Best Agrolife 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 November 2021,
BESTAGRO has given a breakout today. Buy with a stop just below ₹1280. (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 34%, TTM Profit growth is 181, quarterly sales growth is at 34% and quarterly profit growth is at 54%
2. Debt to equity at 0.82(less than 1 is good), Interest Coverage at 8.60(greater than 3 is good)
3. Dividend yield at 0.15%
4. on 6th October 2022 credit rating agency Care has said in its credit rating report, "The ratings assigned to the bank facilities of Best Agrolife Limited derive strength from the vast experience of the promoters in the industry along with long track record of operations, integrated operations of the group with diversified product portfolio and
wide distribution network (please go through the credit rating report for better understanding)
5. Promoter holding has increased by 1.88% over the last quarter
Weaknesses: -
1. Pledged percentage 0.65%
2. Stock is trading at 9.55 times its book value
3. Debtor days have increased from 53 to 77
4. Borrowings increased to 270Cr in March 2022 from 33Cr in March 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 November 2021,
BESTAGRO has given a breakout today. Buy with a stop just below ₹1280. (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 34%, TTM Profit growth is 181, quarterly sales growth is at 34% and quarterly profit growth is at 54%
2. Debt to equity at 0.82(less than 1 is good), Interest Coverage at 8.60(greater than 3 is good)
3. Dividend yield at 0.15%
4. on 6th October 2022 credit rating agency Care has said in its credit rating report, "The ratings assigned to the bank facilities of Best Agrolife Limited derive strength from the vast experience of the promoters in the industry along with long track record of operations, integrated operations of the group with diversified product portfolio and
wide distribution network (please go through the credit rating report for better understanding)
5. Promoter holding has increased by 1.88% over the last quarter
Weaknesses: -
1. Pledged percentage 0.65%
2. Stock is trading at 9.55 times its book value
3. Debtor days have increased from 53 to 77
4. Borrowings increased to 270Cr in March 2022 from 33Cr in March 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.
Disclaimer
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