Jash Agreement Sign Up with German Company & 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 June 2021,
JASH
has given a high volume breakout today after an agreement sign up with German company Invent Umwelt & Verfahrenstechnik AG. The company has registered TTM sales growth of 31% and TTM profit growth of 92% in the December quarter. It is a buy with a stop at Rs.535.
other fundamentals:
1.JASH has signed an agreement with Invent Umwelt & Verfahrenstechnik AG, Germany for manufacturing of agitators, mixers and aeration equipment. Invent Umwelt & Verfahrenstechnik AG is industrial leader in this segment worldwide and the objective of the cooperation is to make Jash-Invent brand under which these products will be sold in India. The training and development for this product will be done during the first half of the year and the products will be launched in the second half of this financial year.
2. Jash Engineering Limited is manufacturing a wide range of equipment for Water Intake Systems, Water and Waste Water Pumping Stations and Treatment Plants, Storm Water Pumping Stations, Water Transmission Lines, Power, Steel, Cement, Paper & Pulp, Petrochemicals, Chemical, Fertilizers, and other process plants. Jash offers a single-stop solution under one roof including Design, Casting, Fabrication, Assembly & Testing, and provides the most varied range of these products in the largest possible sizes. Jash is today an industry leader in India for most of these products and also exports these products to over 45 countries worldwide.
3. Company has delivered good profit growth of 33.16% CAGR over last 5 years.
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 June 2021,
JASH
has given a high volume breakout today after an agreement sign up with German company Invent Umwelt & Verfahrenstechnik AG. The company has registered TTM sales growth of 31% and TTM profit growth of 92% in the December quarter. It is a buy with a stop at Rs.535. other fundamentals:
1.JASH has signed an agreement with Invent Umwelt & Verfahrenstechnik AG, Germany for manufacturing of agitators, mixers and aeration equipment. Invent Umwelt & Verfahrenstechnik AG is industrial leader in this segment worldwide and the objective of the cooperation is to make Jash-Invent brand under which these products will be sold in India. The training and development for this product will be done during the first half of the year and the products will be launched in the second half of this financial year.
2. Jash Engineering Limited is manufacturing a wide range of equipment for Water Intake Systems, Water and Waste Water Pumping Stations and Treatment Plants, Storm Water Pumping Stations, Water Transmission Lines, Power, Steel, Cement, Paper & Pulp, Petrochemicals, Chemical, Fertilizers, and other process plants. Jash offers a single-stop solution under one roof including Design, Casting, Fabrication, Assembly & Testing, and provides the most varied range of these products in the largest possible sizes. Jash is today an industry leader in India for most of these products and also exports these products to over 45 countries worldwide.
3. Company has delivered good profit growth of 33.16% CAGR over last 5 years.
Comment:
Jash up by 7.5%. Very good future prospects after the agreement.