dude it's a loss making company with no fundamentals with negative EPS. Even if the technicals suggest a breakout or something the fundamentals suggest exactly the opposite, i think it's way to risky to trade on this still i wanna know what are your thoughts on this and what's your take on it
CuriousChartist
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@sandeshprabhu85, In a bull market momentum is king. If there is a good breakout with volume, some big hand is interested. My analysis is limited to what a stock can do in the near future and not recommendations for anyone to buy. My purchase price is 96 which is also now my stop loss. Anything above that is profit.
sandeshprabhu85
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@CautiousChartist, i agree but decent fundamentals are still necessary i think
CuriousChartist
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@sandeshprabhu85, True but swing trades is purely based on technical momentum. Holding period of 10-20 days - how much will the fundamentals contribute.
sandeshprabhu85
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@CautiousChartist, okay
rishabhjain190390
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@CautiousChartist Bhai, I keep following your recommendations and personally like your methodology and understanding of the market. However, I beg to raise one aspect of swing trades that it may last from 10-15 days to 2-3 months or even more for some people. so if you could also mention the estimated holding period for your opinions/study, it would increase the benefit to the society. 🙏
I like your work 👍🏻☺
CuriousChartist
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@rishabhjain190390, Firstly, thank you for the kind words Bhai. Secondly, you are right , swing period can vary based on the setup. When I said 10-20 days, it was with respect to most of my analysis because I at least aim for the first target. The subsequent targets could come in weeks or months.
Thirdly, I'm not SEBI registered and none of my analysis is a recommendation to buy/sell. They are just my analysis on what a stock a can do in the near term so I'm sorry recommending an estimated holding period isn't possible because I cannot be held responsible for any buy/sell profit/loss decision. One can hold until targets hit or their conviction lasts.
sandeshprabhu85
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@CautiousChartist, good point
rishabhjain190390
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@CautiousChartist, Noted bhai, keep up the good work. 🙂