EMAMILTD trade ideas
EMAMI LTD (LONG)Emami took support on 255 EMA
and bounced back ... now took support at 200 EMA and bove it
Good Volume coming in it
Buy at 533
SL 504
Tgt 579 -608 - 635
Please Correlate by yourself also on charts. This is for Educational and Paper Trading Purpose Only. Must Consult your financial advisor before Investing.
emamireported a 56 per cent jump in consolidated profit after tax at Rs 185.25 crore in the second quarter ended September on the back of higher revenue and cost optimisation measures. The company had posted a consolidated profit after tax of Rs 118.45 crore in the second quarter last fiscal
EmamI Ltd.Emami Ltd, has been under consolidation since a long period. Finally has shown some sign of reversal for the given targets
Emami ReversalThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed based on fundamentals and near swing high.
Emami Short TermThe stock has reached lower trend line and took support and is ready for a reversal rally. Trade is supported by brokerage calls.
A potential candidate for multi year breakoutEmami Limited with good movement is heading towards its long term resistance level. Coupled with the strength in thr business profile and financial profile, the stock has potential to reach the level of 665 and could provide a multiyear breakout if supported with good volumes.
Breakout from channelEmami has broken out of channel like pattern....targets marked..From Technical analysis point of view it appears as if it will go up...let's wait and watch.
EMAMILTD took BO and retested.. ready for next TargetEMAMILTD took BO and retested.. ready for next Target
EMAMILTD - Short to medium term swingThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
For larger perspective, check out the below image -
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
EMAMI LTD. - Looking BullishAs per my analysis, EMAMI LTD. is trading in a higher high - higher low formation on a weekly timeframe which confirms bullishness in the stock.
It is currently trading near the support trendline which can be a low-risk entry.
It has the potential of reaching the target of 550+ within the next 1-2 months with a stop below 460 levels.
EMAMI LTD Day Chart As per my view Emami Ltd is forming an head and shoulder pattern in Day chart
Entry will be at 440-460 for short term traders(1-3months) and target can be 510 range.
decreasing its pledge , a good buy1.The group completed the sale of its cement business to Nuvoco Corporation Ltd in July 2020 for an enterprise value of Rs 5,500 crore. The completion of Emami Cement deal with Nuvoco has been an important step in the Group’s stated objective and commitment to release the Promoter Pledge
2.FMCG – Emami Ltd -The flagship company of the Group & one of the leading FMCG players in the country which is engaged in manufacturing & marketing of personal and healthcare products like Navratna, BoroPlus, Zandu Balm, Fair & Handsome and Kesh King. The Company has also forayed into the Home Hygiene Category with the launch of its EMASOL Range of Products.
3.Bio Diesel and Edible Oil – Emami Agrotech – 2nd largest edible oil refinery in India with a capacity of 11,000 TPD. In addition, it is Eastern India’s only biodiesel manufacturer.
4.Paper – Emami Paper Mills – India’s largest newsprint manufacturer with recent diversification in multi layered paperboard.
5.Writing Instrument – CRI Ltd – World’s 2nd largest ball point tip manufacturer.
6.Realty – Emami Realty – A leading real estate company with prestigious projects viz. Emami City, Urbana, South City etc in Kolkata, Emami Tejomaya in Chennai, Emami Aerocity in Coimbatore and Emami Nature in Jhansi.
7.Healthcare – AMRI Hospitals– Eastern India’s largest chain of private hospitals.
8.Retail –Emami Frank Ross and Starmark – Largest pharmacy retail chain in the East & one of the largest leisure-cum-book store chains in India.
9.Contemporary Art – Emami Art and Kolkata Centre for Creativity – One of the largest creative centres and art galleries in India.
