technofunda_trader

Greaves Cotton ready for the uptrend!🤩💸🔥

Long
NSE:GREAVESCOT   GREAVES COTTON LTD
Buy Greaves Cotton for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
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💡Key triggers for future price-performance:
1) Transformation strategy to increase E-mobility and new-initiatives business share to drive long term growth and help transform and de-risk its business.
2) Consolidation of manufacturing operations into Megasites to bring higher operational efficiencies and reduced fixed costs in the long run.
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✔️ Technically & Fundamentally Strong💪💪
The company recently posted a Good Q3 Result.
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💎@technofunda_trader⁠
Few Important rules from my Trading Philosophy:⁠
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 5-7% 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.
⁠5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
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