. Cash and cash equivalents of Rs 17 crore as on March 31, 2024, provide cushion to overall liquidity. Interest coverage ratio has improved to 60.4 times March 31, 2024. It is expected to remain healthy over the medium term.
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KOPRAN Showed Breakout with Huge Volume at 52 Weeks High ZoneNSE:KOPRAN
The co. has set up a new API plant at Panoli, commercial production at this facility is expected to be started from Q3 FY25. In FY23, it completed upgradation and expansion of the multi-product plant at the Mahad facility for existing products and to manufacture new molecules.
An integrated Pharmaceutical Company, committed to supplying International
Quality Formulations and Active Pharmaceutical Ingredients (APIs) globally.
State-of-the-art manufacturing facilities and products with various accreditations
and approvals by major global regulatory authorities.
The formulations vertical is operated through Kopran Limited.
The API vertical is being operated under Kopran Research Laboratories Ltd.
(KRLL), a wholly owned subsidiary of Kopran Limited
GENUSPOWER- Bullish Breakout and Strong Volume Support
Bullish Breakout Above Resistance: The stock has broken above a significant resistance level at ₹389.10, indicating a bullish trend.
Range Trading Since July: The stock had been trading within a range from July, between ₹343.70 and ₹389.10, before the breakout.
Strong Volume Support: The recent breakout is supported by good volume, adding strength to the bullish move.
Positive RSI: The Relative Strength Index (RSI) is above 50, suggesting continued momentum in the upward direction.
Voltas Ltd: Bullish Breakout Confirmed
Bullish breakout confirmed above the ₹1,556.20 resistance level.
Strong volume support indicating potential for continued upward momentum.
RSI indicates a healthy trend, not yet overbought.
Potential for further gains in the near term.
Keep an eye on upcoming market movements for opportunities.
Coal India Ltd - Approaching Breakout LevelCoal India is nearing a crucial resistance level at 543.00. A breakout above this level could signal a strong bullish move. The stock has been following an ascending trend line, showing consistent upward momentum. Watch for a potential breakout and follow the trend for trading opportunities.
Reliance Industries: Breakout Likely in Either DirectionReliance Industries Ltd is currently trading in a consolidation range, with potential for a breakout in either direction. Key levels to watch include Resistance 1 at 3056 and Strong Support 1 at 2766. A decisive move is expected soon, with strong resistance at 3217 in case of an upward breakout.
Patanjali Foods Ltd: Bullish Breakout with Strong VolumePatanjali Foods Ltd has demonstrated a significant bullish breakout supported by strong volume. The ascending trend line confirms the upward momentum. This breakout signals potential for further upward movement, as indicated by the strong buying interest and RSI close to the overbought zone.
CERA SANITARYWARE is At ALL TIME HIGH with Positive NumbersNSE:CERA
Established market position in the sanitaryware segment and diversified revenue profile: Cera has a track record of nearly three decades, strong brand image and a large retail network in the sanitaryware industry. It is one of the leading players in this segment, which has been one of the largest revenue contributors over the years, accounting for around 47% of turnover in fiscal 2024.
Over the past few years, Cera has been leveraging its strong market position in the domestic sanitaryware industry by venturing into related business segments, such as faucets, tiles and wellness and allied products, thus becoming a complete bathroom solutions provider. Successful diversification into related businesses has helped lower dependence on the sanitaryware business, besides improving the efficiency of the distribution network.
Intense competition and volatile demand from the real estate sector led to sluggish revenue growth in fiscal 2024. However, with improving demand prospects expected and demand from real estate to remain healthy with projects reaching completion over the next 2-3 years, revenue in the sanitaryware segment is likely to see healthy growth over the medium term. Sanitaryware, faucetware, tiles and other products accounted for 47%, 36%, 10% and 7%, respectively, of the company’s turnover in fiscal 2024. Also, the company has presence across various domestic markets in south, east, north and west, providing adequate geographical diversity.
Healthy financial risk profile: Networth was healthy at Rs 1,358 crore and gearing low at 0.02 time as on March 31, 2024. Debt protection metrics are expected to remain strong, in the absence of large, debt-funded capex and healthy operating performance. Cash accrual is expected at ~Rs 180-230 crore per annum and will comfortably fund the capex plans in fiscals 2025 and 2026 and incremental working capital requirement. Hence, reliance on debt is expected to be low, sustaining strong debt metrics over the medium term.
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 31.4%.
ZERO DEBT COMPANY
Cash and Cash Equivalents
of Rs. 828 crore; primarily
liquid investments.
• No Contingent Liabilities for
Joint Ventures
POSITIVE FREE CASH FLOW EVERY YEAR
Consistent cash generation each year
• Annual Capex requirement < Free Cash flow
generation.
• Increasing gap between annual cash flow generation
less dividend outflow and capex.
• Regularly paid dividends for the last 30 years +
AGGRESSIVE FOCUS ON CAPEX
Fixed Asset turnover of ~5.6x.
• Uniform organization-wide policy to
monitor receivables – credit not used
to drive revenues.
