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STARPAPER

Star Paper Mills 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 2018, NSE:STARPAPER has given a breakout today. Buy with a stop just below ₹175. Strengths: - 1. March 2022 Sales growth is at 42% and Profit growth is at 112% 2. Debt to equity at 0.00 (less than 1 is good), Interest Coverage at 95 (greater than 3 is good), Current Ratio at 4.27 (greater than 1.5 is good), FCF to CFO at 82.4% 4. Dividend yield at 1.22% (consistent dividend payer since March 2017) 5. FII increased stake from 0.13 in March 2022 to 1.70 in June 2022 6. ADX > 30 on daily chart 7. Stock is trading at 0.59 times its book value Weaknesses: - 1. The company has delivered a poor sales growth of 0.39% over the past five years 2. Company has a low return on equity of 6.02% for last 3 years 3. Promoters have pledged 47.5% of their holding 4. Earnings include an other income of Rs.18 Cr 5. Promoter shareholding is at 45.17% 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.
NSE:STARPAPERLong
by akashbothra
STARPAPER | Good for Long NSE:STARPAPER Cmp : 185.80 Target : 7%+ Stop Loss: Closing Below 180 #Study, Learn & Earn. If you love this post please like and comment your thoughts below. That will be a great motivation for me to post similar ideas ahead. Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action
NSE:STARPAPERLong
by Art_of_charting_Knowledge