Gujarat Alkalies & Chemical ready for the uptrend!🤩💸🔥

Buy Gujarat Alkalies & Chemicals for Positional Trading as well as Investment💸🔥💸
Comment your views!!!🧐🤔🧐
Gujarat Alkalies and Chemicals Ltd is a multi-product chemical manufacturing company and is one of the leading manufacturers of Caustic Soda Lye.
💡Product Offerings & Revenue Mix FY21:
Caustic Soda Lye: 21%
Caustic Soda Flakes: 11%
Hydrogen Peroxide: 9%
Chloromethanes: 9%
Aluminium Chloride: 9%
Phosphoric Acid(85%): 6%
Others: 35%
💡Products' Applications:
Its products are used by various industries viz. Textiles, Pulp & Paper , Soaps & Detergents, Alumina, Water Treatment, Petroleum, Plastics, Fertilizers, Pharmaceuticals, Agrochemicals, Plant Protection, Dyes & Dyes Intermediates, etc.
It earned ~14% of revenues from exports in FY21.
✅Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company posted the best Q2 result in its history & is expected to post a similarly strong result in Q3 too.
❇️The stock had given a Multi-Year Volume Breakout in Oct 2021 & then it was in a retracement phase. With the recent Volume Breakout of the base & Volume Continuation, the stock seems to have completed its retracement & now is poised for a big 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.

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