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BHARATGEAR

Bharat Gears Breakout1. 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, NSE:BHARATGEAR has given a breakout today. Support around ₹165. Strengths: - 1. TTM Sales growth is at 21% and TTM Profit growth is at 78% 2. The company has delivered good profit growth of 78.3% CAGR over the last 5 years 3. Record Date for Bonus Issue (in the ratio of 1:2) of Equity Shares of the Company is September 28,2022 4. CRISIL Ratings had on 19th May 2022, upgraded its rating on the long-term bank loan facilities of the company(please go through the credit rating report for better understanding) Weaknesses: - 1. Company has a low return on equity of -1.40% for last 3 years 2. June quarter OPM dropped to 6.65% from 10.77% a year ago 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 advices from your advisors before jumping in.
NSE:BHARATGEARLong
by akashbothra
FY21-22 Swing Trade Idea #35: Long on BHARATGEARThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
NSE:BHARATGEARLong
by onerighttrade
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