Ganesh Benzoplast 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 initial stop loss hit or daily RSI closing below 40
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 2017,
GANESHBE has given a high volume breakout on Friday. Buy with a stop at Rs.105.
Other fundamentals:
1. According to a news report published on 11th March, Ganesh Benzoplast Limited along with Singapore based Golden Agri International Enterprises Pte. Ltd., K N Agri Resources Ltd and other investors, through– Bluebrahma Clean Energy Solutions Pvt Ltd. – has ventured into production of Ethanol and Extra Neutral Alcohol. (https://www.livemint.com/brand-post/ganesh-benzoplast-ltd-ventures-into-production-of-ethanol-and-ena-in-nasik-11646997880472.html)
2. 10 year sales CAGR at 10% and profit CAGR at 75%.
3. Debt to equity at 0.18 (less than 1 is good), Interest Coverage at 15.8 (greater than 3 is good), FCF to CFO at 60%.
4. From 287 crore in 2012, debt came down to 45 crores in September 2021.
5. Promoter holding has increased by 1.27% over the last quarter.
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 initial stop loss hit or daily RSI closing below 40
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 2017,
GANESHBE has given a high volume breakout on Friday. Buy with a stop at Rs.105. Other fundamentals:
1. According to a news report published on 11th March, Ganesh Benzoplast Limited along with Singapore based Golden Agri International Enterprises Pte. Ltd., K N Agri Resources Ltd and other investors, through– Bluebrahma Clean Energy Solutions Pvt Ltd. – has ventured into production of Ethanol and Extra Neutral Alcohol. (https://www.livemint.com/brand-post/ganesh-benzoplast-ltd-ventures-into-production-of-ethanol-and-ena-in-nasik-11646997880472.html)
2. 10 year sales CAGR at 10% and profit CAGR at 75%.
3. Debt to equity at 0.18 (less than 1 is good), Interest Coverage at 15.8 (greater than 3 is good), FCF to CFO at 60%.
4. From 287 crore in 2012, debt came down to 45 crores in September 2021.
5. Promoter holding has increased by 1.27% over the last quarter.
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.