Indian swing-trading ideas, tested against random picks after real costs. We publish what failed too. Free research and tools for NSE. Education, not advice.
1/ Does stage analysis predict returns?
We labelled 1,819 NSE stocks into the four phases (accumulation, mark-up, distribution, mark-down) every trading day since 2015, and checked what came next. ๐งต
1/ Does stage analysis predict returns?
We labelled 1,819 NSE stocks into the four phases (accumulation, mark-up, distribution, mark-down) every trading day since 2015, and checked what came next. ๐งต
4/ "You used the wrong rules" is fair.
Under other reasonable rules, 88% to 98% of stock-days kept the same phase. Still our construction. We didn't test volume confirmation, so no claim on that.
3/ What phases do describe:
โข Typical rising spell: 63 trading days. Falling: 55.
โข Half of rising spells ran 31 to 118 days.
โข 2021: 72% of stock-days rising. 2018: only 23% (40% falling).
2/ Short answer: no.
Over the next three months, the median stock in each phase lagged the NIFTY 500 by about as much as the median top-500 stock.
A phase tells you where a trend has been. Not where it goes next.