Vinati Organics Ltd. CMP – 1758.45 (Long Term Investment Idea / Trying to come out of the slump) Market Capitalization Rs 18,073.7Cr Red Flags:🟥 High Valuation (P.E. = 44.3) Green Flags:🟩 No debt Zero promoter pledge FIIs are increasing stake MFs are increasing stake Improving annual net profit Improving cash from operations annual Previous Happy Candles Number...
VINATI ORGANICS Break out TRADE . BUY Above . 988 SL :- 950 Target :- 1112 , 1132 , 1154
A) Prior trend top B) First bottom after correction from high. C) Pull back from first bottom. D) Second bottom that undercuts first bottom which is an ideal setup of a double bottom as per William O Neil . Price retracing back to hold 10 week ma. E) Pivot point for a possible buy. 1680 plus. Stop 8% below buy point. Fundamentally, YoY quarterly EPS growth has...