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...
NSE:SUNPHARMA
I had provided a trade setup of SUN PHARMA for 12-08-2021. But trade was never get activated as it didn't came to level as per our trade setup.
I have provide the link of that trade setup in the link at the end of this.
So if you keep just the levels from that trade setup even on 13-08-2021 then How you could have made trade in SunPharma on...
Yesterdays Shooting Star and todays Doji currently ongoing. Do it suggest a correction at top. AB = AC Pattern completes at 660.00 levels which is almost todays high. Wave 5 is completing at same level of 666.00. Stock is again back from above. Is correction expected.
IT IS FORMING THIS PATTERN IT WILL BREAKOUT OR BREAKDOWN WE WILL HAVE TO WAIT AND PLAN ACCORDINGLY EMA 50 MAY WORK AS SUPPORT IF IT IS BROKEN IT MAY GO DOWNSIDE UNTIL THEN IT MAY KEEP CONSOLIDATING BETWEEN TWO TRENDLINES GOOD LUCK
This is a daily chart of sun pharma
As you can see on daily chart , sun pharma is on a down trend in Daily chart which is obvious
A successful daily close above 485 may change the trend on daily chart , till that time , it is still on a downtrend
Here the rectangular box is called the fair value area & the price usually gets attracted to this rectangle and the...
Indicators can help us in trading decisions when used correctly
The problem with most indicators is New traders think that indicators are magic indicators
In Todays tutorial , i shall tell how to use the indicator and why i had purchased Sunpharma @ 107 as told in my previous tutorial (link below)
Now coming to my first indicator
1) rsi - rsi in general if...
