DOLLAR Near BO [Weekly]

Mar 23

DOLLAR is near a large weekly base BO, almost ~6% away from it. A couple of weeks back good volumes did try and touch that level.
As a fan of trying to catch stocks before BO as post BO they generally get extended, this might be that one scrip i am able to screen and check right now. RS scores considering 750 stocks in NSE are as follows :

• 1st Mar - 53
  
• 7th Mar - 60
  
• 15th Mar - 58
  
• 22nd Mar - 60
  

RS score hasn't really improved tbh but the chart looks solid and considering the market we saw the last couple of weeks, it held its 50 DMA when breached although with lower than average volumes.
If market conditions improve, will be tempted to take a position here with SL of 476 small weekly base pivot point.

Apr 3

Note

Attempted BO today. RS score today is 62, so above where we were when I posted. Considering Market is okay now with index around ATH, this can turn out to be a good bet. Keep SL as per your comfortability if you are getting into this.

May 2

Note

Going solid. Large Base BO working out. Have taken a position in this ~545ish levels as that was the BO pivot point.
Holding it for now.

May 14

Note

Still holding it, Even with tough market conditions, its holding up and not breaking down like most names. RS score ending 10th May was 74. So the scores are getting better and better and this gives me confidence to hold it together.

May 21

Note

Out at 634, Since its event day, expecting some sell off after a great move. I might be wrong here but gut says i might get a chance to buy it back at some support level with dried up volume before the next move starts.
In Summary, bought at 548, sold at 634. :)

May 22

Note

Good decision to sell it before the earnings were out. Phew, got saved this time :)