NDR Auto Components Breakout

2022年11月7日

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 January 2022, NDRAUTO has given a breakout on Friday. Buy with a stop just below ₹460. (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. Quarterly sales growth is at 43% and quarterly profit growth is at 71% (June quarter)

2. Debt to equity at 0.07(less than 1 is good), Interest Coverage at 23.8(greater than 3 is good), Current Ratio at 2.67(greater than 1.5 is good)

3. Debtor days have decreased from 99 to 48

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.