Purchased Piccadily Agro as part of my swing trading setup (the second time I swung on it)
Technicals – double bottom formation and breakout
Fundamentals – aside from all things in order (low debt, growing top and bottom line, alcohol theme), capacity expansion is in play
For reference on the charts – purple is when I bought. Pink is when I sold half, and blue is when I sold the remaining quantity (it hit my trailing stop loss) today.
Yes it went up after I closed my positions. But no regret.
Indri (a brand of this company) winning the world whiskey award obviously played a pivotal role in this rerating. Without even having sipped the product, it’s a favourite of sorts now :p
This stock is definitely gonna be on my close watch, since such massive price action can be repeated (it is kind of a super stock as described by Jesse Stine in his book)