KOTHARIPET trade ideas
Kothari Petrochemicals Ltd.*Kothari Petrochemicals Ltd.*
C&H Formation on Yearly Basis.
Strong Price BreakOut & Sustained.
Vol. BuiltUp Continuation to be Watched.
Trail SL with Upside.
Book Profit as per Risk Appetite.
Co. Mfgs. Poly IsoButylene: Used in Non-staining metalworking fluids, High temperature/specialty lubricants, high viscous / energy efficient gear oils & greases.
Capacity Expansion under WIP.
Growing Sales / Profitability: Qtrly/Yrly Basis. Double Digits OPM.
Low Leverage, Growing TNW, +ve CF from Ops. Growing C&CE. Satisfactory WC Cycle.
Stable Promoters Stake.
Do Your Own Research as well. This is an Opinion.
Happy Investing 😇
Triangle Pattern Breakout - KOTHARI PETROCHEMPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
KOTHARI PETROCHEMICALS BREAKOUTNSE:KOTHARIPET broke out from the triangle pattern after consolidating in it for 5 months.
The closing of the breakout candle is strong and volume burst is significant.
Buy 90% of your position if it breaks 71.4 level and sustains in 15min timeframe. Enter with 10% position after some sort of dip or retrace.
Stoploss marked on the chart. Placed below the pattern.
Follow strict risk management. Happy trading!
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