CMP: 1167, 2nd April 2019
PI Industries has been in a sideways trend for the last 2 years, 2017 to 2019 forming a double bottom in the process, after being a growth stock before that. Eventually, it broke out of a nice tight 13 week base in the middle of Feb and started its vertical upmove.
Right now, it has also broken out on high weekly volumes on the 2 year double bottom pattern.
|Recent Earnings growth||✓|
|Low Supply (<1000 cr retail float)||x|
|Earnings are Non-Lumpy||✓|
|Positive FCF Yield||✓|