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My Excel sheet based fundamental Analysis of #Kajaria
ZERO trendline/momentum, chart pattern, candle stick mumbo jumbo. Pure fundamentals.
Step 1 : Background checks👇
ZERO trendline/momentum, chart pattern, candle stick mumbo jumbo. Pure fundamentals.
Step 1 : Background checks👇
Step 2 : Sales analysis
Notice how the 'trendline' of sales shows a smooth, steady rise in revenues Y-o-Y, unlike the stock price which is deceptively zigzag, which clouts one's objective judgment.
Notice how the 'trendline' of sales shows a smooth, steady rise in revenues Y-o-Y, unlike the stock price which is deceptively zigzag, which clouts one's objective judgment.
Step 3 : Profit analysis
Notice how, unlike revenues, profit tends to be slightly more volatile, reason being the fluctuating raw material prices.
One can see why there was a breakout in 2014.
Hint : it wasn't because of "green bullish engulfing candle" or any other candle🤦‍♂️
Notice how, unlike revenues, profit tends to be slightly more volatile, reason being the fluctuating raw material prices.
One can see why there was a breakout in 2014.
Hint : it wasn't because of "green bullish engulfing candle" or any other candle🤦‍♂️
