Bharat Gears Breakout
Diupdate
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on RSI close below 30 (or use any other method of your liking)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
After a consolidation since November 2021,
BHARATGEAR has given a breakout today. Support around ₹165.
Strengths: -
1. TTM Sales growth is at 21% and TTM Profit growth is at 78%
2. The company has delivered good profit growth of 78.3% CAGR over the last 5 years
3. Record Date for Bonus Issue (in the ratio of 1:2) of Equity Shares of the Company is September 28,2022
4. CRISIL Ratings had on 19th May 2022, upgraded its rating on the long-term bank loan facilities of the company(please go through the credit rating report for better understanding)
Weaknesses: -
1. Company has a low return on equity of -1.40% for last 3 years
2. June quarter OPM dropped to 6.65% from 10.77% a year ago
Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advices from your advisors before jumping in.
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on RSI close below 30 (or use any other method of your liking)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
After a consolidation since November 2021,
BHARATGEAR has given a breakout today. Support around ₹165.Strengths: -
1. TTM Sales growth is at 21% and TTM Profit growth is at 78%
2. The company has delivered good profit growth of 78.3% CAGR over the last 5 years
3. Record Date for Bonus Issue (in the ratio of 1:2) of Equity Shares of the Company is September 28,2022
4. CRISIL Ratings had on 19th May 2022, upgraded its rating on the long-term bank loan facilities of the company(please go through the credit rating report for better understanding)
Weaknesses: -
1. Company has a low return on equity of -1.40% for last 3 years
2. June quarter OPM dropped to 6.65% from 10.77% a year ago
Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advices from your advisors before jumping in.
Catatan
Touched Rs.250 today, up 25% from initial buy price.
Pernyataan Penyangkalan
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