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MANGALAM CEMENT LTDMANGALAM CEMENT LTDMANGALAM CEMENT LTD

MANGALAM CEMENT LTD

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MANGLMCEM trade ideas

Mangalam Cement: Profitable Long TradeTrade Overview: Mangalam Cement demonstrated a strong bullish move on the 15-minute chart, with all targets (TP1 to TP4) successfully achieved using the Risological Swing Trading Indicator . The trade capitalized on a well-timed entry near ₹919.05, with a stop loss (SL) set at ₹907.45, and hit the final target of ₹994.05, showcasing high accuracy. Key Levels: Entry Price: ₹919.05 Stop Loss: ₹907.45 Take Profits: TP1: ₹933.35 TP2: ₹956.55 TP3: ₹979.75 TP4: ₹994.05 Fundamental Analysis: Recent news supports the price movement: Strong Quarterly Earnings: Mangalam Cement reported a net profit of ₹32.8 million for the September quarter, signaling financial resilience. Improved Profitability: The company has shown consistent growth in quarterly profits, boosting investor confidence. Market Stats: Current Price: ₹1,007.75 (+1.66%) Volume: 142.78K (above average) 52-Week Range: ₹610.30 - ₹1,093.70 Mangalam Cement's robust fundamentals and the Risological Indicator's precision have once again delivered a profitable trade setup.
NSE:MANGLMCEMLong
by ProfitsNinja
#MANGLMCEMPositive factors Improving scale of operation leading to increase in total operating income (to greater than ₹2,000 crore) and profitability (profit before interest, lease rentals, depreciation and tax (PBILDT) margin greater than 18%) on a sustained basis Improving capital structure (overall gearing less than 0.5x) and debt protection metrics (PBILDT interest coverage greater than 5.0x) on a sustained basis Negative factors Lower-than-envisaged profitability leading to decline in PBILDT interest coverage going below 2.00x on sustained basis Large-scale debt-funded capital expenditure (capex) leading to deteriorating capital structure
NSE:MANGLMCEMLong
by iism-ExpertTrading
In-Depth Analysis of MANGLMCEM (NSE: MANGLMCEM)Technical Overview: 1. RSI Divergence and Weekly Chart Support: MANGLMCEM's weekly chart indicates significant support at the Relative Strength Index (RSI) divergence. RSI is a momentum oscillator, and divergence can signal potential reversals or shifts in the prevailing trend. The presence of support on the weekly chart suggests a strong technical foundation. Fundamental Highlights: 1. Q3 Earnings Performance: The recent financial results for Q3 reveal a substantial improvement in EBITDA, reflecting robust operational performance. The EBITDA margin has notably increased, showcasing enhanced profitability. The substantial growth in net profit on both a year-on-year (YoY) and quarter-on-quarter (QoQ) basis further strengthens the positive narrative. 2. Revenue Growth: Q3 revenue growth, both YoY and QoQ, underscores the company's ability to generate increased sales, contributing to overall financial strength. Trade Execution Strategy: Entry: Consider entering a long position at the current market price (CMP) of 666.3. This entry aligns with the technical support identified on the weekly chart and is further reinforced by the positive fundamental developments. Stop Loss Placement: Place a stop loss at 610. This stop loss level is strategically chosen to provide a reasonable buffer against potential price fluctuations while safeguarding the trade from adverse market movements. Target Setting: Set a target of 780. The target is determined based on the technical support and the positive fundamental backdrop. It reflects an anticipated upward price movement. Risk Factors and Considerations: 1. Market Conditions: Keep an eye on broader market conditions and potential external factors that may impact the stock or overall market sentiment. 2. Corporate Developments: Stay informed about any corporate developments, announcements, or industry-specific news that could influence the stock. 3. Continuous Monitoring: Regularly monitor the trade for any shifts in the technical setup or unforeseen market developments. Be prepared to adjust the strategy based on evolving conditions. Conclusion: MANGLMCEM presents an intriguing opportunity with a combination of technical support and positive fundamental indicators, particularly strong Q3 earnings. The trade is initiated with a comprehensive risk management strategy. Regular monitoring and adaptability are key to navigating dynamic market conditions.
NSE:MANGLMCEMLong
by yaashul
Cup and Handle Breakout for Mangalam Cement looks like.Mangalam Cement is a B.K. Birla Group company, producing cement in various grades using the dry process and marketing under the brand name of "Birla Uttam". Mangalam Cement CMP is 332.20. The negative aspects of the company are high valuation (P.E. = 53.3) and declining cash from operations. Positive aspects of the company are low debt, promoter holding increasing, FIIs are increasing stake and zero promoter pledge. Entry after closing above 343. Target of the call will be 356 and 367. Long term targets in the stock will be 388. Stop loss in the stock should be maintained at closing below 300.
NSE:MANGLMCEMLong
by Happy_Candles_Investment