Arvind Fashions 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 October 2021,
ARVINDFASN gave breakout yesterday. Buy with a stop just below ₹331. (One can use the low of the previous bar/supertrend indicator/previous support point/fixed percentage from the buy price as stop loss also)
Strengths: -
1. TTM Sales growth is at 65%, TTM Profit growth is at 84%, quarterly sales growth is at 188% and quarterly profit growth is at 104%
2. Debtor days have decreased from 89 to 68
3. Borrowings came down from 1755 in March 2021 to 958 in March 2022
Weaknesses: -
1. Pledged percentage 7.97%
2. Stock is trading at 6.35 times its book value
3. The company has a low interest coverage ratio.
4. The company has a low return on equity of -57.0% over the last 3 years.
5. Promoters have been decreasing their stake since June 2021
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 October 2021,
ARVINDFASN gave breakout yesterday. Buy with a stop just below ₹331. (One can use the low of the previous bar/supertrend indicator/previous support point/fixed percentage from the buy price as stop loss also)Strengths: -
1. TTM Sales growth is at 65%, TTM Profit growth is at 84%, quarterly sales growth is at 188% and quarterly profit growth is at 104%
2. Debtor days have decreased from 89 to 68
3. Borrowings came down from 1755 in March 2021 to 958 in March 2022
Weaknesses: -
1. Pledged percentage 7.97%
2. Stock is trading at 6.35 times its book value
3. The company has a low interest coverage ratio.
4. The company has a low return on equity of -57.0% over the last 3 years.
5. Promoters have been decreasing their stake since June 2021
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.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.