Triveni Turbine Breakout

2022年9月5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 November 2021, TRITURBINE has given a breakout today. Buy with a stop just below ₹215. (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. 10 year and 5 year average ROE more than 15%

2. Debt to equity at 0.00(less than 1 is good), Interest Coverage at 173(greater than 3 is good), FCF to CFO at 79%

3. Dividend yield at 0.56% (consistent dividend payer since 2012 except in the year 2019)

4. FIIs have been increasing their stake since Dec'2019

Weaknesses: -
1. Stock is trading at 9.04 times its book value

2. The company has delivered a poor sales growth of 2.74% over the past five years

3. Earnings include an other income of Rs.230 Cr

4. DIIs have been decreasing their stake since Sep'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.