EPL trade ideas
This specialty packaging co. looks to be moving to Stage 2!The company is a producer of plastic packaging material in the form of multilayer collapsible tubes and laminates used primarily for packaging of toothpaste, personal care, cosmetics, pharmaceuticals, household and industrial products.
• World's largest global specialty packaging company, manufacturing laminated plastic tubes catering to the FMCG and Pharma
space with units in ~10 countries.
Key Financials:
• Total Revenue for latest quarter increased ~13% YoY
• Net Profit for latest quarter increased by >73% YoY
• TTM Net Profit margin increased from ~5% to ~8%
Red Flag Check:
• Promoter holding in the company has almost stayed constant at ~52% with insignificant pledging
• Debt:Equity ratio is <0.5 with ~5x interest coverage
• Stock is not under any exchange surveillance lists
Key Technicals:
• Stock has broken out of 1-year stage 1 consolidation zone with heavy volumes
• Stock has broken out of a cup-and-handle formation
• Stock is showing higher relative strength compared to benchmark index
Disclaimer:
This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
EPL - Bullish Consolidation BreakoutNSE: EPL is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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Disclaimer:
This is for educational purposes only.
#EPL #POLYPLEX #UFLEX #JINDALPOLY #COSMOFIRST #GRWRHITECH #AGI
#EPL
NSE:EPL
CMP: 191
TP: 273
SL: 143
TF: <6m
RR > 1.7 times
Return 40%
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Swing Trading In EPLIts not a long term buy....
Because stock has no strength as such, its started falling in starting July and till now its fall around 46% on 7-Mar-2022.
Which is equivalent to the fall that we had seen in March 2020.
This fall is the reason for the pullback and is going up.
Also its recent 1 year return is -17%
Recent dividend is 2.14 Rs per share on 17-Nov-2021
Dividend Yield 2.28%
It's right now gliding over the old weekly trend line...
If it sustains and give a good green candle on next session then,we can go up to 214 first target.If it come done this trend line then 175 is the first support from where it will go back up side. Second support is 166 otherwise Quit.
Disclaimer:- Above are just information that can be used for analysis purpose, Play responsibly.
All above mentioned positions are as per the today market session, please adjust it as per your buying price.
That is how much profit or loss you can handle
epl , ready to move EPL Limited (formerly known as Essel Propack Limited), is the largest specialty packaging global company, manufacturing laminated plastic tubes catering to the FMCG and Pharma space. EPL is the world’s largest manufacturer of laminated plastic tubes with units operating across countries such as USA, Mexico, Colombia, Poland, Germany, Egypt, Russia, China, Philippines and India. These facilities cater to diverse categories that include brands in Beauty & Cosmetics, Pharma & Health, Food, Oral and Home, offering customized solutions through continuously pioneering first-in-class innovations in materials, technology and processes.
EPL has an expansive global reach capable of supplying a perfectly harmonized system for all production needs. With many plants in various countries, the company deliver billions of tubes a year to lots of clients worldwide. For over three decades we have been driving forward new innovations, enhancing our performance to remain the global packaging partner of choice.
Business area of the company
The Company is engaged in manufacture of plastic packaging material in the form of multilayer collapsible tubes and laminates used primarily for packaging of consumer products in the Beauty & Cosmetics, Health & Pharmaceuticals, Food, Home and Oral care categories. As a part of the said business, the Company also earns revenue from providing packaging solution, royalty and other ancillary services and business.
Products
Laminated Tubes
Seamless Plastic Tubes
Laminates
Sustainability Offerings
Caps and Closures
Innovative Offerings
Dispensing Systems
Categories
Beauty & Cosmetics
Pharma & Health
Food & Nutrition
Home Care
Oral Care
EPL ABOVE ALL MAJOR SMAsEPL’s share is trading above all major SMA’S EXCEPT 200 days SMA .
FURTHER it is hovering near the resistance level. It has taken the resistance at two important patterns i.e. the channel pattern and between two horizontal lines.
However the major volatility with the lower volumes in the last two trading days may stop the price from rising.
A positive opening with the higher volumes on the next trading session can be a good indication for price rise.
The stock is already trading above 5, 10,15,20,50,100 days SMA AND just short by 5.079 points from its 200 days SMA.
Disclaimer: - The view expressed here does not in any sense pursue anyone to trade in the above stock.
This is only for knowledge purpose. Person taking position in above stock will be personally responsible for the potential loss and will personally enjoy all the potential rewards.