Indian markets do not have internal strength right now, on the surface level it looks like it had developing strength but its not true, until and unless we see a good market breadth and primary breadth ratio on a +ve trend then I would consider an upcoming strength.
@MayankS3094 Bold strategy telling swing traders to skip the one part of the setup that gives them a tight stop. "Don't wait for the flag, just buy and hope" β revolutionary. Qullamaggie built $100M waiting for exactly the tightness you're dunking on. π
@MayankS3094 You can hold but the stock is volatile so don't expect much stable return, If I where you I would have exited on a small profit, also I can see supply is hitting the stock. :)
After a period of almost 2 years of consolidation. Are we entering a new era? Only time will tell, but things are aligning in favour of a bull run. Prepare to multiply your portfolio. Manage risk always.
@StocksbyPrakhar As the momentum greats (Qullamaggie, Minervini) drill in: you trade the leaders making new highs, you don't bottom-fish laggards. WABAG = Stage 2 leader coiling at ATH with stable high vol. EMS = Stage 4 downtrend bouncing into supply spiking vol. Tempting β better.
@MindMathMoney@pheonix_trader Everything is probablity, if you observe the volume accumulation on up swing closely and compare to the downswings and resting phase, you will get your answer, its not new its something developed by hundreds of champions.
@InvestwitDinesh Avoid these kind of stocks. Stock is in downtrend and no money flow driven by any theme and catalyst so don't try to catch a falling knife, in short the recent structure looks good but it had huge overhead supply sitting.