Apollo Tyres 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,
APOLLOTYRE has given a breakout today. Buy with a stop just below ₹230.
Strengths: -
1. Quarter sales growth at 29.61% and quarter profit growth at 48.37%
2. Dividend yield at 1.21% (consistent dividend payer since 2011)
3. Debt to equity at 0.59 (less than 1 is good) and Interest coverage is at 3.03 (greater than 3 is good)
4. CRISIL Ratings has assigned its 'CRISIL AA+/Stable’ rating to the Rs.500 crore non-convertible debentures of Apollo Tyres Limited (Apollo) while reaffirming its ‘CRISIL AA+/Stable/CRISIL A1+’ ratings on the bank facilities and outstanding debt instruments on 5th August 2022 (please go through the credit rating report for better understanding)
5. DIIs increasing stake since March 2021
6. ADX > 30 on daily chart
Weaknesses: -
1. Pledged percentage 3.05
2. Promoter holding is at 37.34% (Promoter holding has decreased over last 3 years)
3. The company has delivered a poor sales growth of 9.71% over the past five years.
4. Company has a low return on equity of 5.70% for the last 3 years
5. Current ratio at 0.99 (greater than 1.5 is good)
6. FII stake decreasing since March 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 advices 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,
APOLLOTYRE has given a breakout today. Buy with a stop just below ₹230.Strengths: -
1. Quarter sales growth at 29.61% and quarter profit growth at 48.37%
2. Dividend yield at 1.21% (consistent dividend payer since 2011)
3. Debt to equity at 0.59 (less than 1 is good) and Interest coverage is at 3.03 (greater than 3 is good)
4. CRISIL Ratings has assigned its 'CRISIL AA+/Stable’ rating to the Rs.500 crore non-convertible debentures of Apollo Tyres Limited (Apollo) while reaffirming its ‘CRISIL AA+/Stable/CRISIL A1+’ ratings on the bank facilities and outstanding debt instruments on 5th August 2022 (please go through the credit rating report for better understanding)
5. DIIs increasing stake since March 2021
6. ADX > 30 on daily chart
Weaknesses: -
1. Pledged percentage 3.05
2. Promoter holding is at 37.34% (Promoter holding has decreased over last 3 years)
3. The company has delivered a poor sales growth of 9.71% over the past five years.
4. Company has a low return on equity of 5.70% for the last 3 years
5. Current ratio at 0.99 (greater than 1.5 is good)
6. FII stake decreasing since March 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 advices from your advisors before jumping in.
Penafian
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