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/(Buy Price-Initial Stop Loss Price) 4. First sell on initial stop loss hit or close below supertrend
After a consolidation since 17th Apr'15 NSE:NDTV today with high volumes. YOY quarter sales increased by 10% and YOY quarter profit increased by 36%. It's a good multiyear breakout and can be bought at current levels with a stop just below Rs. 136.
Other Fundamentals: - 1. Company has reduced debt (from 191cr in Mar'18 to 52cr in Sep'21) 2. Company has delivered good profit growth of 27.05% CAGR over last 5 years 3. Company has a good return on equity (ROE) track record: 3 Years ROE 41.08% 4. Promoter holding is high at 61.4% 5. ROE at 60% 6. Debt to equity 0.29, Int Coverage 6.69, FCF to CFO 329 %
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Increasing strength even in this market, it will show better prices in future. Buy on dips.
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It's taking support at previous resistance line. If it bounces back above Rs. 186, that will be another chance to grab this one. Stop loss in that case will be the support price
The stock has already given breakout and will now be in retracement....
akashbothra
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@VivekGolchha, It was a good consolidation breakout after good results. I have seen many good volume breakouts to not give any retracement, so I buy the breakout, but only if it's closing near day high. Closing near day high is my confirmation signal. And if stop loss is hit then I take the loss and get out admitting I was wrong. This stock, I still think, has the potential to go up if this Russia Ukraine situation deescalates a little. One can repurchase at previous buy point or above the high with a new stop loss at the support point.
The stock has already given breakout and will now be in retracement....