Excel Industries 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/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or close below supertrend (for short term traders) or close below 200 day EMA (for long term investors)
After posting quarter sales growth of 64%, quarter profit growth of 198%, TTM sales growth of 47% and TTM profit growth of 114%,
EXCELINDUS gave a big volume breakout (after a long consolidation since Mar'19) yesterday but couldn't close above previous resistance and near day high. Today it has made another attempt but there is selling at the top. Still, it's a good breakout. Keep an eye on this stock and if you think markets will continue to move up, buy with a stop below Rs.1183.
Other Fundamentals: -
1. 5 year CAGR sales growth of 11% and CAGR profit growth of 21%
2. Debt to equity 0.01, Interest coverage 97.4 and FCF to CFO 40%
3. Dividend Yield of 0.83% (consistent dividend payer since 2010)
4. Continuous capacity expansion since 2011
5. Cash conversion Cycle improved from 99 in Mar'15 to 29 in Mar'21
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or close below supertrend (for short term traders) or close below 200 day EMA (for long term investors)
After posting quarter sales growth of 64%, quarter profit growth of 198%, TTM sales growth of 47% and TTM profit growth of 114%,
EXCELINDUS gave a big volume breakout (after a long consolidation since Mar'19) yesterday but couldn't close above previous resistance and near day high. Today it has made another attempt but there is selling at the top. Still, it's a good breakout. Keep an eye on this stock and if you think markets will continue to move up, buy with a stop below Rs.1183.Other Fundamentals: -
1. 5 year CAGR sales growth of 11% and CAGR profit growth of 21%
2. Debt to equity 0.01, Interest coverage 97.4 and FCF to CFO 40%
3. Dividend Yield of 0.83% (consistent dividend payer since 2010)
4. Continuous capacity expansion since 2011
5. Cash conversion Cycle improved from 99 in Mar'15 to 29 in Mar'21
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