Arvind Fashions Breakout
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 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 October 2021,
ARVINDFASN gave breakout yesterday. Buy with a stop just below ₹331. (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 65%, TTM Profit growth is at 84%, quarterly sales growth is at 188% and quarterly profit growth is at 104%
2. Debtor days have decreased from 89 to 68
3. Borrowings came down from 1755 in March 2021 to 958 in March 2022
Weaknesses: -
1. Pledged percentage 7.97%
2. Stock is trading at 6.35 times its book value
3. The company has a low interest coverage ratio.
4. The company has a low return on equity of -57.0% over the last 3 years.
5. Promoters have been decreasing their stake since June 2021
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.
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 October 2021,
ARVINDFASN gave breakout yesterday. Buy with a stop just below ₹331. (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 65%, TTM Profit growth is at 84%, quarterly sales growth is at 188% and quarterly profit growth is at 104%
2. Debtor days have decreased from 89 to 68
3. Borrowings came down from 1755 in March 2021 to 958 in March 2022
Weaknesses: -
1. Pledged percentage 7.97%
2. Stock is trading at 6.35 times its book value
3. The company has a low interest coverage ratio.
4. The company has a low return on equity of -57.0% over the last 3 years.
5. Promoters have been decreasing their stake since June 2021
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.
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