PRIVISCL trade ideas
Privi special chemical after long consolidationAs you see price hold and spend lot of time in range now had breakout. If this week or next week you get that price it's good short term swing trade . Always do proper research before investment and consult with your financial advisor.
Privi Speciality propending so special moves. Privi Specialty Chemicals Ltd. is the leading supplier and exporter of aroma and fragrance chemicals. The company expanded to manufacturing capacity of 50+ products to 40,000 tons per annum with a power of two manufacturing facilities situated in Mahad, Maharashtra and Jhagadia, Gujarat.
Privi Specialty Chemicals CMP is 1109.50. Negative aspects of the company are high valuation (P.E. = 194), declining annual net profits, declining cash from operations annual and MFs are decreasing stake. Positive aspects of the company are FIIs are increasing stake and zero promoter pledge.
Entry can be taken after closing above 1150. Targets in the stock will be 1198 and 1232. Long term target in the stock will be 1289 and 1357. Stop loss in the stock should be maintained at closing below 955.
Privi - TurnaroundWith Oil prices (cooking oil) prices cooling down..used oil prices should come down as well. With this company expanding and its key raw material price cooling down this stock could be due a turnaround.
Technically there is a nice positive divergence in the RSI
Watch to go long above 1150. and keep a 5-7% stoploss.
PRIVISCL - oversold region bounceback imminentRSI oversold on 7D and 14D - expected to ride to test the trendline as the resistance. Short term view. TP zone near 1700
breakout above 1230 levels
PRIVISPECIALITY CHEMICALS stock is in a good oversold zone with possible crossover of ema 10 over 20
net profit is down in september quarter but
operating profit is in a good mode.
STOP LOSS : 1492
TARGET : 1900
example of fibbonachi for targetexample of Fibonacci for target identification..................................................
Possibly go down MajesticalyWill most likely go down substantially due to various factors. The horizontal line will be the first TP as 1:1. If the Stop-order is not triggered tomorrow I'll cancel it.
elliot wave 1-2 extension with fibonacci retracement in PRIVISCLelliot wave 1-2 extension with fibonacci retracement in PRIVISCL. TARGET would be atleast 1585
#PRIVISCLAwaiting for PNF BO.
RR favourable.
Moving in uptrend.
Targets and SL(clbs) mentioned on chart.
