Long Entry Above 273
RAMCO Industries,
Testing the middle of channel, entry will be triggered once 15 minute candle close above middle of channel, ie 273 level. One can take this counter for a target of 285, 290, 300, 305, 310, 320.
Stop loss will be placed at 245 level on daily closing basis. After achieving 2% profit on deployed capital trail the stop loss above entry price, below the middle of channel
Holding period 5 trading session
Strength
• MACD Crossover Above Signal Line
• Strong Momentum: Price above short, medium and long term moving averages
• Rising Net Cash Flow and Cash from Operating activity
• Growth in Net Profit with increasing Profit Margin (QoQ)
• Company with Low Debt
• Increasing Revenue every quarter for the past 2 quarters
• Increasing profits every quarter for the past 2 quarters
• Book Value per share Improving for last 2 years
• Near 52 Week High
Weakness
• Promoters increased pledged shares QoQ
• Inefficient use of capital to generate profits - RoCE declining in the last 2 years
• Inefficient use of shareholder funds - ROE declining in the last 2 years
• Inefficient use of assets to generate profits - ROA declining in the last 2 years
• Annual net profit declining for last 2 years
Opportunities
• RSI indicating price strength
• High Volume, High Gain
Threat
• Increasing Trend in Non-Core Income
https://www.tradingview.com/chart/q6u02xev/?symbol=NSE%3ARAMCOIND
Testing the middle of channel, entry will be triggered once 15 minute candle close above middle of channel, ie 273 level. One can take this counter for a target of 285, 290, 300, 305, 310, 320.
Stop loss will be placed at 245 level on daily closing basis. After achieving 2% profit on deployed capital trail the stop loss above entry price, below the middle of channel
Holding period 5 trading session
Strength
• MACD Crossover Above Signal Line
• Strong Momentum: Price above short, medium and long term moving averages
• Rising Net Cash Flow and Cash from Operating activity
• Growth in Net Profit with increasing Profit Margin (QoQ)
• Company with Low Debt
• Increasing Revenue every quarter for the past 2 quarters
• Increasing profits every quarter for the past 2 quarters
• Book Value per share Improving for last 2 years
• Near 52 Week High
Weakness
• Promoters increased pledged shares QoQ
• Inefficient use of capital to generate profits - RoCE declining in the last 2 years
• Inefficient use of shareholder funds - ROE declining in the last 2 years
• Inefficient use of assets to generate profits - ROA declining in the last 2 years
• Annual net profit declining for last 2 years
Opportunities
• RSI indicating price strength
• High Volume, High Gain
Threat
• Increasing Trend in Non-Core Income
https://www.tradingview.com/chart/q6u02xev/?symbol=NSE%3ARAMCOIND
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