InfinityCapital

Long Balaji Amines@412.5

Long
NSE:BALAMINES   BALAJI AMINES LTD
I took a pilot position at 412.5 and I will be looking to add at minor corrections

Technicals: stock quickly recovered from recent COVID-19 crash lows. It held 2019 lows and surged closer to its 52WH. Price has been consolidating since April.

Fundamentals:

TThis stock shows good sales and profit growth. TTM earnings are close to highest levels since 2018. if the margin improves, the profits can rise.

5 years of sales growth - 9.12%
5 years of profit growth - 27.93%
Margins close to its higher levels of 19 %

Trade active:
Added 2x at 418.5. BO with above-average daily volume. looks good for now
Trade active:
new high 494. sitting tight with an sl of 438.
Trade active:
New high 557. this stock has been acting well. going to hold it without booking any partial profits for a while. there is strong momentum in this stock.

Value doesn't move stock prices, people do by placing buy orders. Value is only part of the equation. Ultimately, you need demand - Mark Minervini
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