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technofunda_trader
Mar 31, 2022 7:06 AM

NOCIL ready for the uptrend!๐Ÿคฉ๐Ÿ’ธ๐Ÿ”ฅย Long

NOCIL LTDNSE

Description

โ‹…
Buy NOCIL for Positional Trading as well as Investment.๐Ÿ’ธ๐Ÿ”ฅ๐Ÿ’ธ
Comment your viewsโ€ผ๏ธ๐Ÿ˜„
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๐Ÿ’กKey drivers for future price-performance:
1) The management guided for debottlenecking of its existing unit in the near term, even as it evaluates its plans for the next three-to-five years. Specialized products constitute 25% of total revenue; with limited room for expansion (the industry standard is 12%).
2) The Indian Tyre industry is expected to grow by 15-17% in volume terms in FY22. Domestic Tyre companies are planning to ramp up production, with a planned Capex of INR200b over the next three years.
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โœ”๏ธ Technically & Fundamentally Strong๐Ÿ’ช๐Ÿ’ช
Best Q3 result.
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๐Ÿ’Ž@technofunda_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.
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