Prakash Pipes - Breakout play
A stock thats valued cheap and the results have been improving.
Long above 435 with a SL below 390 to start with. (Since its deep we start with lower allocations like 5%)
Once the stock moves and we can raise the SL to cost that then allows us to double our allocations.
Ideally above 470 double up and hopefully ride the stock up much higher.
Recently a marquee investor too entered the stock so it might increase interest in the stock going ahead.
Could be an interesting week for the stock.
Long above 435 with a SL below 390 to start with. (Since its deep we start with lower allocations like 5%)
Once the stock moves and we can raise the SL to cost that then allows us to double our allocations.
Ideally above 470 double up and hopefully ride the stock up much higher.
Recently a marquee investor too entered the stock so it might increase interest in the stock going ahead.
Could be an interesting week for the stock.
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