BASF ready for the uptrend!🤩💸🔥

Buy BASF for Positional Trading as well as Investment💸🔥💸
Comment your views!!!🧐🤔🧐
✔️Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company posted the best Q2 result and will very likely post a similarly strong result in Q3 too.
💡The stock is in a long term uptrend. From Aug 2021 it was in a retracement phase with very low volume. Now, with volume breakout of last Lower High & volume continuation retracement seems to have been completed and stock is poised to show a strong rally from current levels.
Few Important rules from my Trading Philosophy:⁠
1. Buy QUALITY stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
⁠5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.