The analysis is done on Weekly TF.
The purpose of sharing this analysis is to make viewers understand the stage concept
Legendary Trader - Stan Weinstein has introduced this concept of Stage analysis of a stock.
A stock goes through 4 stages in its lifetime and the cycle repeats.
Check below charts to understand the concept and results better -
1) CAMS - ...
How to do good in the markets ? - Buy low and sell high :-D
Well, in this article, I will try to explain how can you really do well in the markets, practically. Not just an advice like - Buy low and sell high.
Here's an explanation for this analysis:
Fundamental:
1. A Market leader - Castrol is the second highest market share holder with more than 20%...
#IRCTC - Is close to breaking out from the long base. RS has entered the positive zone after a long time. Hope the stock manages to close above the zone and enter stage 2.
As per Stan Weinstein methodology, stock is in late stages of accumulation
Trading above 30 Week EMA
People following that methodology will be keeping a sharp eye on this stock.
From EW - Price has reached the resistance level in a clean 5 wave rise, after completing a 78.60% retracement of the whole rise since its listing.
Any retracement would offer good...
Stan Weinstein framework:
1) Price above rising 30 Wma
2) Rising relative strength
3) Volume expansion during breakout
4) no prior resistance, stock consolidating at all time high level
entry above 86
sl below 77
SW criteria for multibagger stocks :
1) BO above rising 30 Weekly moving average
2) Volume expansion during BO
3) Rising relative strength
4) no significant prior resistance over last 2 years
Possibilities hereon:
1) Continuation of Stage 3 & then enter Stage 2.
2) If Weekly close below 30EMA then
Stage 4 -Downtrend & then enter Stage 1 again.
Let see how things unfold.
Any other view, suggestions are welcome.
