Accumulation happening around 70 rsAccumulation is happening in haldyngl.
Buy around 70 with Target of 110 & stop loss of 55
HALDYNGL trade ideas
All Must Long Haldyn Glass for Long TermIf you are looking for stocks with good return, Haldyn Glass Ltd can be a profitable investment option. Haldyn Glass Ltd quote is equal to 113.060 INR at 2023-08-31.
Haldyn Glass Limited manufactures and sells glass bottles and containers in India and internationally. It offers glass vials of various shapes and sizes for packaging injectables, eye-drops, ear-drops, and other life saving drugs for the pharmaceutical industry; and clear bottles for packaging in the liquor manufacturing, cosmetics, and food and beverages industries. The company was formerly known as Haldyn Glass Gujarat Limited and changed its name to Haldyn Glass Limited in November 2011. The company was incorporated in 1991 and is based in Mumbai, India. Haldyn Glass Limited is a subsidiary of Haldyn Corporation Limited.
Haldyn Glass Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 729.21 million compared to INR 763.99 million a year ago. Revenue was INR 746.32 million compared to INR 778.73 million a year ago. Net income was INR 91.49 million compared to INR 65.93 million a year ago. Basic earnings per share from continuing operations was INR 1.7 compared to INR 1.23 a year ago. Diluted earnings per share from continuing operations was INR 1.69 compared to INR 1.23 a year ago.
Target Price : 165
Trendline Resistance breakout - HALDYNGLASSPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Haldyn Glass - Buy between 34-40 with SL @32 T1 @52 T2 @94Trendline Support since 2019 June
Resistance at 50-54 for 5 times in past
It is a buy between 34-40 : I buy @40, if it goes down to 36, i will again buy same quantity with SL @32
T1 @52 --> If this time it passes above resistance line, then T2 @94
This is not trade idea, I am going to invest till 2023 Sept or till 2024 March.
