Stock Characteristics #1: Head & Shoulder!!!
I have found that some stocks follow their own pathways. These are original and unique patterns that can achieve their target almost 80-90% times. Here, I have posted one of my favorite chart patterns.
I will post the remaining patterns one by one on the 2st and 4th Sunday of every month. For your reference, you...
retracement 0.5 tested, cross above that can see 115 on chart
oscillators support possible for rally
overall market support possible for rally
entry on close above 97.5 with stop as comfort for target 115 +
disclaimer - for study purpose only.
A guy named Ashok climbed 9.7 meters on a poll to watch a cricket match, he adjusted up and down for 3.3 meters, but he was still unable to watch the match. Now, there is a possibility that he may attempt to climb higher for a better view. How many meters he needs to climb for a better view?
This is a kind of questions asked in my school days, and yes, I managed...
A flag & pole pattern is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a...
Intraday / Swing / Short term pick: Looks good for 110/132 in 3 to 6 months:
Looking at how price is behaving it can touch 110 130 in few months. Good entry was around or above 58 but NOW ONE CAN enter above 86 on daily closing with confirmation. SL would be 76.
For intraday enter above or between 84-85 for the target of 95/100 with SL of 82
Note: I am not a SEBI...