How to identify a multibagger stock?
Updated
Ways to identifty a multibagger and a good stock for positional trade:
The stock should fulfill the following criteria
1.It should be from a booming sector and the broader index should be uptrending
2.The relative strength of the stock to Nifty 50 should be in uptrend
3.RSI should be above 40
4.The stock should be in a stage 2 uptrend structure (breakout with good volumes + consolidation --> breakout with good volumes as shown in the structure of sun pharma)
5.The stock should have low volume consolidation.
Many more examples are there from the realty sector and few from the financial sector and I will be uploading them very soon FOLLOW me to get notified when i upload a new idea
Till then,
Happy Trading :)
The stock should fulfill the following criteria
1.It should be from a booming sector and the broader index should be uptrending
2.The relative strength of the stock to Nifty 50 should be in uptrend
3.RSI should be above 40
4.The stock should be in a stage 2 uptrend structure (breakout with good volumes + consolidation --> breakout with good volumes as shown in the structure of sun pharma)
5.The stock should have low volume consolidation.
Many more examples are there from the realty sector and few from the financial sector and I will be uploading them very soon FOLLOW me to get notified when i upload a new idea
Till then,
Happy Trading :)
Note
Wasn't this stock a MULTIBAGGER?
Telegram - @bazaarpulse
t.me/bazaarpulse
PLEASE JOIN ONLY for educational purposes
t.me/bazaarpulse
PLEASE JOIN ONLY for educational purposes
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.