Significant breakout in JTL IND.
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-> As already Explained from chart JTL INDUSTRIES has given a remarkable symmetrical tringle breakout.
-> Since 8 months It was in consolidation phase forming a beautiful tringle pattern.
-> After successful breakout it has retraced back to its breakout point multiple times and started accumulating, Then again in a last trading day it made a fairly big green engulfing candle which covered its all previous candles. That made this pattern more efficient and more convincing.
->In the latest quarterly earnings report, the stock did really well. Please have a look at its 10 years financial data.
Pros.
*PE- 32
*ROCE- 37.6 %
*Reduced debt.
*Profit grew 62.5% annually for 5 years.
*Strong 34.5% ROE over 3 years.
*Improved debtor days from 49.5 to 32.9.
*Consistent 22.6% median sales growth over 10 years.
Cons.
*Over the last 3 years Promotor holding has reduced by 15.7%.
*Company still falls under small caps that makes it a bit volatile. (But overall its growth looks promising in a long run.)
->Now this stock is ready to be traded/Invested, one can put stoploss of 370 and go further depending upon the patience level. But anyone who is convinced in its long turn growth then they can invest more when it gives a pull back.
Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section.
Note I am not SEBI registered. Do your own before investing.
-> As already Explained from chart JTL INDUSTRIES has given a remarkable symmetrical tringle breakout.
-> Since 8 months It was in consolidation phase forming a beautiful tringle pattern.
-> After successful breakout it has retraced back to its breakout point multiple times and started accumulating, Then again in a last trading day it made a fairly big green engulfing candle which covered its all previous candles. That made this pattern more efficient and more convincing.
->In the latest quarterly earnings report, the stock did really well. Please have a look at its 10 years financial data.
Pros.
*PE- 32
*ROCE- 37.6 %
*Reduced debt.
*Profit grew 62.5% annually for 5 years.
*Strong 34.5% ROE over 3 years.
*Improved debtor days from 49.5 to 32.9.
*Consistent 22.6% median sales growth over 10 years.
Cons.
*Over the last 3 years Promotor holding has reduced by 15.7%.
*Company still falls under small caps that makes it a bit volatile. (But overall its growth looks promising in a long run.)
->Now this stock is ready to be traded/Invested, one can put stoploss of 370 and go further depending upon the patience level. But anyone who is convinced in its long turn growth then they can invest more when it gives a pull back.
Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section.
Note I am not SEBI registered. Do your own before investing.
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