Stage analysis of Delta Corp LtdThe stage analysis of my buying and selling of Delta Corp is to bring home the point that it is always good to sell when the stock is in strength.
I missed selling in strength and also my biasness caused me to delay the sell, even when the stock started showing signs of technical weakness after making a climax top.
Learning for trading: Book profit when the stock is strong and be ruthless when the technical parameters turn negative.
Stageanalysis
CONCOR - Multi timeframe + Fibo+ Stage Formation + flagGave a break out from stage formation.
The Indicator Used:
PANEL 1:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
PANEL 2:
1) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!