Swing trade in Gujarat Fluorochemicals.
About Company
The company is a leading producer of Fluoro-polymers, Fluoro-specialties, Chemicals, and Refrigerants in India. It ranks among the top five global players in the fluoropolymers market and exports to Europe, Americas, Japan, and Asia.
Technical Analysis
The share price of Fluorochemical is currently at a 30% discount. Over the past two years, the price has been consolidating within a specific range and has been consistently following a strong support line. It tends to go up and then retraces back to the support level.
In the past four days, the price of Fluorochemical has displayed a positive momentum, consistently showing an upward trend. As of now, it has increased by 6%, indicating strong potential for further growth.
While the market continues to reach all-time highs, there are undervalued chemical stocks that remain at lower prices, Gujarat Fluorochemicals is one of those stocks.
Fundamentals.
The company demonstrates strong sales growth year after year, although its profit growth is relatively slower. However, with a ROCE of nearly 30%, this stock showcases promising potential.
Overall, this trade carries a low level of risk. However, if we decide to proceed, we can consider a risk-reward ratio of 1:5.
Just presented my Analysis, do your own research before Analysis.
The company is a leading producer of Fluoro-polymers, Fluoro-specialties, Chemicals, and Refrigerants in India. It ranks among the top five global players in the fluoropolymers market and exports to Europe, Americas, Japan, and Asia.
Technical Analysis
The share price of Fluorochemical is currently at a 30% discount. Over the past two years, the price has been consolidating within a specific range and has been consistently following a strong support line. It tends to go up and then retraces back to the support level.
In the past four days, the price of Fluorochemical has displayed a positive momentum, consistently showing an upward trend. As of now, it has increased by 6%, indicating strong potential for further growth.
While the market continues to reach all-time highs, there are undervalued chemical stocks that remain at lower prices, Gujarat Fluorochemicals is one of those stocks.
Fundamentals.
The company demonstrates strong sales growth year after year, although its profit growth is relatively slower. However, with a ROCE of nearly 30%, this stock showcases promising potential.
Overall, this trade carries a low level of risk. However, if we decide to proceed, we can consider a risk-reward ratio of 1:5.
Just presented my Analysis, do your own research before Analysis.
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