Buy BASF for Positional Trading as well as Investment๐ธ๐ฅ๐ธ
Comment your views!!!๐ง๐ค๐ง
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โ๏ธBoth TECHNICALLY and FUNDAMENTALLY strong stock.๐ช๐ช
The company posted the best Q2 result and will very likely post a similarly strong result in Q3 too.
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๐กThe 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.
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๐@technofunda_traderโ
Few Important rules from my Trading Philosophy:โ
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.
โ 5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
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LIKE, COMMENT & SHARE ๐๐๐
Comment your views!!!๐ง๐ค๐ง
.
โ๏ธBoth TECHNICALLY and FUNDAMENTALLY strong stock.๐ช๐ช
The company posted the best Q2 result and will very likely post a similarly strong result in Q3 too.
.
๐กThe 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.
.
๐@technofunda_traderโ
Few Important rules from my Trading Philosophy:โ
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.
โ 5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
.
LIKE, COMMENT & SHARE ๐๐๐