Please enter the trade once u get a proper breakout or reversal from the levels, Do not hesitate to contact me with any queries. Kindly support my views. Thanks
Buying on shakeouts, When the stock goes down on low volume it means weaker buyers exiting, Watch the stock and notice how quickly turns around comes right back up. In this case it took credit access exactly one minute to move from 576( days low ) to 590.
This means when the retailer/weaker buyers had moved out, institutes added more.
I bought more on when it...
The Chart shows Volatility in the price movement going down for two consecutive weeks, in week A it is 12%, in week 2 it goes to
8%. Now for us to be sure we need to see a drop of at least 50% from one week to another and from week B to week C we get that too. The contraction goes from 8% to 4% and the stock after going straight for a week goes flying up 14% in a...
Testing critical support at the moment. if fails to hold then next support is 419. If takes support at current level or from 419 then Buy and Hold with Patience with CBSL 300 CMP 461.65
Cheers and Happy Investing !!!!!
The reason to pick this stock is also the fact that the last three quarters have shown sales growth of 40% and upwards. The institutions have raised their stake in the stock by 10% overall. I have made an entry at 420.50 for a 20% upmove. if the stock moves upwards and holds its gains, I would be keen to book some profits and hold on to the rest for the annual...
