WHEELS INDIA LTD S/R 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.
WHEELS trade ideas
WHEELS INDIA LTD M1WHEELS INDIA LTD M1
NSE:WHEELS
About :
Wheels India is engaged in the Business of Manufacture of Road Wheels , Parts & Accessories for Machinery / Equipments used by construction and mining industries and Wind Turbine Parts.
Compounded Profit Growth
10 Years: 9%
5 Years: -2%
3 Years: 116%
TTM: 22%
Compounded Sales Growth
10 Years: 10%
5 Years: 8%
3 Years: 28%
TTM: 4%
Wheels India for Potential TurnaroundWheels India looks good above the trend line breakout on monthyly TF, 910 looks good entry point with a potential upside of initial target of 15-20%
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Disclaimer:
This analysis is for informational purposes only and does not constitute investment advice. Trading involves significant risk and may result in the loss of capital. Always conduct your own research or consult a financial advisor before making investment decisions. I am not responsible for any actions taken based on this analysis.
Wheels India Ltd.: Can it Reach ₹1350? SWOT Analysis & Growth PoGearing Up for Growth: Wheels India Ltd. (Wheels India), a dominant force in the Indian auto component industry, is attracting attention with its ambitious growth trajectory. This analysis delves into the company's strengths, weaknesses, opportunities, and threats (SWOT) to assess its potential for reaching the much-anticipated target of ₹1350 and beyond. We'll also explore technical indicators to glean insights from the market sentiment.
STRENGTH
Established Brand & Strong Clientele: Wheels India boasts a long-standing reputation with over 50 years of experience. They are a major supplier to almost all Indian auto manufacturers, fostering strong relationships.
Diversified Product Portfolio: The company caters to a wide range of vehicles, from passenger cars and two-wheelers to commercial vehicles, offering a diversified revenue stream.
Focus on Quality & Innovation: Wheels India prioritizes quality control and continuously invests in innovation, ensuring their products meet evolving industry standards.
Cost Management Initiatives: The company actively explores avenues for cost reduction, such as utilizing renewable energy sources and optimizing supply chains.
WEAKNESS
Dependence on Domestic Market: Wheels India's primary focus is on the Indian market, making them susceptible to fluctuations in the domestic auto industry.
Competition: The Indian auto component sector is highly competitive, with both domestic and international players vying for market share.
Limited Export Presence: While there have been efforts to expand exports, Wheels India's international presence remains relatively limited.
OPPORTUNITIES
Rising Domestic Auto Demand: The anticipated growth of the Indian automobile industry presents a significant opportunity for Wheels India to expand its domestic sales.
Electric Vehicle Segment: The burgeoning electric vehicle (EV) market offers a promising avenue for the company to develop and supply specialized wheels.
Export Potential: Increasing focus on international markets, particularly Europe and South Korea, can significantly boost revenue.
Strategic Partnerships: Collaboration with leading global players could enhance technological expertise and expand market reach.
THREATS
Fluctuations in Raw Material Prices: The company's profitability hinges on the stability of raw material prices, which can be volatile due to global market factors.
Disruptions in Supply Chain: Unforeseen disruptions in the global supply chain can impact production and delivery schedules.
Technological Advancements: Rapid advancements in the auto industry necessitate continuous investment in research and development to stay competitive.
Government Regulations: Changes in government policies, including emission standards, could necessitate product adaptations and incur additional costs.
Investment Thesis:
Wheels India Ltd. possesses a strong foundation with a well-established brand, diversified product portfolio, and focus on quality. The company's potential lies in capitalizing on the burgeoning Indian auto market, exploring the EV segment, and expanding its global footprint. However, navigating the competitive landscape, managing raw material costs, and adapting to evolving regulations remain crucial challenges.
Disclaimer: This analysis is for informational purposes only and should not be considered investment advice. Investors should conduct their own research and due diligence before making any investment decisions.
