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InfinityCapital
Jun 11, 2020 8:03 AM

Long Balaji Amines@412.5 Long

BALAJI AMINES LTDNSE

Description

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 %

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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.
Comments
pratik2kandoi
What's your target for this?
InfinityCapital
@pratik2kandoi, depends on how it moves. currently holding with an SL of 400
Trade_NSE
@InfinityCapital, Do you still hold it?
InfinityCapital
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