TIL trade ideas
150 % in just 1 MonthAnalyzing chart on longer time frame will give us a Stocks with Multifold Return .
Points to consider to find such stocks :-
Multi Year Support
Buying from Support Levels (Big Green Volume Candles)
RSI Start to move up (Bullish Momentum)
Delivery Based Buying (High Delivery Quantity)
Not a BUY Recommendation at these levels (SL will be very High now)
TIL: Text-Book Wyckoff AccumulationThis stock is a perfect candidate for those wanting to study Wyckoff methodology. Price has cleared the inside-channel line and has to clear the upper / bigger trend channel.
Chances are that we might test the lower end of the trading range, marked in green box. Such a move may offer a nice buying opportunity, provided our assumption of Accumulation is valid. On the contrary, a breakout above recent highs would indicate that the Mark up phase is underway.
Plan your trade and position size based on your risk parameters.