Zuari Global Breakout
Updated
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. Either sell on initial stop loss hit or when closes below daily supertrend
High volume breakout on NSE:ZUARIGLOB. Buy with a stop loss just below Rs.157.
Positives about the company: -
1. Stock is trading at 0.18 times its book value
2. Market value of investments Rs.1824.02 Cr. is more than the Market Cap Rs.500.47 Cr.
3. Losses are continuously coming down
4. Promoter stake increasing since Sep'20 (from 54.83 to 56.95)
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. Either sell on initial stop loss hit or when closes below daily supertrend
High volume breakout on NSE:ZUARIGLOB. Buy with a stop loss just below Rs.157.
Positives about the company: -
1. Stock is trading at 0.18 times its book value
2. Market value of investments Rs.1824.02 Cr. is more than the Market Cap Rs.500.47 Cr.
3. Losses are continuously coming down
4. Promoter stake increasing since Sep'20 (from 54.83 to 56.95)
Trade closed: stop reached
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