Technical Breakout Buy of Rain Industries

Rain Industries Limited(Cmp-Rs.244.80)

Rain Industries Limited (RAIN) is a leading vertically integrated producer of calcined petroleum coke, coal tar pitch, and other high-quality basic and specialty chemicals.  Headquartered in India, RAIN has manufacturing facilities in eight countries across three continents. The group continues to grow through capacity expansions and mergers and acquisitions across the world. RAIN operates in three key business verticals: carbon, chemicals, and cement.

This Stock shows strength for the last couple of days & able to Triangle Pattern breakout with good volume above Rs.240.If the Price is able to sustain above this level, the Short to medium-term target will be Rs 320 & for the long term Rs.500

Investors and traders may buy this stock following these important levels:

Cmp-Rs.244.80
Support-230-221-200
Resistance:258,272,300,408

Short-term traders may use Sl at Rs. 230

Happy investing for the Year 2022

TECHNICAL BUY OF THIS PHARMA PLAYER- Dishman Carbogen Amcis Ltd:

Dishman Carbogen Amcis Ltd is a fully integrated CRAMS player working with global pharmaceutical innovators, has a global presence with development and manufacturing facilities across Europe, India, and China. We provide end-to-end, integrated, high-value, niche CRAMS offering, right from process research and development to late-stage clinical and commercial manufacturing facilities along with the supply of Active Pharmaceutical Ingredients (API) to innovator pharmaceutical companies. In the weekly chart, this stock breaks out above Rs.213 forming an Inverted Head and Shoulder. Buy at CMP-237 with target-400 within one year maintaining the stop loss 200

TECHNICAL TALK OF BULLISH BREAKOUT STOCKS

 KANCHI KAPOORAM LIMITED(CMP Rs. 818)

After 12/3/21 Kanchi Kapooram starts nonstop upward journey crossing previous top 562.From 16/2/21 to 26/03/21 corrected 50 % Fibonacci retracement following downtend channel which is technically a BULL FLAG PATTERN.Just before 3 session a bullish breakout of bull flag done.So for short to medium term stock may shoot up targeting Rs. 1075 keeping Stop loss Rs.700.

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Techno-Funda Talk Of Agrochemical Major Rallis India

  

RALLIS INDIA((Cmp Rs. 302.85)

Last 3 session Rallis India decisively crossed 290 resistance level. On 17/7/20  to 09/09/20 this 290 level was strong support .After breakdown on 22/9/20 this 290 zone  became  resistance  & fail to cross this resistance level on  29/09/20 , 7/12/20 &  16/12/20.Finally on 6^th January successfully crossed  Rs. 290 hurdle & crossed the blue coloured downtrend line with significant volume.

RSI 69, in bullish zone. In Macd  bullish crossover done. ADX is  34 (25+ Strong Trend). Bollinger Band expands from Squzee which further confirmed upswing. Buying Range Rs.300 –290. Stop Loss Rs. 280. Target 350 very short time.

Fundamentally also the stock is looking Good :-

 Sales revenue & EPS growth @ 6-7 % Year to year, which is Very steady & healthy

Last few year Share Capital is fixed at 19 cr i.e no dilution of Share. reserves consistently increased year to year.Borrowings are decreasing.

Shareholding Pattern:-FII Increase their stake in Last Sept'20Qtr

• Earnings grew by 30.1% over the past year
• Earnings are forecast to grow 17.83% per year
• Company has reduced debt.
• Company is almost debt free.
• Company is expected to give good quarter
• Company has been maintaining a healthy dividend payout of 30.71%
• Good Entry time to consider, as stock is not in overbought zone
• Last 12 years company never in Loss  & maintains healthy increasing profit from 71 cr To 185 Cr.
•  Good  Promoter holding 50.1%
  
  

  "Wide Diversification only required when investors no not understand what they are doing " -Waren Buffett-

STRONG BULLISH BREAKOUT STOCKS

 LAURUS LABORATORIES :-(Cmp. Rs.353.75)

LAURUS LABORATORIES formed a Cup & Handle pattern & breakout last week above Rs. 342 & clearly following 5th weave of Elliot wave chart,indicates price will rise with Final Target of Rs.422 keeping stop loss Rs.320 in short term. Strong support base @ Rs. 250, where recommended to

 Strong Buy again if corrected in worst market scenario.

In Sept'20 FII increased their stake significantly as chart below:

Number of FIIs/FPIs increased from 149 to 183 in Sep 2020 qtr.

RAIN INDUSTRIES :-(Cmp. Rs.127.40)

RAIN INDUSTRIES is at the verge of breakout  above CMP Rs. 127 after completing the left shoulder of Inverted H&S Pattern which was formed formed from 15 th Apr '2019. Above this breakout level 1st strong hurdle will be @ Rs. 150 (23.6% fibo retracement also) next target Rs.205-210 in Medium term.

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"Peter Lynch"

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