-Trendline breakout with high volume. -Ideal entry missed -Now at another important resistance. If broken and sustained then there is scope for further upmove. -Volume picking up with price movement. -Dry volume during pull backs. -Good ROCE -Good ROE -Debt-free company. -Profit growth of 26.3% CAGR over last 5 years
These are the reasons for picking this stock. This is a positional pick. SL is very deep so position size it or adjust the SL as per your trading style/ Risk appetite.
The chart shared is for educational purposes. Please do your due diligence before investing.
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