HSCL trade ideas
HIMADRI SPECIALITY CHEM LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Himadri Specialty Chem - Long Setup (Swing Trade)Himadri Specialty Chem is approaching a crucial level for a potential long trade setup. Here’s the trade plan:
Entry Zone: 579.80
Entry Price: Once a 15-minute candle breaks above 579.80, the high of that candle will confirm the entry.
Target: 656.3
Stop Loss: 541.55 (Stop loss will be triggered if a daily candle closes below this level)
The stock is testing the entry zone at 579.80 , and if momentum builds, we could see a potential rally towards the target of 656.3 . A tight stop loss at 541.55 helps manage risk while offering a favorable risk-reward ratio for this trade.
Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly
Himadri Specialty Chem - Breakout Setup (Swing Trade)Himadri Specialty Chem is approaching an important zone for a potential breakout setup. Here's the plan:
Entry Zone: 591
Entry Price: Once a 15-minute candle breaks above 591 , the high of that candle will confirm the entry.
Target: 662.8
Stop Loss: 555.10 (Stop loss will be triggered only if a daily candle closes below this level)
The price is nearing the entry zone at 591 , and a confirmed breakout could signal a rally towards the target of 662.8 . The stop loss is placed at 555.10 , with a daily close below this level as the exit signal.
Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly.
The Electrified EV Chemical Industry - (1) Himadri SpecialityWith Indian Government set to replace 800K Diesel Buses to EV by 2030, there is strong Focus and Growth potential on Companies manufacturing EV Related Chemicals
Let review each EV Chemical sector companies
1) Himadri Speciality: Multi-Timeframe Analysis
Monthly: Parallel Channel - Rounding Bottom BO done and nearing Target of 350+
Daily: After Rounding Bottom BO - it is travelling inside a Smaller Parallel Channel with a Fib Retracement of 0.5
Targets - 355, 410, 500
Immediate resistance to cross - Channel BO above 315 WCB
HSCL it would set up a facility to make lithium-ion battery components for an estimated project cost of 48 billion rupees ($576.12 million).
Lithium-ion batteries, which power electric vehicles (EV) and used to store energy, are expected to play a key role in India's goal to be a net zero emitter of greenhouse gases by 2070.
The country is expected to see sales of more than 10 million EVs a year by 2030, rising more than ten fold from the last fiscal year, according to a recent annual Economic Survey.
Himadri Speciality was among at least a dozen Indian and foreign companies which participated in the government's auction this year of some newly found lithium blocks.
The plant will aim to make 200,000 million tonnes per annum (MTPA) of lithium iron phosphate, one of the key materials used in making lithium-ion battery cells, in phases over the next five-six years, the company, said in a stock exchange filing.
The company added that at the full utilization of the plant, it expects to generate a revenue of about 4 times the capital expenditure.
The first phase of the capacity expansion, at an estimated cost of 11.25 billion rupees, will be of 40,000 MTPA and operational in 27 to 36 months at the eastern Indian state of Odisha, said the company, which also makes specialty chemicals for textile, oil and gas.
Himadri Speciality Chemical Limited (HSCL)HSCL (1D)
CMP 273.70
- After a big move gone in consolidation
- Trying to Move out from consolidation phase
- New All Time High on the Cards
Sector : Chemical
Industry : Chemical
Market Cap : 12,035.37 cr.
Category : Small Cap
PE : 36.67
Industry PE : 36.90
About Company
Himadri Speciality Chemical is one of India's largest integrated speciality carbon companies. Over the years, the Company has undergone massive transformation from a Coal Tar Pitch manufacturing company to being one of the world's most extensive value chains in the Carbon segment. Himadri Speciality Chemical is primarily engaged in the manufacturing of carbon materials and chemicals. The company has operations in India and caters to both domestic and international markets.
Established in 1990, Himadri Speciality Chemical is one of India's largest integrated speciality carbon companies. Over the years, the Company has undergone massive transformation from a Coal Tar Pitch manufacturing company to being one of the world's most extensive value chains in the Carbon segment.
The Company is a market leader and a significant player in multiple product segments like Coal Tar Pitch, Carbon Black, Naphthalene and Refined Naphthalene, Sulphonated Naphthalene Formaldehyde (SNF), and Speciality Oils, among others. The Company has diversified its product portfolio using the power of forward integration. This has empowered the Company to develop advance carbon material and other value- added speciality products. Himadri Speciality Chemical Limited is a public company domiciled and headquartered in India. Its equity shares are listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
Business area of the company
Himadri Speciality Chemical is primarily engaged in the manufacturing of carbon materials and chemicals. The company has operations in India and caters to both domestic and international markets.
Products and Industries Products
• Advanced Carbon Materials
• Carbon Black
• Coal Tar Pitch
• Naphthalene Derivatives
• SNF
• PCE
• Corrosion Protection
• Speciality Oils
• Power Industries
• Lithium-Ion Battery
• Aluminium
• Graphite
• Infrastructure / Construction
• Tyres
• Mechanical Rubber Goods
• Plastics
• Dyes And Intermediaries
• Others
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