👉 10683 cr. Rs incentives will be provide for next 5 years.
👉 Can help to create employment of 7.5lacs people directly and several lacs more for supporting activity.
👉 It is expected that this scheme will result in fresh investment of 19000 cr. And additional production turnover of Rs 3 lac crore in five years
👉 According to ministery of textile, Govt aim to increase textile export 3times from the present export value of 33bn $ to 100bn $
👉 PLI scheme , priority for investment in aspirational district and Tier 3/4 towns.
👉First (Any person/ company willing to invest minimum of 300cr. In plant , machinery, equipment and civil work to produce product of man made fibres, garments and product of technical textiles.
👉Second , those investors willing to invest minimum 100 cr. In same condition.
👉 Acc. to experts, Textile & Garment is expected to reach 190bn $ atleast by 2025-26 from 103.4bn $ in 2020-21 , and
Govt. is planning to take it to 250bn $ in next 5 years , which is almost double.
According to Apparel export promotion council ,
Only Apparel market is going to increase from 78bn $ to 135bn $ atleast.
As we know that , PLI scheme in textile is focused on Man Made fibres , Garments n technical textiles .
Now we see about Man made fibre ,
MMF industry mainly comprises of two components Polyester 77.5% & Viscose 16.5%, which total of 94% ( in volume ) ,
But Govt is planning to increase production of all types of man made fibres like Polyest, Polyamide , Acrylics , Nomex etc.
In this image , U can see Man made fibres classification , which is also related to industrial chemicals like Vinyl chloride ,etc
Big players of Polyester , and viscose and their more details
Big players of Man made fibres
Now technical textiles growth potential is also very strong .
We can expect almost 50% - 2X growth in next 3 to 5 years
These are the usage of technical textiles
These are the big players of technical textiles.
Top textiles players Are
Sutlej Textiles - leading produces of value added yarn in india , largest product portfolio of spun dyed , cotton blended melange dyed yarns
Arvind ,Vardhman Textiles ,Trident , Bombay dyeing etc are also good .
Top garment textile companies ,
Arvind ltd , bombay dyeing , century textiles , century enka , Dollar , Rupa , Nahar ind ent etc.
In textile sector , there is important role of textile chemical , dye , pigments.
Fineotex chemical is only listed pure textile chemical company in India.
Nahar group , Himatsingka , Raymond , Welspun India , Banswara Syntex , vardhaman are it's customers.
Poddar pigments , Vipul organics are also involved in textile play .
• • •
Missing some Tweet in this thread? You can try to
force a refresh
There are few important patterns in Dow Theory. Trader can use these patterns to identify trading opportunities. Some of the patterns are:
👉Double bottom & Double top formation
👉Triple Bottom & Triple Top
👉Range formation
👉Flag formation
Source Zerodha Varsity.
A double top & double bottom is considered a reversal pattern. A double bottom occurs when a stock’s price hits a shallow price level and rebounds back with a quick recovery.
Technofunda Study
Potential Upside (20-50% in 3-5 months)
Technocraft industries
KirloskarFerrous
Thread on business , details and chart are attached below.
This is not a buy/sell recommendation
Do ur own study before invest in it.
Don't buy in hurry , wait for opportunity
Technocraft Industries was incorporated in 1992. It has presence in five main business industries viz., Drum Closures, Scaffolding systems, Cotton Yarn, Fabric, Garments and Engineering Services.
Company has manufacturing facilities in India and China
Scaffolding and Formwork (38%)
It is a temporary structure used to support people and material in the construction industries, real estate and any other large structures. It is a modular system of metal pipes or tubes , exports approximately 70% Scaffolding Formwork out of india
Thread of Some mistakes retail traders/investors do
Would appreciate Retweet ,like/share as it helps many new people in market and encourage us to work more for our followers. #trading#investing
👉 Cutting winners too soon
This is a very common mistake. New traders are too quick to take a small profit when a position starts to go their way and miss the really big move. Be patient with winning trades.
👉Perhaps, it's human nature to take small gains. However, to really make a lot of money trading, you should try to be very profitable on a few trades.
👉Peter Lynch is a famous capitalist and fund manager. At present, Peter Lynch net worth is $450 million.
👉As the manager of Fidelity Investments’ Magellan Fund from 1977 to 1990 – which averaged a 29.2% return during that time and grew from $18 million in assets to $14 billion,
👉Since retirement, he is involved in extending his knowledge on investment strategies and philanthropic activities. He is well known for his skills in managing the Magellan Fund and providing the investors with the highest returns.
5 swing trade strategies below that you can use to identify trading opportunities and manage your trades from buy to sell.
Plz retweet and share if u like
1. Fibonacci retracements
The Fibonacci retracement pattern can be used to help traders identify support and resistance levels, and therefore possible reversal levels on stock charts. Stocks often tend to retrace a certain percentage within a trend before reversing again
and plot horizontal lines at classic Fib. ratios of 23.6%, 38.2% and 61.8% on a stock chart can reveal potential reversal levels.U often look at the 50% level as well, even though it doesnt fit the Fib. pattern, because stocks tend to reverse after retracing half of the last move