High conviction stock - INDUSINDBKCheck this stock which has made an all time low and high chances that it makes a "V" shaped recovery.
> Taking support at last years support or breakout level
> High chances that it reverses from this point.
> Volume dried up badly in last few months / days.
> Very high suspicion based analysis and not based on chart patterns / candle patterns deeply.
DISCLAIMER : This is just for educational purpose. This type of analysis is equivalent to catching a falling knife. If you are a warrior, you throw all the knives back else you will be sorrow if it hits SL. Make sure to do your analysis well. This type of analysis only suits high risks investor and whose is willing to throw all the knives above irrespective of any sectoral rotation. BE VERY CAUTIOUS AS IT IS EXTREME BOTTOM FISHING.
HOWEVER, THIS IS HOW MULTIBAGGERS ARE CAUGHT
These analysis is based on bottom fishing method. Meaning that the stock shows an uprising potential from the bottom. Fundamentally it can be due to any major decisions in the management or tremendous performance shown or any such positive actions. Technically, it would have shown an up move using MA or RSI breakout or any such analysis.
IMPORTANT : Wait for weekly close above the breakout level.
Do your own research and analysis before investing your hard earned money.
