Vinati Organics seems to have formed a Triple bottom

Vinati Organics Ltd. CMP – 1758.45 (Long Term Investment Idea / Trying to come out of the slump)
Market Capitalization Rs 18,073.7Cr

Red Flags:🟥
High Valuation (P.E. = 44.3)

Green Flags:🟩
No debt
Zero promoter pledge
FIIs are increasing stake
MFs are increasing stake
Improving annual net profit
Improving cash from operations annual

Previous Happy Candles Number – 53/100
New Happy Candles Number – 55/100

X/3 Fresh Entry/ averaging / compounding after closing above 1778 (Tracking Quantity).
Second Entry 1835
Final Entry 1902
Targets: 1960 and 2002
Long term target: 2035
Stop loss: Closing below 1693

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