GABRIEL trade ideas
Gabriel India Ltd.
Inverse H&S Pattern: Monthly Basis
IH&H Price Trendline Broken/Sustained.
Strong Resistance at 170. Once Taken Out/Sustains. Good to go!
Strong Vol. Consolidation/Further BuiltUp
*With Upside, Trail SL*
*Book Profit as per Risk Appetite*
*Snapshot*
Estab. in 1961, Flagship Co. of Anand Group, manufactures Ride Control products: Shock absorbers, Struts, Front forks. Has 9 manufacturing units in India/ 500 dealer network/ 10,000 retail outlets. Exports to 25 Counties. Strong R&D: ~43 patents (Product/Process).
Technical collaboration: KYB (Japan), KYBSE (Spain), Yamaha Motors Hydraulic, KONI.
Growing order book. 2W/3W demand picking up.
Focus on EV developments, improving market share across business segments/ Expanding geographic presence: +ve for Co.
Sales Improving on Qtrly/Yrly Basis.
Sharp Growth in RoA/RoE/RoCE in FY22 vs. FY21.
Low Leverage. Improving TNW. Moderate C&CE.
Short WC Cycle.
Stable Promoter Stake.
FII stake up since Dec'21/DII up since Jun'21
*Concern:*
Reduced CF from Ops.
*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)
Long setup in GabrielAuto ancillary doing good, lot of new clients in EV. Stoploss 120.
Disclaimer: The stock/index/currency discussed do not constitute Investment/trading advise and is merely an effort towards enhancing learning, knowledge and book keeping. Kindly do your own due diligence and/or consult investment advisor before making any investment/trading decisions
Gabriel India - investment ideaStock made a high of 211 in 2017, followed by a 3 year correction and made a low to 50 Rs in April 2020.
Since then it is consistently making higher lows. Stock pattern is still intact regardless of ongoing correction in market. It recently gave a breakout from double bottom pattern and crossed the last resistance of 126. RSI bullish divergence is also visible on weekly chart.
Stock has also started outperforming Nifty on weekly chart. All parameters give this stock an absolute momentum and relative momentum, and makes an excellent portfolio stock.
Trend is intact until 107 on weekly closing basis.
Don’t wait for targets in this stock, my suggestion would be to buy and hold considering 3-12 months time frame, and exit when either the lower lows pattern breaks or a weekly closing comes below 107.. You can expect 152, 175, 201 and new high (220-225) as potential targets.
#GABRIEL #C&H #BULLISHGabriel India 1W: This one corrected almost > 60% in recent correction right from PRZ to take support at important FIBO Lvl and parallel established a divergence too. From broader perspective mostly it is forming C&H pattern. Looking at this possibility it would be good to buy / accumulate between 110 - 114 lvl with a SL of 102 for initial target of 160. Today it is surged almost 7% and most probably may continue its run in such case don't buy at higher level or chase a price as R:R may not be in favour.
Volatility contraction Gabriel IndiaAs we can see from the graph the script is forming higher lows and volatility is getting contracted near 132 levels. Once the 132 levels are broken on daily chart one can see targets of 200 first with Stop loss of 100 on daily closing basis.
Here the trade is high probability because with price rise volume is also increasing so a good level of accumulation is done below 132 levels. Breakout will give 1:3 risk reward . post 200 levels I will again post the revised charts.
GABIEL - Looking for Target 150+Gabriel -- Above 50/100/200 EMA's
Good volumes on daily basis
Add to watch list - any reversal in CNXAUTO -- will see from 120 to 150 in short period .
Gabriel is on of the leader for supplying shock absorbers to majority of 2 wheeler manufacturers.
It has good market share.
And also recently Promoters increasing their holding from 52 to 55%
QoQ - increase in sales 36%
Past 3Q -- increasing Revenue
Company with Low Debt
-- Please do own research before investing.