• ERP automatically shuts down fresh
supplies to dealers / customers with
dues in excess of 45-60 days
Multilayered Marketing Infrastructure.
⚫ Enhances retail experiences, retailer owned
⚫ Currently 1,067 Cera Style Centre’s (CSC’s)
operational
⚫ Over 1,400 CSCs planned in the next 3-4 years
⚫ Minimum size of showroom ranges between 100 sq.
ft. - 500 sq. ft.
Multilayered Marketing Infrastructure
⚫ 11 CERA Style Studios (CSS): Ahmedabad / Mumbai /
Bengaluru / Kolkata / Cochin / Hyderabad / Trivendrum
/ Morbi / Kadi / Mohali & Lucknow (Upcoming)
⚫ Discerning customers including influencer's can touch
and feel products
⚫ No sales orientation / pressure
⚫ The average size these company owned showroom are
approx. 7,000 sq.ft.
⚫ With more than 14,000 sq.ft. of display, Hyderabad CSS is
the largest company showroom in this industry
BKR & ED: Keep an eye for multiyear breakoutBaker Hughes Company
The stock was earlier caught in a prolonged consolidation phase, during which it established an Inverted Head & Shoulder pattern.
After the breakout, the price experienced a sharp rise but underwent a correction following the formation of a Double Bottom pattern.
Subsequently, the stock entered another period of consolidation, gradually trending upwards.
During this time, an Ascending Triangle pattern formed, and the price has recently achieved a successful breakout.
If it maintains its position above the breakout level, the uptrend is expected to persist.
Consolidated Edison
In the weekly chart, the price initially moved downwards and created a Falling Wedge pattern.
Typically, when this pattern emerges, the price surges higher following the breakout.
In this case, the price indeed soared to its record high around the 102 mark post-breakout.
However, the stock couldn't sustain the upward momentum and swiftly dropped from the all-time peak.
Subsequently, a consolidation phase began, with the price consistently finding support at the 200 EMA.
At present, the price is poised for a breakout, potentially leading to an upward rally upon confirmation.
HFCL Ltd (HFCL) Breaks Out with Strong Volume
Breakout confirmed with a bullish move above the resistance level.
Significant increase in trading volume, indicating strong buyer interest.
Critical support level established as a strong base.
RSI approaching overbought territory, suggesting potential for further gains but also warranting caution.
KNRCON Have Broken All Time High Giving Target of Around 25%NSE:KNRCON
BUSSINESS OVERVIEW
One of the leading companies providing Engineering, Procurement and
Construction (EPC) services.
Major Projects in Roads & Highways – one of the fast-growing sectors
Established presence in Irrigation and Urban Water Infrastructure Management
25+ years of experience of project execution
Successfully executed more than ~8,700 lane km Road Projects
Projects executed across 12 states in India
Portfolio of BOT/HAM Projects
668 lane Kms Projects in the state of Telangana, Karnataka & Bihar
2 Annuity based Projects, 1 Toll based project and 8 HAM based projects
8 HAM based projects with total Bid Project cost of Rs. 96,188 million
Strong EPC Order Book
Total Orderbook as on 31st March 2024 53,048 cr.
₹ 31,980 Mn
Roads Sector
₹ 21,068 Mn
Irrigation and Pipeline Sector
Recently Won Projects
Construction of Access Controlled four laning with paved shoulder from
Mysore to Kushalnagara Section of NH-275 on Hybrid Annuity Mode
under NH(O) in the State of Karnataka (Package IV) worth of 5750 CR.
Construction of Access Controlled four laning with paved shoulder from
Mysore to Kushalnagara Section of NH-275 under NH(O) in the State of
Karnataka (Package V) worth of 6250 CR.
1. Project Execution Capabilities
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SIGNIFICANT EXPERIENCE AND STRONG TRACK RECORD IN TIMELY EXECUTION OF PROJECTS
Top management’s active involvement at all stages of Project execution
Selection of Major Raw Material
Selection of construction Camp location
Faster Decision making to ensure project completion on schedule
Received Bonus for completion of construction ahead of schedule
Nasdaq & RTX Charts Suggest Promising Growth AheadNASDAQ
After a powerful uptrend, the stock encountered a significant resistance around the 72 level and plummeted sharply thereafter.
Finding stability near the 47 level, the price surged within a Rising Wedge formation.
Typically, following the appearance of this pattern, a decline occurs post-breakout. This scenario unfolded exactly as expected.
Subsequently, the stock price consolidated and established an Inverted Head & Shoulders pattern, signaling a potential reversal in trend.
With two successive breakouts, the stock is currently advancing with strong volume backing.
RTX
We have observed a period of price consolidation within a Symmetrical Triangle pattern in the past.
After the breakout, there was a noticeable price surge, propelling the stock to reach its previous all-time high.
However, the stock faced a significant rejection at that level, leading to another consolidation phase and the formation of a symmetrical triangle pattern.
Once the pattern broke down, the price dropped back to its previous support zone.
Since then, the stock has been steadily moving upwards and recently experienced a strong breakout, surpassing its previous resistance level.
At present, the stock is trading at a new all-time high and is anticipated to continue moving even higher.