Bajaj Holdings breakout
Aggiornato
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 initial stop loss hit or daily RSI closing below 40
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 December 2021,
BAJAJHLDNG has given a breakout today, volume is also very high (4 times the average volume on daily charts). By with a stop below rupees 5300.
Other fundamentals:
1. The Co. has investments in group Co. like Bajaj Auto, Bajaj Finserv, Bajaj Auto Holdings, Maharashtra Scooters, Bajaj Electricals, Mukand Ltd., Hercules Hoists, Mukand Engineers, etc. with a market value of ~Rs.99,000 Cr as of the end of FY21.
2. The Co. has investments in fixed income securities like debentures & bonds, Government securities, Mutual funds and CDs with a market value of ~Rs.3,800 Crs. The Co had a return of 8.3% with a portfolio yield of 6.5% with an average maturity of 4.3 years.
3. The objective of the Co’s investment portfolio is to balance risk with adequate return. Its policy allocation towards equities is capped at 60%. It invests mainly in listed equities but also invests selectively in unlisted equities and alternate investment funds.
4. Dividend yield of 2.69% (consistent dividend payer since 2010).
5. Debt to equity at 0.00 (less than 1 is good), Interest Coverage at 1243(greater than 3 is good), FCF to CFO at 99.9%.
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 daily RSI closing below 40
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 December 2021,
BAJAJHLDNG has given a breakout today, volume is also very high (4 times the average volume on daily charts). By with a stop below rupees 5300.Other fundamentals:
1. The Co. has investments in group Co. like Bajaj Auto, Bajaj Finserv, Bajaj Auto Holdings, Maharashtra Scooters, Bajaj Electricals, Mukand Ltd., Hercules Hoists, Mukand Engineers, etc. with a market value of ~Rs.99,000 Cr as of the end of FY21.
2. The Co. has investments in fixed income securities like debentures & bonds, Government securities, Mutual funds and CDs with a market value of ~Rs.3,800 Crs. The Co had a return of 8.3% with a portfolio yield of 6.5% with an average maturity of 4.3 years.
3. The objective of the Co’s investment portfolio is to balance risk with adequate return. Its policy allocation towards equities is capped at 60%. It invests mainly in listed equities but also invests selectively in unlisted equities and alternate investment funds.
4. Dividend yield of 2.69% (consistent dividend payer since 2010).
5. Debt to equity at 0.00 (less than 1 is good), Interest Coverage at 1243(greater than 3 is good), FCF to CFO at 99.9%.
Nota
Bajaj holdings is back to the supports. It will be a buy if it can cross Rs.5900-5950 once again.
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