WHEELS - Bullish SetupStock name - Wheels India Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - B
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
WHEELS INDIA weekly breakoutWHEELS has shown a breakout with significant volume on the weekly timeframe but lacks the momentum to sustain a longer rally. It may rise to the 870-900 range before retesting the 770-800 levels. Alternatively, it could retest at the 760 level. After a retest, it is expected to gain strength and potentially reach the 940-1020 levels.
Wheels India LTD, Kindly do your own studyThis stock is in momentum in monthly time frame.
Monthly- Price is above 50 EMA and challenged upper bollinger band
MACD PCO near Zero line and RSI is above 60.
It'S look like ABC correction is over and B point is gone.
EMAS PCO
Weekly- Price is challenged Upper bollinger band with trendline BO
Volume has been increasing since last 6 weeks.
Daily-Concern is Big green candle at top of the main trend
Volume is huge
RSI and ADX levels are not sustainable.
Wait for the cool down of stock.
WHEELS Looks good for positional trade.Aim for 10-20%. It can be easily achievable in 5-10 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
But you can also book your profit of only 5-8% because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
Take trade if all conditions meet at the end of the day 3:15-3:30 PM.
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wheels indiaWheels India, incorporated in 1960, is promoted by the TVS Group and was started in the early sixties to manufacture automobile wheels. Today, Wheels India has grown as a leading manufacturer of steel wheels for passenger cars, utility vehicles, trucks, buses, agricultural tractors and construction equipment in India. The company supplies 2/3rd of the domestic market requirement and exports 18% of the turnover to North America, Europe, Asia Pacific and South Africa. The company also has a technical-financial collaboration with Titan Europe.
Wheels India has developed 'Air Suspension Systems' which are being marketed under the brand name TVS-WILRIDE. TVS-WILRIDE is the pioneer in Air Suspension Systems in India. It has been specially designed for Indian road conditions. There are approximately 1000 buses on the roads using TVS-WILRIDE Air Suspension Systems. The initial technical know-how was acquired from Dunlop, UK. TVS-WILRIDE Air Suspension Systems are currently being manufactured by Wheels India Limited, in a technical agreement with TRELLEBORG.
Wheels India Limited engages in the design, manufacture, and sale of automobile wheels in India. It offers steel wheels for heavy vehicles, such as trucks, buses, light commercial vehicles, trailers, and tippers; light vehicles, including passenger cars, mini vans, sport utility vehicles, and multi utility vehicles; agricultural applications consisting of tractors, combines, and farm equipments; and off-road construction equipments, as well as wire wheels for contemporary and classic cars, sport utility vehicles, and multi utility vehicles.
Manufacturing locations:
Padi - The unit located in Padi, Chennai is engaged in manufacturing of wheels for trucks & buses, passenger cars and utility vehicles, off-road construction equipment, agricultural tractors and farm equipment, tracked vehicles and wire wheels. This unit stretches across 29 acres of land.
Pune - This unit located at Pune is spread across 15 acres of land manufacturing wheels for wheels for passenger cars and utility vehicles, agricultural tractors and farm equipment and truck (LCV) wheels.
Rampur - The unit located at Rampur, Uttar Pradesh is spread across 14 acres of land. The company manufactures wheels for agricultural tractors and farm equipment.
Bawal - The unit located Bawal, Haryana manufactures wheels for passenger cars and utility vehicles, agriculture tractors and farms equipment.
Wheel India is planning to set up a plant in Maharashtra spread across in 30 acres of land. The plant will undertake manufacturing of steel structural parts for power plant projects. The plant is anticipated to start its production in second quarter of 2009-10.
Products:
• Wheels for Heavy Vehicles (Trucks, Buses, Light Commercial Vehicles, Trailers, Tippers etc.)
• Wheels for Light Vehicles (Passenger Cars, Mini Vans, SUVs & MUVs)
• Wheels for Agricultural Applications (Tractors, Combines, Farm Equipments etc.)
• Wheels for Off-Road Construction Equipments
• Wire Wheels (For Contemporary & Classic Cars, MUVs & SUVs)
• Air Suspension