CASE STUDY -- ZERO TO HERO -- HERO TO ZERO
Updated
Here I am doing study on the monthly chart of Take Solutions on the basis of chart because I saw it stirred up so much in last 10-15 years delivered multiple returns to investors from both the scales Negative and Positive.
BEFORE TURNING MILTI BAGGER
As you can see on chart stock was listed in the year of 2007 august at the price of 88 and went up to 135 gained more the 50% till December 2007 and took a resistance near about 130 zones and down to 16 rupees which is a cut of near about 90% from that time tops and 80% cut from the listing price and after it did a mega consolidations in parallel channel from the year 2009 to 2014 with taking a channel resistance of 43 levels and the support of 20 levels of channel, and gives a breakout in the year end of 2014 from that channel after gives an other breakout of its first resistance zone too which made after resistance after it did a breakout retest successfully and went up to the all time high of 308 levels with a high parabolic move which is the gains of near about 580% from channel and 150% from retest or first listing resistance.
AFTER THE END OF A PARABOLIC MOVE
As you can see after the massive gains of after two breakouts it meting down sharply because on the second month closing from ATH it closed 227 levels which was a negative return of 26% from tops and clearly indicated that the top is identified from the smart money which due to which price has come here and the supply is going on still I don't know that but was the disaster changes was happened there in company or in fundamentals but as we always says in technical that the charts are self explanatory and explained that it is is clear cut exit whether in profit or loss because the profit that is happening probably will not be more than this and the loss that is happening can turn much more than this so after supply and re-supply stock came to the down trend as it gives a close of it's retest levels of 130 jones tanked 90% from there.
CONCLUSION (KEY TAKEAWAYS)
1- Parabolic moves are not stable such type of moves are always caution able.
2- Always get ready to book your position in loss or profit like a Active trader keep a watch regularly.
3- Do study on the chart patterns or indicators from which you can identify the lump sum tops.
4- Always decide a Trailing stop loss if you are in profit in Long position that how much you can leave.
5- Always associated with chart it can give you early signals it may possible we are wrong but it will save you from making big mistakes.
6- Always do Discipline trading with proper risk management.
𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧
BEFORE TURNING MILTI BAGGER
As you can see on chart stock was listed in the year of 2007 august at the price of 88 and went up to 135 gained more the 50% till December 2007 and took a resistance near about 130 zones and down to 16 rupees which is a cut of near about 90% from that time tops and 80% cut from the listing price and after it did a mega consolidations in parallel channel from the year 2009 to 2014 with taking a channel resistance of 43 levels and the support of 20 levels of channel, and gives a breakout in the year end of 2014 from that channel after gives an other breakout of its first resistance zone too which made after resistance after it did a breakout retest successfully and went up to the all time high of 308 levels with a high parabolic move which is the gains of near about 580% from channel and 150% from retest or first listing resistance.
AFTER THE END OF A PARABOLIC MOVE
As you can see after the massive gains of after two breakouts it meting down sharply because on the second month closing from ATH it closed 227 levels which was a negative return of 26% from tops and clearly indicated that the top is identified from the smart money which due to which price has come here and the supply is going on still I don't know that but was the disaster changes was happened there in company or in fundamentals but as we always says in technical that the charts are self explanatory and explained that it is is clear cut exit whether in profit or loss because the profit that is happening probably will not be more than this and the loss that is happening can turn much more than this so after supply and re-supply stock came to the down trend as it gives a close of it's retest levels of 130 jones tanked 90% from there.
CONCLUSION (KEY TAKEAWAYS)
1- Parabolic moves are not stable such type of moves are always caution able.
2- Always get ready to book your position in loss or profit like a Active trader keep a watch regularly.
3- Do study on the chart patterns or indicators from which you can identify the lump sum tops.
4- Always decide a Trailing stop loss if you are in profit in Long position that how much you can leave.
5- Always associated with chart it can give you early signals it may possible we are wrong but it will save you from making big mistakes.
6- Always do Discipline trading with proper risk management.
𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧
Note
SPELLING CORRECTION- MULTIBAGGER
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