Meghmani Finechem ready for the uptrend!ðĪĐ
Buy Meghmani Finechem for Positional Trading as well as Investment.ðļðĨðļ
Comment your viewsâžïļð
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ðĄAbout Company:
Meghmani Finechem Ltd. is primarily engaged in manufacturing and selling of Chlor Alkali & its Derivatives with backward and forward integration facilities and also engaged in trading of Agrochemical products.
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ðĄProducts:
It is the 4th largest manufacturer of Chlor-Alkali and its Derivatives company in India. The company manufactures -
1. Chloralkalis: Caustic Soda Lye and Flakes, Liquid Chlorine, Hydrogen, Caustic Potash Lye and Flakes, etc.
2. Derivatives: The company has Chlor-Alkali Derivatives in the form of Chloromethanes and Hydrogen Peroxide
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ðĄUser Industries:
The company's products are used in industries like Refinery, Paper & Pulp, Soaps & Detergents, Textiles, Dyes & Pigments, Pharma, Agro-Chem, Paints & Coatings, Alumina, Pesticides, etc.
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âïļBoth Technically & Fundamentals strong.ðŠðŠ
The company recently posted the best Q3 Result.
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âžïļ It was in a Retracement Phase from October 2021. Recently it formed an ascending triangle pattern and had given breakout. Now with the completion of a retest of breakout level, we can expect a strong uptrend from current levels.
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ðtechnofunda_traderâ
Few Important rules from my Trading Philosophy:â
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 5-10% 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.
â 5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
.
Like, Comment & Share ððð
Comment your viewsâžïļð
.
ðĄAbout Company:
Meghmani Finechem Ltd. is primarily engaged in manufacturing and selling of Chlor Alkali & its Derivatives with backward and forward integration facilities and also engaged in trading of Agrochemical products.
.
ðĄProducts:
It is the 4th largest manufacturer of Chlor-Alkali and its Derivatives company in India. The company manufactures -
1. Chloralkalis: Caustic Soda Lye and Flakes, Liquid Chlorine, Hydrogen, Caustic Potash Lye and Flakes, etc.
2. Derivatives: The company has Chlor-Alkali Derivatives in the form of Chloromethanes and Hydrogen Peroxide
.
ðĄUser Industries:
The company's products are used in industries like Refinery, Paper & Pulp, Soaps & Detergents, Textiles, Dyes & Pigments, Pharma, Agro-Chem, Paints & Coatings, Alumina, Pesticides, etc.
.
âïļBoth Technically & Fundamentals strong.ðŠðŠ
The company recently posted the best Q3 Result.
.
âžïļ It was in a Retracement Phase from October 2021. Recently it formed an ascending triangle pattern and had given breakout. Now with the completion of a retest of breakout level, we can expect a strong uptrend from current levels.
.
ðtechnofunda_traderâ
Few Important rules from my Trading Philosophy:â
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 5-10% 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.
â 5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
.
Like, Comment & Share ððð
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