Reiterating Buy Call on PI Industries๐คฉ๐ธ๐ฅ
Buy PI Industries for Positional Trading as well as Investment.๐ธ๐ฅ๐ธ
Comment your viewsโผ๏ธ๐
.
๐กKey triggers for future price-performance:
1) Strong order backlog in CSM bodes well for future growth.
2) Foray into pharma CDMO expands revenue visibility further.
3) Improvement in the operational performance to aid return ratios.
.
โ๏ธ Technically & Fundamentally Strong๐ช๐ช
The company recently posted an Amazing Q3 Result.
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โผ๏ธ The stock is in a long term uptrend however from Sept 2021 it was in a retracement phase. With the recent announcement of the Q3 result which is amazing the stock has witnessed a W pattern Reversal from a crucial level. A strong rally is expected from current levels.
.
๐technofunda_traderโ
Few Important rules from my Trading Philosophy:โ
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
โ 5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
.
Like, Comment & Share ๐๐๐
Comment your viewsโผ๏ธ๐
.
๐กKey triggers for future price-performance:
1) Strong order backlog in CSM bodes well for future growth.
2) Foray into pharma CDMO expands revenue visibility further.
3) Improvement in the operational performance to aid return ratios.
.
โ๏ธ Technically & Fundamentally Strong๐ช๐ช
The company recently posted an Amazing Q3 Result.
.
โผ๏ธ The stock is in a long term uptrend however from Sept 2021 it was in a retracement phase. With the recent announcement of the Q3 result which is amazing the stock has witnessed a W pattern Reversal from a crucial level. A strong rally is expected from current levels.
.
๐technofunda_traderโ
Few Important rules from my Trading Philosophy:โ
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
โ 5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
.
Like, Comment & Share ๐๐๐
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