Murudeshwar Ceramics Multi Year BO Stock is trading near multi year breakout (15yrs) with good volume build up, follow chart for proper support and resistance levels, this stock earlier posted at near 38-40 levels.
MURUDCERA
Murudeshwar Ceramics 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 January 2022, NSE:MURUDCERA has given a breakout today. Buy with a stop just below ₹32. (One can use the low of the previous bar/supertrend indicator/previous support point/fixed percentage from the buy price as stop loss also)
Strengths: -
1. TTM Sales growth is at 55%, TTM Profit growth is at 307%, quarterly sales growth is at 84% and quarterly profit growth is at 167%
2. Debt to equity at 0.24 (less than 1 is good), Current Ratio at 1.55 (greater than 1.5 is good), FCF to CFO at 56.8%
3. Debtor days have improved from 119 to 66.2 days
4. Promoter holding has increased by 1.37% over last quarter
5. Stock is trading at 0.54 times its book value
Weaknesses: -
1. The company has delivered a poor sales growth of 2.96% over the past five years
2. The company has a low interest coverage ratio
3. The Company has a low return on equity of 0.81% over the last 3 years
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 advice from your advisors before jumping in.
