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Research weekly picks Weekly Picks 05th August 2024

Weekly Picks 05th August 2024

Written by - Fisdom Research

August 4, 2024 6 minutes

1. CLEAN SCIENCE LTP 1,651

CounterCLEAN SCIENCE LTP 1,651
CallBuy on dip
Target 11,759
Target 21,805
Stop Loss1,543 (Closing Basis)
Time Horizon2-3 weeks

Clean Science and Technology Ltd is a chemical manufacturing company specializing in functionally critical specialty chemicals. Its product range includes Performance Chemicals (MEHQ, BHA, and AP), Pharmaceutical Intermediates (Guaiacol and DCC), and FMCG Chemicals (4-MAP and Anisole). These products serve as polymerization inhibitors, intermediates for agrochemicals and pharmaceuticals, antioxidants, UV blockers, and antiretroviral reagents. They are essential in various industries, including paints and inks, agrochemicals, pharmaceuticals, flavors and fragrances, and cosmetics.

Previous Close1,562.05TTM EPS24.59
52 Week High1,690.00TTM PE67.09
52 Week Low1,243.00P/B14.42
Sector PE68.44Mkt Cap (Rs. Cr.)17,531
(Source: Moneycontrol, BSE, Fisdom Research)

Technical Outlook

C:\Users\rpatil\Desktop\1-Clean.jpeg

(Source: Fisdom research)

  • CLEAN SCIENCE has given a rectangle breakout on the weekly chart. The counter has broken an 86-week consolidation zone and sustained above the 1600 mark with above-average volumes.
  • Positive crossover has sustained, where 20 EMA has closed above 50 EMA on the weekly chart, and has sustained above major EMA on the weekly chart confirming overall bullishness.
  • Momentum indicator RSI (14) on the monthly chart has given a breakout and moved over 55-mark, indicating the bullish momentum continuation.
  • MACD has given a positive crossover on the weekly chart, change in momentum has happened to bullish trending for the counter.
Invest Now

2. IGARSHI MOTOR LTP 602

CounterIGARSHI MOTOR LTP 602
CallBuy on dip
Target 1644
Target 2664
Stop Loss560 (Closing Basis)
Time Horizon2-3 weeks

Igarashi Motors India Ltd produces micro motors and their accessories primarily for the automotive sector. The company specializes in designing and manufacturing small, permanent magnet DC motors. It operates in Japan, India, Hong Kong, Germany, the United States of America, and other regions worldwide, with the majority of its sales generated in India.

Previous Close602.55TTM EPS3.04
52 Week High692.50TTM PE198.03
52 Week Low402.00P/B4.24
Sector PE110.68Mkt Cap (Rs. Cr.)1,894
(Source: Moneycontrol, BSE, Fisdom Research)

Technical Outlook

C:\Users\rpatil\Desktop\1-Igarashi Motors India Lim.jpeg

    (Source: Fisdom research)

  • On the weekly chart IGARASHI MOTOR has given a 35-week consolidation breakout. The counter has been a Higher High – Higher Low formation, and now reversing from the lower band of the rising channel.
  •  Counter has given a breakout with relative volumes of more than 5 weekly charts.
  • Momentum indicator RSI (14) has been forming a higher low indicating a trendline bullish view.
  • Counter has been trading above major EMA on the weekly chart confirming the overall bullish view.
  • MACD has given a positive crossover on the weekly chart indicating a change in momentum to bullish.
Invest Now

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