Bigbloc Construction back to back greens Back to back Bullish Green candles , closed above 200 SMA ,Super trend and 69 low EMA plus very strong MACD @ 0
Buy triggered for Big bloc construction
( Kindly do your own due diligence,not a buy or sell recommendation,for learning purposes only ) Thank you .
BIGBLOC trade ideas
BIGBLOC CONSTRUCTIONThe company is primarily engaged in manufacture, sale and marketing of AAC (Aerated Autoclaved Concrete) Blocks. These AAC Blocks of the company are marketed in the Brand name of NXTBLOC.
Aerated autoclaved concrete blocks are building materials that offer a combination of strength, low weight, thermal insulation, sound absorption, unsurpassed fire resistance and unprecedented build ability.
AAC is a steam-cured mix of sand or pulverized fuel ash(PFA), cement, lime and aeration agent.
AAC comprises myriads of tiny non-connecting air bubbles which give AAC its incredibly diverse qualities and make it a terrific insulator. AAC is a natural and non-toxic construction material, saves energy, and is environment friendly.
The company is one of the largest AAC Blocks manufacturer in India with 8,25,000 CBM p.a
In Dec,23, their WOS - Bigbloc Building Elements Private Limited initiated expansion of production capacity from 2,50,000 CBM to 5,00,000 CBM; the expansion will be met by mixture of internal accruals and debt and shall be completed within 6 months. Existing capacity utilisation is 85%. The company also has a planned expansion at Kapadvanj, Ahmedabad through a JV for 300,000 CBM. The capex of Rs.75 crs is planned
The company operates in 9 Cities in 4 States and has completed 2000+ projects till date and has 1500+ in pipeline.
The company has 100+ marquee clients including Lodha, HDIL (Housing Development and Infrastructure Limited), Regency Nirman, Mahindra, Larsen & Toubro, Shapoorji Pallonji,etc
In 2021, BigBloc entered into a strategic Joint Venture with Siam Cement Group (SCG) of Thailand with 48% holding with SCG and 52% with BigBloc. SCG, established in 1913 is one of the largest cement and building material companies in Thailand and Southeast Asia and ranks 2nd in 2021 Forbes list. The JV has started capacity building and is expected to commence operations by FY24 with collaborative marketing expenses.
The company plans to further increase the product basket which includes ALC Panels,
Block jointing Mortar, Tile Adhesives and Gypsum Plaster, and other construction chemicals etc
GOLDMAN SACHS and BIGBLOC = Money Goldman Sachs has invited BIGBLOC privately to their speaking event on march 15. Furthermore, the asset management companies over there were mostly from Hong Kong and one in London. There is rumor regarding a report being constructed about BIGBLOC by Goldman sachs to distribute to their clients through these AMC's about BIGBLOC. I am not fully sure regarding the report news however the dots do line up. There is a higher probability. I have been following BIGBLOC closley for a long while now. NSE:BIGBLOC is about to enter into it's 'product discovery' phase. The growth will be rapid with their project plants and expansion in focus. Promoters have also been buying heavily from open market. No buy sell reco.
Accumulate BIGBLOCI have already started accumulating, missed today’s chance of adding in more during the sharp fall. This company is financially doing amazing and expanding. There are bigger players accumulating this stock also. Will add more during dips and build this position. Long term targets are 500, 850,1000 in 1-3 years. Enjoy NSE:BIGBLOC
BIG BLOC PERFECT ENTRY for 500 TGT LONG TERMToday I got my trigger at 192.80 right on the edge of the daily FVG, which was right near day’s low. You guys want to enter you can join ,e on this journey. I’ve entered with a small position but this is a very long term investment so enter with small amount and build position continuously. This stock is involved in AAC blocks and they are dominating the industry, they also have expansion plans coming in making them the largest AAC block manufactures in India. Starting from FEB they will be involved in marketing their products and also launching AAC panels. They will receive 60% subsidiary from government also and soon will be diving into PAN-INDIA. THIS IS A VERY LONG TERM VIEW AND IS SUBJECTIVE TO CHANGE IF CONDITIONS AREN’T IN FAVOR. THIS IS NOT A BUY SELL RECO PLEASE DO YOUR OWN RESEARCH AND MANAGE YOUR RISK NSE:BIGBLOC
Fundamental beast ready for technical construction BIGBLOC BUYThe previous idea I published did’nt show the right chart I wanted to. BIGBLOC is involved in AAC construction bricks and this is the future. I have read through their annual reports and audits and the company has an advantage over JKCEMENT and ULTRATECH as the competitors use German CapEX. Technically, the accumulation phase has happened and sellers are seeing exhaustion. Price is trading in higher highs and lower highes and has created a channel. I am already invested in this and if you guys want to join along, you guys can wait for 160 levels to be sustained.
No buy sell reco NSE:BIGBLOC
Fundamental beast is being constructed. BIGBLOC buyI have read their annual reports and audits and this is the future of construction. BIGBLOC is involved in AAC brick construction. Right now it’s winter season so activity is low but this is perfect stage to accumulate as when summer comes along more construction will be taking place. AAC blocks are going to become the future. The company has an advantage over JKCEMENT and ULTRATECH cement as the competitors use German CAPEX. BIGBLOC is ready for multibagger returns. If sustains above 160. I am personally invested in the company.
No buy/ sell recomendation.
Everything lOOks gOOd !!!hi @JainArpan
it seems like small cap Companies chart anyways everything looks good ,but I am not good with these type of charts, earlier it seems that it worked in circuit Only so once break the last high
then 222,243,282 and 324 you can plan for them accordingly.
or the best part for you to trade with these type things is use Moving average which you like and plan trade accordingly this script looks a follower of 50 so you can use that.
Rest you can check Time Techno in my old Ideas and that Idea is still valid.
thank you for your time and patience. Happy Weekend.
All the best.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
Important Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Bigbloc Construction Ltd.Bigbloc Construction Ltd.
P&F Pattern: Monthly Basis
Strong Vol. Consolidation / Continued BuiltUp Needed
Price BreakOut >160 & >168 Needed (168 Strong Resistance)
With Upside, Trail SL
Book Profit as per Risk Appetite
Snapshot
Demerged in ’15 from Mohit Inds. Mfgs. AAC (Aerated Autoclaved Concrete) Blocks.
Amongst top 15 players in India. Brand: “NXTBLOC”
Capacity: 3.0 LCMPA / SBM (Sub): 2.5 LCMPA (Plant: is Kheda, Gujarat)
Capex: Rs.75 Crs for 8.0 LCMPA
Stable Sales / Profitability: Monthly Basis. Growing on Yrly Basis.
RoA/RoE/RoCE: Sharp Improvement vs. FY21
Moderate Leverage, Growing TNW. +ve CF from Ops.
Healthy Cash Accruals from Ops.
Concern:
Logistic intensive nature of product = Limited catchment geography.
New Players: Moderate entry barriers.
Dependent on Cyclicality of Real Estate Sector.
Do Your Own Research as Well. This is Just an Opinion.
Happy Investing :)
Bigbloc - Short Term Trade Setup Bigbloc CMP - 73.95
Looking bullish . One can go for Short term trade setup with the following entry, exit & targets
Buy at or above 74 - 75 / Stop Loss 62
Target 1 - 80
Target 2 - 85
Target 3 – 90 / 95 / 100
Disclaimer: This is my view and for educational purpose only.