Long Balaji Amines

Updated
Undervalued stock
Discounted cash flow model target 3900

First entry taken, once the triangle break out add more.

This pull Back is quiet common before the breakout
Stop loss 2110
Trade active
Trade still active , but moved the stop loss to 2200.
Trade active
Trade is still active yesterday sell off , didn't affect much , that shows buyers are strong
Trade active
snapshot
Comment
Trade closed , due to stop loss, also uncomfortable holding overvalued stocks into the macro head wind. with us30y looks like will hit 5%.

snapshot
Trade closed manually
Loss 2.84%
Chart Patterns

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