Jamna Auto Breakout
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 January 2022,
JAMNAAUTO has given a breakout on 29th June. Buy with a stop just below Rs.117.
Strengths: -
1. TTM Sales growth is at 59% and TTM Profit growth is at 92%.
2. 10 year and 5 year average ROE more than 15%.
3. Debt to equity at 0.28 (less than 1 is good), Interest Coverage at 69.6 (greater than 3 is good)
4. Dividend yield at 0.38% (consistent dividend payer since 2011)
5. Credit rating agency ICRA has reaffirmed the ratings of the company on April 2022 (please go through the credit rating report for better understanding)
6. DII's increased stake from 5.2% in June 2020 to 13.55% in March 2022
7. ADX > 30 on daily chart
Weaknesses: -
1. Pledged percentage 3.80 %
2. Stock is trading at 7.49 times its book value
3. The company has delivered a poor sales growth of 5.86% over the past five years
4. Debtor days have increased from 35.36 to 61.31 days
5. Borrowings increased to 191Cr in March 2022 from 11Cr in March 2021
6. FII's stake decreased from 7.37% in June 2021 to 5.55% in March 2022
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 advice 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 January 2022,
JAMNAAUTO has given a breakout on 29th June. Buy with a stop just below Rs.117.Strengths: -
1. TTM Sales growth is at 59% and TTM Profit growth is at 92%.
2. 10 year and 5 year average ROE more than 15%.
3. Debt to equity at 0.28 (less than 1 is good), Interest Coverage at 69.6 (greater than 3 is good)
4. Dividend yield at 0.38% (consistent dividend payer since 2011)
5. Credit rating agency ICRA has reaffirmed the ratings of the company on April 2022 (please go through the credit rating report for better understanding)
6. DII's increased stake from 5.2% in June 2020 to 13.55% in March 2022
7. ADX > 30 on daily chart
Weaknesses: -
1. Pledged percentage 3.80 %
2. Stock is trading at 7.49 times its book value
3. The company has delivered a poor sales growth of 5.86% over the past five years
4. Debtor days have increased from 35.36 to 61.31 days
5. Borrowings increased to 191Cr in March 2022 from 11Cr in March 2021
6. FII's stake decreased from 7.37% in June 2021 to 5.55% in March 2022
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 advice from your advisors before jumping in.
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