DARK HORSE STOCKS EP - 9 #darkhorses #wealthcreator7 #strongstocks

Summary

The video script discusses Dark Stock, focusing on a medium to long-term perspective, specifically on Bodal Chemicals. It highlights the stock's movement since 2017, noting a lack of significant movement and detailing recent volume increases suggesting potential momentum. The presenter emphasizes the importance of watching previous videos for context and clarifies that the discussion is educational and based solely on technical analysis, not fundamental analysis. Fundamental aspects are briefly touched upon, mentioning a capacity expansion project in Gujarat and the company's market cap and expected revenue. The script concludes by advising viewers to study the company's activities and track the stock's development, without offering specific buy or sell recommendations.

Takeaways

• 😀 The video is welcoming viewers to a channel that discusses dark stocks, suggesting that new viewers watch previous videos for better understanding.
• 📈 The discussion is about a medium to long-term type of stock, with a view that spans one to three years, focusing on 'Bodal Chemicals'.
• 📊 The stock of 'Bodal Chemicals' has seen no significant movement since 2017, despite a brief moment of momentum around that time.
• 📉 The stock has consistently been on a downward trend, with occasional volume spikes indicating potential interest or changes.
• 📝 The speaker emphasizes that the discussion is for educational purposes only and does not constitute a buy or sell recommendation.
• 📊 The speaker mentions a breakout pattern on the stock's chart, suggesting a possible upward movement in the future.
• 📈 The stock has shown signs of building volume, which could indicate a growing interest among investors.
• 💡 The speaker highlights that the stock has potential for a good moment in the particular time frame discussed, with high volume indicating a positive bias.
• 📈 The company 'Bodal Chemicals' has expanded its capacity with a new plan and project in Gujarat, focusing on benzene downstream, which could lead to increased revenue.
• 💹 The market cap of the company is around 1000 crores, and the company has spent around 390 crores on capex, expecting revenue of 320 crores from the new plant.
• 🔍 The speaker advises viewers to keep an eye on the company's quarterly and annual results, which show signs of improvement, and to closely track the stock for potential future developments.

Q & A

What is the main topic of discussion in the video script?

The main topic of discussion in the video script is Dark Stock, specifically focusing on a stock named Bodal Chemicals.

What is the disclaimer mentioned in the script regarding the stocks discussed?

The disclaimer states that any stock discussed in the video does not represent any buy or sell recommendation by the presenter. It is for educational purposes only, based solely on technical analysis, not fundamental discussions.

What is the time frame of the stock discussion in the video?

The time frame of the stock discussion is medium to long term, ranging from one to two years or even up to three years.

What significant event occurred for Bodal Chemicals in 2017?

In 2017, Bodal Chemicals experienced a just moment of momentum, with the stock price moving from around 3040 to almost ₹10.

How has the stock movement of Bodal Chemicals been since 2017?

Since 2017, the stock movement of Bodal Chemicals has been mostly downward, with no significant upward movement observed until the present.

What is the pattern observed in the stock's price movement before the breakout?

Before the breakout, the stock's price movement showed a range-bound pattern, with volume building up at various points, indicating potential for a breakout.

What happened in July-August 2023 for Bodal Chemicals according to the script?

In July-August 2023, Bodal Chemicals experienced a moment of momentum with significant volume, suggesting a potential breakout.

What is the potential short-term target price for Bodal Chemicals mentioned in the script?

The potential short-term target price for Bodal Chemicals mentioned in the script is around ₹100.

What is the next resistance level for Bodal Chemicals after the short-term target?

The next resistance level for Bodal Chemicals after the short-term target is around ₹150.

What is the fundamental aspect of Bodal Chemicals discussed in the script?

The fundamental aspect discussed is the company's capacity expansion with a new project in Gujarat based on benzene downstream, with an expected market cap of around ₹1000 crore and a capex of around ₹390 crore.

What is the expected revenue from the new project of Bodal Chemicals?

The expected revenue from the new project of Bodal Chemicals is ₹320 crore.

What is the advice given by the presenter regarding making decisions on the stock?

The presenter advises not to make blind buy decisions based on the video content. Instead, viewers should study the company's activities, track the stock, and make decisions according to their own judgment.