Get started

Goodfundamentals

RCF break out, pull back and bounce1. 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 close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Largest weekly price spread c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop after consolidation since may 2021, on 29th March NSE:RCF gave a high volume breakout. Today at pulled back to the support of Rs.88.50 and is currently trying to cross the previous day high of Rs.93.70. If he successfully bounces back above Rs.93.70 it will be a good buy with a stop just below Rs.87.50. Why are fertilizer stocks in demand? Shares of fertilizers companies have been in demand riding the commodity boom, more so after the start of the Russia-Ukraine conflict. According to reports, prices of three main types of nutrients have been rising for several months on the back of supply shortages and high energy prices. Recently, the government had permitted fertilizer companies to raise output of urea manufacturing units beyond installed capacity, in order to meet shortfall. RCF fundamentals: Company has reduced debt. Stock is providing a good dividend yield of 3.35%. Company has been maintaining a healthy dividend payout of 50.47%. Debtor days have improved from 140.73 to 63.89 days. Debt to equity at 0.50 (less than 1 is good) and Interest Coverage at 7.46 (greater than 3 is good).
NSE:RCFLong
by akashbothra
Shree Pushkar Bounce Back 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. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Largest weekly price spread c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After consolidation since October 21, NSE:SHREEPUSHK gave a break out on 21st March 2022. It corrected to the level of Rs. 272 and gave a bounce back today. It is a buy with a stop below Rs. 270. Other fundamentals: 1. TTM sales growth of 29% and TTM profit growth of 49%. 2. Promoter stake increased since December 2019 from 65.03 to 67.03. 3. FII stake increased from 0.40 in June 2021 to 1.44 in December 2021. 4. Co. is a leading manufacturer of Reactive Dyes. It launched DYECOL™ range of Reactive Dyes to tackle environmental and sustainability issues of the textile wet processing industry. Its products are certified from “GOTS” and enjoy the privileged status of being a government recognized “Export House”. 5. Its product portfolio consists of 15+ grades of Fertilizers, all of which are distributed through its own distribution and dealership network in the states of Haryana, Punjab, Rajasthan, Uttar Pradesh, Himachal Pradesh, Uttarakhand, Maharashtra, Karnataka, and Goa. 6. Co. manufactures feed grade Di-Calcium Phosphate (DCP) which is manufactured from the waste generated in the manufacturing process of its other divisions. 7. Co. utilizes high-pressure steam from Sulfuric Acid for power generation and internal consumption. In FY21, it also started Electricity generation commissioned for two solar projects of 2.00 MW and 2.60 MW each. It planned CAPEX of 21 crs out of which 13.29 crs has been incurred. 8. The company's Unit V capex is almost complete and a dry trial run has been started in Q2FY22 with commercial production expected to commence in FY22. The planned capex for this facility was 108 crs out of which 99.47 crs was incurred until December 31st, 2021. 9. Post the CAPEX made in the manufacturing facilities and acquisitions of two new companies, the manufacturing capacity of the company is expected to rise substantially. Product - Current output (FY21) - Expected output (FY22-23E) Chemicals – 14,260 MTPA – 38,260 MTPA Fertilizers - 4,02,200 MTPA - 5,90,200 MTPA
NSE:SHREEPUSHKLong
by akashbothra
Maithan Alloys 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/(Buy Price-Initial Stop Loss Price) 4. Either sell on initial stop loss hit or when closes below weekly supertrend After a Quarterly Sales and Profit growth of 107% and 441% and TTM Sales and Profit growth of 74% and 215%, NSE:MAITHANALL has given a breakout with high volumes after a long consolidation since Aug'21. It's a buy with a stoploss at Rs.1138.
NSE:MAITHANALLLong
by akashbothra
Is LUX a good long term investment call right now?This post is not for traders who want to trade with stop loss. This is for long term investors who wants to buy fundamentally strong beaten down names at a good entry point. NSE:LUXIND Lux Industries Limited was incorporated in 1995 and has emerged as one of the largest players in the hosiery business having a market share of 14% of the organised industry. It is the largest mid-segment hosiery enterprise in India. The Company has more than 100 products across 16 brands to address the growing need of customers. Company’s products are available in ~4,50,000 retail points spread across India. Why is it a good buy right now? Average ROE (Return on Equity) for last 3, 5, 7 and 10 years is greater than 30% 5year CAGR (Compound annual growth rate) Sales and Profit at 16% and 40% TTM (Trailing 12 months) Sales and Profit growth at 30% and 67% Promoter Holding at 74% (greater than 45% is good) Dividend Yield at 0.49% (consistent dividend payer) Debt to equity at 0.12 (less than 1 is good), Interest Coverage at 51.5 (greater than 3 is good), Current ratio at 2.78 (greater than 1.5 is good), FCF to CFO at 71% (company won’t have to raise debt for expansion) Debtor Days came down from 132 in 2018 to 85 in 2021 Current PE at 19.4 is much lesser than 10-year average PE of 31 It is currently trading at a long-term support point. If anyone consider it for buying, put only 3% of your capital right now, buy with another 3% if it falls another 40% and invest the rest 4% (don't invest more than 10% of your entire capital in one stock) when the share closes at a 52 week high.
NSE:LUXINDLong
by akashbothra
BEL (Medium Term Study)Bharat Electronics Ltd. Chart Pattern: - Rounding Bottom Pattern Breakout - Price consolidating after breakout - Price at ATH - Price once came below the previous ATH levels, but didn't sustain even a day. Previous ATH levels now act as strong support for the price. - Price closed yesterday at ATH after crossing the previous swing high. Relative Strength: - Stock outperforming Nifty50 & its sector in 1w, 1m, 3m, 6m, 1y & 2y timeframe. - Stock is RS+ & RS in inclined upwards. - From the latest ARS date, the stock has outperformed the index by more than 20% - Stock's RS History is good. In previous years, whenever stock turned RS+ it gave good returns. Financial Performance: - Q2 witnessed Sales growth of 123% QoQ & 15% YoY - PBT growth stood at 4489% QoQ & 48% YoY - EPS growth stood at 2460% QoQ & 56% YoY - The Q2 numbers are not a turnaround. Since the company is a PSU and are manufacturers of defense items, therefore their quarterly results are cyclical in nature. - Company's Order book as of Q2 FY21 stands at 52,148 Cr with a fresh order inflow of 1,561 Cr. These orders are for the next 4 FYs. - As per DuPont 5 stage model. Cos. ROE is 19.2% Avg. - Company has zero debts as of last FY and their Net block and investments are increasing YoY along with the sales & net profits. At CMP, the stock price is around 15% away from the base of the last consolidation, so it's not overextended; it could offer a good RR in the long run. Being a PSU, this stock might be a slow grower, but it surely will be a grower. Worth keeping on a watchlist and studying thoroughly
NSE:BELLong
by AmanSaraf
Vidhi Speciality High Volume BreakoutNSE:VIDHIING Fundamentals:- Vidhi Specialty Food Ingredients is engaged in the business of manufacturing and trading in synthetic food colors and trading in chemicals. Sales and Profit CAGR for last 10 years at 12% and 28% respectively. Average ROE for last 10 years at 25% and last 5 years at 28%. Last year it was at 30%. Debt to Equity is at 0.05, Interest Coverage is at 23.6 and Current Ratio is at 5.29. Dividend Yield is at 0.70% and the company is a consistent dividend payer since 2013. All in all a good fundamental company. The stock has given a high volume breakout today. Buy with a stop below Rs.140
NSE:VIDHIINGLong
by akashbothra