Sector: Chemicals
HP Adhesives Limited is an adhesives and sealants company. Market Cap 1,117 Cr.,
Stock PE 59.8, Company is almost debt free.
CONS: Stock is trading at 7.07 times its book value
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
look at chart and each points is discrete.
yeaster sesion volume high at ever in stock
volume give boost stock at high level
and this volume absorbs that sentimental resistance of 100
but around 20% rally in yesterday's session was risky in trading
stock must sustain above eserady high
Thank you for trading this confirmation for the stock move above
no...
Entry, Targets and Stop Loss are mentioned on the chart.
View Invalid below 440 WCB.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. Please consult your financial advisor before taking any trade.
I identified this stock as a probable candidate for a breakout trade (Refer to the previous post linked here)
And we did see a breakout and run up to 540-550 levels.
Now the stock has come back to the breakout level, the previous resistance area which now would serve as a support area( 455-463)
and this week a hammer-like candle is also formed in the support...
Solvent cement: 59%
Ball valves + Tapes: ~14%
Silicone Sealants: ~13%
SR Adhesive + PVA: 8%
Others (Contribution from Discontinued FRP Segment): ~6%
Entry point 398 - 400 With SL@ 347 FOR Targets mentioned in chart - Good for investment
Market Cap
₹ 725 Cr.
Current Price
₹ 394
Stock P/E
99.7
Book Value
₹ 76.9
Dividend Yield
0.00 %
ROCE
10.7 %
ROE
8.01...
HP ADHESIVES is a stock that can be another great positional pick considering the great risk-reward ratio it is offering right now.
The reason I picked this stock is that, it has been consolidating for the past 8 weeks in a tight range of approx 8-10%.
And this consolidation is happening at previous resistance around 410-460 levels, where the stock took...
new ipo based stock setting up nicely
support at : 400
resistance at : 422.05
keep in your watchlist wait for close above resistance to confirm the entry.
Cons :
Volume isin't in support of the confluence.
Note:
Need to wait for pullback and very good discount before entering the position. One for the watchlist
