TEXMOPIPE Chart Speaks Strength – Buying Opportunity Near SupporThis is the 4 hour chart of TEXMOPIPES.
TEXMOPIPES having a good support zone near at 60 level.
If this level is sustain , then we may see higher prices in TEXMOPIPES.
Thank You !!
Texmo Pipes & Products Ltd.
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Trade ideas
Texmopipes - looking bullishWith Year on Year & QoQ increased Earnings with cup & handle pattern developing on charts - looking for a bullish trades
Texmo Pipes & Products LtdTexmo Pipes & Products Ltd
fundamentally nothing good at all!!! but something happening inside! let see... sector is bullish.
Texmo Pipes & Products is involved in the business activities of Manufacture of other plastics products. Company’s Total Operating Revenue is Rs. 638.44 Cr. and Equity Capital is Rs. 29.20 Cr. for the Year ended 31/03/2023. Texmo Pipes & Products Ltd. is a Public Limited Listed company incorporated on 03/07/2008 and has its registered office in the State of Madhya Pradesh,
Texmo Pipes looks like investment types..Texmo Pipes and Products Limited is engaged in manufacturing and trading of PVC, HDPE, SWR, Sprinkler, Drip, CPVC Pipes and Fittings.
Texmo Pipes and Products Limited CMP is 78.13. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge and FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are PE higher than Industry (PE=95.9), Declining Net Cash Flow and Decline in Quarterly Net Profit.
Entry can be taken after closing above 80.25. Targets in the stock will be 86, 92 and 99. The long-term target in the stock will be 108. Stop loss in the stock should be maintained at Closing below 66.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Resistance break out in texmoA very good breakout done in texmo pipes a very good time to buy it .
Buy texo pipes at 65.5
Target 68.20 70.2 74.60
Sl 58
Long term target 90-100+ in 7-8months
TEXMO PIPES & PRODUCTS 4HRconfluence of daily & 4hr Bullish Bat zone strong potential reversal zone
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL BUY
TEXMOPIPE NSE BULLISHVIEW ABOVE 67TEXMOPIPE NSE is bullish if 67 holds. New 52 week high. Fresh Breakout. Positive Trend.
*** For Educational purpose only.
NSE:TEXMOPIPES
TEXMOPIPE NSE BULLISHVIEW ABOVE 59TEXMOPIPE NSE is bullish if 59 holds. Fresh breakout. Positive trend.
**** Educational purpose only.
NSE:TEXMOPIPES
pole and pennant pattern,target of 91 in 1 monthpole and pennant pattern has formed ,target of 91 in 1 month
TEXMO PIPES CONSOLIDATIONCompany with strong financials. ROE, ROCE, ROA improving since last 2 years. Increasing book value.
