Trend is our friend Trendline breakout stockAfter 6 months trendline breakout
50% Momentum is there in this stock as per technical Analysis
take entry with your own technical analysis
SHYAMMETL trade ideas
SHYAM METALICS AND ENGY LTD Support 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.
Shyam Metalics & Energy Ltd.*Shyam Metalics & Energy Ltd*
P&F Formation on Yearly Basis.
Strong Price BreakOut & Sustained.
Continue Vol. Traction.
RSI: All in Bullish Zone across TFs.
EMAs: Widening Gaps amongst 20/ 50/ 100/ 200 levels on Monthly Basis.
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
Sound financials with growing Top/bottom lines on Qrtly / Yrly basis. Stable Profitability margins. Low leverage, substantial TNW.
Continued stable Promoter stake.
*Do your own research as well. This is an Opinion.*
*_Happy Investing_*🤓
Metal is ready for boomBreakout trading implementation:
1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range.
2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights into shifts in market sentiment and potential price movements.
3. **Entry Points:** Breakout points serve as potential entry points for traders looking to ride the momentum of a newly established trend. Buying on a breakout can capture the early stages of a price movement.
4. **Confirmation of Strength:** Successful breakouts indicate the strength of a trend. If an asset breaks out with high volume and follows through with sustained price movement, it suggests a strong trend in that direction.
5. **Avoiding False Signals:** Breakout strategies often include using indicators or confirmation signals to avoid false breakouts. This can enhance the accuracy of trade decisions.
6. **Defined Risk and Reward:** Breakout trading allows for setting clear stop-loss levels below the breakout point, which helps manage risk. Traders can also calculate potential profits based on the distance between the breakout point and a projected target.
7. **Adaptable to Various Markets:** Breakout trading can be applied to various markets, including stocks, forex, commodities, and cryptocurrencies. The concept remains consistent across different assets.
8. **Flexibility:** Traders can adapt breakout strategies to their preferred timeframes, whether they are day traders, swing traders, or long-term investors.
9. **Liquidity Opportunities:** Breakout points are often associated with increased trading volume, which can provide better liquidity for executing trades.
10. **Risk vs. Reward Assessment:** Traders can evaluate the potential risk of a trade (stop-loss) against the potential reward (target price), aiding in decision-making and portfolio management.
11. **Psychological Advantage:** Successful breakout trades can boost a trader's confidence and discipline, reinforcing the effectiveness of their strategy.
12. **Market Events:** Breakouts can occur around significant market events such as earnings reports, economic data releases, or geopolitical developments, offering traders opportunities to capitalize on sudden price movements.
Remember, while breakout trading offers potential advantages, it also carries risks. False breakouts and market reversals can lead to losses. Successful implementation requires a solid understanding of technical analysis, risk management, and the ability to adapt to changing market conditions.
A SHARE RELATED TECHNO AND FUNDA ANALYSISLooking of the recent price action and chart analysis this share looks like we making good profit
we will get around 50% profit
I'M buying shares worth Rs.100000 one can buy it with stop loss of 280 on daily basis
This company expand itself rapidly this also become multibagger
Currently i'm taking 6-12 month hold
SHYAM Metallics1.Integrated Business
2. Near to coal and ore mines
3 year CAGR growth
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Revenue 18.2%
NetProfit 25.7%
OperatingProfit 25.7%
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4.23.86% away from 52 week high
Mutual Funds have increased holdings from 1.61% to 2.34% in Sep 2021 qtr.
Strenths
XX Rising Net Cash Flow and Cash from Operating activity
XX Strong Annual EPS Growth
XX Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
XX Company with Low Debt
XX Increasing Revenue every Quarter for the past 4 Quarters
XX Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
XX Book Value per share Improving for last 2 years
XX Company with Zero Promoter Pledge
5. Market Cap - High in industry
6. 1 Day: Delivery volume increased by 83.93% over 5 day average
ROCE increasing FY : 32
Target price : 890 by FY 24 , Considering Cash Flow Statements .
Like if You agree with the analysis .
Shyam Metalics and Energy | ChaiwithanoopOverview
We are a leading integrated metal producing company based in India with a focus on Long Steel Products and Ferro Alloys. We have a consistent track record of delivering operating profitability, and since the commencement of our operations in Fiscal 2005, we have delivered a positive EBITDA in each of the Fiscals.
As of March 31, 2020, we were one of the leading players in terms of pellet capacity and the fourth largest player in the Sponge Iron industry in terms of sponge iron industry capacity in India (Source: CRISIL Report). We operate three manufacturing plants, one in Odisha and two in West Bengal. The aggregate installed metal capacity of our manufacturing plants is 5.71 MTPA as of December 31, 2020(comprising intermediate and final products). Our manufacturing plants also include captive power plants with an aggregated installed capacity of 227 MW as of December 31, 2020 Our Sambalpur manufacturing plant caters to customers in Southern and western regions of India whereas our Jamuria and Mangalpur manufacturing plants caters to customers in Northern and Eastern regions of India.
We operate two “Ore to metal” integrated (forward and backward) steel manufacturing plants, one in Sambalpur, Odisha and one in Jamuria, West Bengal which comprise of captive railway sidings, captive power plants, iron pellet, sponge iron, billet, TMT, wire rod and structural mills and Ferro alloy plants. We also operate a manufacturing plant in Mangalpur, West Bengal which comprises sponge iron and Ferro alloy plants and a captive power plant.
Our integrated manufacturing plants are fungible by design, which insulates us from price volatility and provides us with the ability to quickly adapt to changing market conditions and shift our production and product offerings to meet the continuously changing market climate and optimize our operating margins. Our manufacturing plants primarily produce long steel products such as iron pellets, sponge iron, steel billets, TMT and structural products, and Ferro alloys with a specific focus on high margin products such as customized billets and specialized Ferro alloys for special steel applications.
Our TMT and structural products are sold under the brand “SEL”. We also undertake conversion of hot rolled coils to pipes, chrome ore to ferro chrome and manganese ore to silico manganese for an Indian steel conglomerate. We are in the process of further diversifying our product portfolio by entering into the segments of pig iron, ductile iron pipes and aluminium foil .
We are in the process of adding fresh capacities to our manufacturing plants and captive power plants and diversifying into related segments. Post completion of these capacity expansions the aggregate installed metal capacity of our manufacturing plants and our captive power plants shall increase from 5.71 MTPA as of December 31, 2020 to 11.60 MTPA (comprising of intermediate and final products) and 227 MW to 357 MW respectively. Our product offerings cater to a mix of customers which consist of institutional customers and end consumers through our distribution network.
