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

Wealthcreator7

2 Aug 202407:01

Summary

TLDRThe 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.

Outlines

00:00

📈 Stock Discussion: Bodel Chemicals Technical Analysis

The video script introduces a discussion on dark stocks, specifically focusing on Bodel Chemicals. The host welcomes viewers and suggests watching previous videos for context. They clarify that the discussion is medium to long-term, typically spanning one to three years. The disclaimer states that the host does not hold or sell any stocks discussed and the content is for educational purposes only, based on technical analysis rather than fundamentals. The host begins by analyzing Bodel Chemicals' chart, noting its lack of movement since 2017, with a significant drop from around ₹3040 to ₹10. They highlight key moments in 2021 and 2023, with increased volume suggesting potential momentum. The host anticipates a positive bias based on the chart patterns, including a double bottom, and advises viewers to track the stock closely, with near-term resistance around ₹100 and the next at ₹150.

05:02

🔍 Bodel Chemicals: Fundamental Insights and Future Prospects

In this paragraph, the host delves into the fundamentals of Bodel Chemicals, using screener.in to provide insights. They mention the company's capital expansion with a new project in Gujarat, focusing on downstream benzene, and a significant capex of around ₹390 crores. The market cap is noted to be around ₹1000 crores, with the company expecting revenue of ₹320 crores from this project. The host suggests that the company's fundamentals are being closely watched by investors, and while the quarterly and annual results have not been disclosed in the script, the host anticipates improvements based on the chart's strength and the company's developments. They conclude by emphasizing the importance of not solely focusing on the fundamentals but also considering the company's activities and chart development before making investment decisions.

Mindmap

Keywords

💡Dark Stocks

Dark stocks refer to stocks that are not widely discussed or followed by the majority of investors, often due to their lack of visibility or lower market capitalization. In the context of the video, the speaker is discussing dark stocks as a theme, indicating a focus on less popular or less covered companies that may have potential for significant movement or returns.

💡Technical Analysis

Technical analysis is a method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. The speaker mentions relying on technical analysis for the discussion, implying that the focus will be on chart patterns, trends, and other quantifiable data to predict future stock movements rather than on fundamental financial analysis.

💡Volume

Volume refers to the number of shares or contracts traded in a security or market during a given period. It is an important aspect of technical analysis as it can indicate the strength of a price movement. In the script, the speaker discusses volume in the context of stock price breakouts and trends, suggesting that volume increases can confirm the validity of a price movement.

💡Breakout

A breakout in stock trading occurs when the price of a stock moves above a defined support or resistance level. The term is used in the script to describe moments when the stock price of Bodal Chemicals has moved past a certain range, indicating a potential change in trend and a possible entry point for investors.

💡Bodal Chemicals

Bodal Chemicals is the specific stock being discussed in the video. It is an example of a dark stock that the speaker is analyzing. The company's stock performance, chart patterns, and fundamentals are examined to provide insights into its potential as an investment opportunity.

💡Fundamentals

Fundamentals refer to the financial and economic factors that affect a company's stock price. Although the speaker states they do not delve into fundamental discussions, they do mention providing basic information about the company's financial health and market capitalization, which are part of the fundamental analysis.

💡Capex

Capex stands for capital expenditure, which is the money a company spends to buy, maintain, or improve its assets. In the script, the speaker discusses Bodal Chemicals' capex, indicating the company's investment in new projects or expansions, which can impact its future revenue and growth potential.

💡Market Capitalization

Market capitalization is the total market value of a company's outstanding shares of stock. It is mentioned in the script as a measure of the company's size relative to its stock performance. For Bodal Chemicals, the speaker notes a market cap of around 1000 crores, providing context for the company's scale in the market.

💡Revenue

Revenue refers to the总收入 a company generates from its business activities. The speaker mentions that Bodal Chemicals expects revenue of 320 crores from its new projects, indicating potential growth and profitability that could positively affect the stock's performance.

💡Quarterly Results

Quarterly results are the financial performance reports issued by companies every three months. The speaker suggests that the improvement in Bodal Chemicals' quarterly results could be an indicator of the company's positive trajectory, which is relevant for investors looking at the stock's potential.

💡Double Bottom Pattern

A double bottom pattern is a technical chart pattern that signals a bullish reversal in a downtrend, indicating that the price may rise after a period of decline. The speaker refers to this pattern in the context of Bodal Chemicals' monthly chart, suggesting it as a positive technical signal for the stock.

Highlights

Welcome to the channel and introduction to the discussion on dark stocks.

Recommendation to watch previous eight videos on dark stocks for better understanding.

The channel discusses medium to long-term stocks, typically over one to three years.

Discussion disclaimer: No buy or sell recommendation, purely educational content.

Introduction to Bodal Chemicals stock analysis.

Stock movement since 2017 has been mostly downward with a significant drop moment.

The stock had previously reached around ₹140 in 2021.

Technical analysis shows a range break with increased volume.

Observation of volume build-up and development in the stock's chart.

Mention of a momentum in July-August 2023 with significant volume.

Expectation of a good momentum based on the current volume and chart pattern.

Discussion of potential short-term resistance levels around ₹100 and then ₹150.

Fundamental analysis indicates the company has expanded capacity with a new project in Gujarat.

The company's market cap is around ₹1000 crore with a capex of almost ₹400 crore.

Expectation of revenue generation from the new plant in the coming quarters.

Quarterly and annual results show signs of improvement.

The stock's chart shows a strong pattern with a double bottom formation.

Recommendation to closely track the stock for potential future developments.

The speaker reiterates that the discussion is not a buy or sell recommendation, urging viewers to make their own decisions.