Bharat Rasayan volume spurt channel breakoutBharat Rasayan is in consolidation last 3 years. The stock has seen the volume spurt in last few weeks. The stock will be out of consolidation from above 14450.
Market Cap ₹ 5,711 Cr.
Current Price ₹ 13,743
High / Low ₹ 14,284 / 8,333
Stock P/E 43.4
Book Value ₹ 2,377
Dividend Yield 0.01 %
ROCE 12.6 %
ROE 10.0 %
Face Value ₹ 10.0
Interest Coverage 46.1
Debt to equity 0.08
Debt ₹ 80.5 Cr.
Promoter holding 75.0 %
Trade receivables ₹ 394 Cr.
Trade Payables ₹ 72.8 Cr.
OPM 13.4 %
Sales ₹ 1,088 Cr.
Sales growth 5Years 1.08 %
BHARATRAS trade ideas
Bharat Rasayan - a breakout with ELLIOT WAVE ConfirmationBharat Rasayan
Bharat Rasayan Ltd is engaged in manufacturing Technical Grade Pesticides and Intermediates used in the agro-chemical industry. It was incorporated in 1989.
The company manufactures a wide range of pesticides including insecticides, fungicides, herbicides, weedicides, intermediates and plant growth regulators. It caters to all the pest problems of major crops grown in India including paddy, cotton, soybean, sugarcane and other crops.
Technical Parameters
Breakout of one year consolidation
The stock gave breakout of the range with the good intensity of volume
MACD
MACD is positive in daily as well as in weekly Time Frame.
RSI (Relative Strength Index)
RSI is Above 65 at breakout candle in weekly Time Frame which indicates higher strength
ELLIOT WAVE EXPLAINATION
The stock, since its incorporation (1999) has completed the bigger impulse waves named as black 1-2-3-4 and now it is moving towards the bigger black wave 5th to complete its impulse cycle of 1-2-3-4-5.
STOP LOSS AND TARGET
as per WAVES the stop loss is at 8280 but as per breakout trade the stop loss is at 9181
targets might be 15000-16000-17000
Disclaimer -
I am not SEBI registered. all the studies shared on this page is for Educational purpose.
consult your financial advisor for any kind of investment.
bharat rasayanBharat Rasayan, part of the Bharat Group of companies, is engaged in manufacturing technical grade pesticides, pesticides formulations and intermediates. It was incorporated on May 15, 1989.
The ISO 9001:2000 certified company manufactures technical grade pesticides like fenevalrate technical, 2,4-D ethyl ester technical and isoproturon technical at its plant in Rohtak, Haryana, with a capacity of more than 2,000 MTPA. It has its own R&D and pilot plant facilities for developing new products. The company has been granted export house status by the Government of India. Its products are exported to 50 countries in Asia, South America, Africa and the European continent including Russia with sales agents in the Middle East, South-East Asia and European countries.
The company has well equipped laboratories with modern and sophisticated instruments such as HPLC, GC, IRUV, Spectrophotometer, Polarimeter and Karl Fischer Titrators, etc. All equipments used in manufacturing, testing and packaging of the materials are regularly maintained and calibrated both at its in-house and by third party laboratories. High quality performance standards are achieved through qualified and experienced staff, modern equipment, documented procedures and an established quality assurance system.
Technical staff who are highly qualified and experienced in chemical research analytical development, safety-health environment, regulatory requirements, engineering and information technology, quality assurance, IPF, etc. They provide a comprehensive and complete technical support. Complementing them qualified and well trained chemists, quality assurance and control personnel.
[Basket] Bharat Rasayan Compression Buy Idea Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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BHARAT RASAYAN LTD (LONG)Took support near 10K level
now in Bullish Mode
Buy near 11500
SL 10,000
Deep SL 9150
TGT 13800-15000-18000
Positional Trade
Must Correlate yourself also on charts before taking an entry. This is for Educational purposes only. Please consult your Financial advisor before investing.