Dalal Street Investment Journal: Multibagger Alert: This specialty chemical stock has given a price volume breakout on Thursday.
1. #PRIVISCL which was earlier known as fairchem speciality chem has performed reasonably well and price has grown more than 5X since Mar20. Not only stock is overvalued on multiple fundamental parameters .it's overbought technically on multiple time frames.Still multiple media sources with an agenda will now market it as a good investment as a breakout and thus trap retail to provide exit for others near the top.
2. My request to investors never believe in such news items about virtues of a stock as their agenda will always go against ur own investing welfare.
3. Finally Learn investment analysis and do your research before putting your hard earned money to buy any stock.Never buy without research(RE+ SEARCH).