Thread 🧵on Best Textile Sector Stocks in India ...

Why Invest in Textile ❓

Charts of Best Stocks for Trading / Investing (Based on Set Criteria)

Charts & TA Courtesy : @YTA_School

(Must Read for Traders & Investors)

@Anshi_________ @AmitabhJha3 (Views Invited) 🙏🙏🙏
Covid-19 has altered global textile & apparel (T&A) supply chain with several brands preferring more than one sourcing destination.

Further, US-China trade war & imposition of additional duties on Chinese T&A imports have forced US-based importers to search for alternatives.
In December, US signed a law that bans imports from China's Xinjiang region over concerns about forced labour. As Xinjiang constitutes ~ 20 per cent of global cotton market, supply re-adjustment on account of this ban has led to more demand for Indian cotton and cotton yarn.
Countries such as China, Bangladesh, Vietnam, and Cambodia have become reliant on India for their cotton requirements after the ban, and Indian cotton exports have skyrocketed in the past eight months as a result.
The government’s efforts to introduce export promotion policies for the textiles sector has opened up multiple opportunities for industry players.
The government has approved PLI scheme for textiles, with an outlay of Rs. 10,683 crore for 5 years.

Each and Every company related to textile sector will directly or indirectly benefit from this.
Now lets bring in charts ...

Criteria for stock selection -

1⃣ Market Cap > 1000 Crs
2⃣ P/E below 40
3⃣ Price/Book Value < 5

Most of the stocks are showing good setup on charts

(Arranged according to Market Cap)

@caniravkaria (Views Invited)

#TechnoFunda #ShareMarket
1⃣ Vardhman Textiles (CMP - 2621.50)

Market Cap - 15145.10 Crs
P/E - 12.51
Price/BV - 2.11

Consolidation Breakout on Weekly Chart.

#TechnoFunda #VardhmanTextiles #VTL
2⃣ Welspun India (CMP - 152.90)

Market Cap - 15102.50 Crs
P/E - 21.13
Price/BV - 4.05

ATH Breakout Soon on Weekly Chart.

#TechnoFunda #WelspunIndia
3⃣ Indo Count Industries Ltd (CMP - 261.70)

Market Cap - 5166.00 Crs
P/E - 14.64
Price/BV - 3.57

ATH Breakout Expected in near Future on Weekly Chart.

#TechnoFunda #ICIL
4⃣ Arvind Ltd (CMP - 134.60)

Market Cap - 3507.50 Crs
P/E - 24.43
Price/BV - 1.26

Double U Pattern / Cup & Handle Pattern Breakout Expected in near Future on Weekly Chart.

#TechnoFunda #ArvindLtd
5⃣ Filatex India Ltd (CMP - 128.30)

Market Cap - 2889.00 Crs
P/E - 9.35
Price/BV - 3.18

ATH Breakout Today. 🚀

#TechnoFunda #Filatex
6⃣ Himatsingka Seide Ltd (CMP - 270.60)

Market Cap - 2664.30 Crs
P/E - 14.15
Price/BV - 1.87

Cup & Handle Pattern Breakout on Daily Chart.

7⃣ Mayur Uniquoters Ltd (CMP - 531.50)

Market Cap - 2369.30 Crs
P/E - 20.19
Price/BV - 3.54

Cup & Handle Pattern Breakout & Re-test on Weekly Chart.

#TechnoFunda #MayurUniquoters
8⃣ Nahar Spinning Mills Ltd (CMP - 616.80)

Market Cap - 2224.30 Crs
P/E - 6.96
Price/BV - 1.87

Flag Pattern Breakout Soon Weekly Chart.

9⃣ Siyaram Silk Mills Ltd (CMP - 460.80)

Market Cap - 2159.50 Crs
P/E - 14.33
Price/BV - 2.66

Cup & Handle Pattern Breakout Soon Weekly Chart.

🔟 Indo Rama Synthetics (CMP - 75.30)

Market Cap - 1966.20 Crs
P/E - 7.28
Price/BV - 4.93

U Shaped Pattern Breakout Soon Monthly Chart.

1⃣1⃣ Nitin Spinners Ltd (CMP - 316.70)

Market Cap - 1780.50 Crs
P/E - 8.23
Price/BV - 2.54

Flag Pattern Breakout on Weekly Chart.

1⃣2⃣ Sangam India Ltd (CMP - 387.60)

Market Cap - 1682.80 Crs
P/E - 19.82
Price/BV - 2.81

Trading at ATH. 🚀

#TechnoFunda #SangamIndia
1⃣3⃣ Kitex Garments (CMP - 269.35)

Market Cap - 1796.64 Crs
P/E - 23.71
Price/BV - 2.31

Double U Shaped Pattern Breakout on Weekly Chart.

#TechnoFunda #Kitex
1⃣4⃣ Sutlej Textiles (CMP - 95.70)

Market Cap - 1567.00 Crs
P/E - 15.37
Price/BV - 1.55

Recent High Breakout on Weekly Chart.

#TechnoFunda #Sutlej
1⃣5⃣ Monte Carlo Fashion (CMP - 707.95)

Market Cap - 1468.39 Crs
P/E - 14.81
Price/BV - 2.45

U Shaped Pattern Breakout on Weekly Chart.

#TechnoFunda #MonteCarlo
1⃣6⃣ Ambika Cotton Mills Ltd (CMP - 2191.00)

Market Cap - 1254.30 Crs
P/E - 9.54
Price/BV - 1.94

Wait for ATH Breakout on Weekly Chart.

#TechnoFunda #AmbikaCotton
1⃣7⃣ RSWM Ltd (CMP - 527.80)

Market Cap - 1243.00 Crs
P/E - 6.76
Price/BV - 1.39

U Shaped Pattern Breakout Occurred on Weekly Chart.

#TechnoFunda #RSWM
1⃣8⃣ Ganesha Ecosphere Ltd (CMP - 565.60)

Market Cap - 1234.60 Crs
P/E - 19.86
Price/BV - 2.4

Falling Channel Breakout on Weekly Chart after taking
Support on U Shaped Pattern Breakout Line.

1⃣9⃣ Century Enka Ltd (CMP - 482.40)

Market Cap - 1054.00 Crs
P/E - 6.17
Price/BV - 0.91

ATH Breakout on Weekly Chart Expected Soon.

#TechnoFunda #CenturyEnka
Disclaimer : There are not stock recommendation. Just charts of good textile stocks explaining #TechnoFunda!

Our team members may be personally invested in some of these stock hence their opinion may be biased.

Consult Financial Advisor before Investing!
Motivate @YTA_School & Team for their hard work ...

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