The Wave Perspective

Quality Market Analysis.

[Yash @YashN003]

Archean Chem can offer a great Ipo base opportunity, especially since we saw a shakeout indicating weak holders are shaken out, Would consider buying above the highlighted level if it breaksout.
#ACI #ARCHEAN #IPO #IPOBASE

[Yash @YashN003]

FiveStar can give us an opportunity to buy a primary base after ipo,
It could consolidate and form a handle or breakout rightaway,
In either case I would consider buying above 630.
We also experienced a shakeout which is a positive sign
#Fivestar #Ipo #ipobase

[Yash @YashN003]

Fusion can form a low-cheat setup and offer us a good primary base opportunity, Watch it.
#fusion #Fusionmicrofinance #ipo #ipobase

[Yash @YashN003]

Kaynes can set up constructively and can offer a good ipo base buying opportunity,
We saw shakeouts not only on the upside but also on the downside which is constructive indicating weak holders are shaken out.
Would consider buying above marked levels
#Kaynes #ipobase #IPO

[Yash @YashN003]

Landmark Cars looking very good and is showing vcp characteristics,
Could be a great Ipo base,Would consider buying above the marked levels.
#landmarkcars #IPO #Ipobase
#LandMark

[Yash @YashN003]

Sula Vineyards can give an Ipo base opportunity,It could form a cheat area which you should be on the lookout for, I would consider Buying above the marked levels if it sets up constructively.
#sula #sulavineyards #IPO #ipobase

[Yash @YashN003]

UNIPARTS India can form an Ipo Primary Base,Would consider buying above 590, The setup would be more constructive if it consolidates and forms a handle but it can bought even if it comes straight away.The Shakeout experienced is a good sign
#Ipobase #Uniparts #Ipo #Unipartsindia

[The Wave Perspective @WavePerspective]

@mayureshm_joshi @MarketSmithIND Thanks, one last important thing, I've written this to @MarketSmithIND via feedback and also tweeted but it wasn't noticed, why can't we see profit margin numbers or % chg as we see in the American version of marketsmith,
please add it, both O'Neil and @markminervini look at it.

[The Wave Perspective @WavePerspective]

@mayureshm_joshi Agree, was just confused as I read in HTMMIS that you only need 4 DD to conclude markets topping out, and was wondering why does the team at @MarketSmithIND wait longer.
Also question why don't you count stall days or churning days as O'Neil calls them?

[The Wave Perspective @WavePerspective]

@mayureshm_joshi @MarketSmithIND Why no profit margin data shown in marketsmith india? Both oneil ans mark minervini placed importance on profit margin but this data cannot be found on marketsmith, the US version of marketsmith conveniently shows profit margin upfront with eanrings and sales, please add it

[Mark Minervini @markminervini]

During my interview with Jack Schwager for Stock Market Wizards I talked a lot about loss cutting. Jack said, “Mark, this is great, but it’s what all the successful traders say.” I said "Jack, of course that’s what they say, you're interviewing Market Wizards not Market Losers."

[Mark Minervini @markminervini]

Some complain 'breakouts aren't working, I'm getting cut to ribbons." Then stop playing them until you see breakouts working! But no, you want action!!
The problem is never the market, the problem and the solution is always your response to the market.

[The Wave Perspective @WavePerspective]

As predicted, breakout happened on the upside https://t.co/rAIgB4jdce

[The Wave Perspective @WavePerspective]

@asegpi @markminervini Stop being a negatoilet

[The Wave Perspective @WavePerspective]

$FLUOROCHEM.NSE Triangle breakout

[The Wave Perspective @WavePerspective]

@StocktwitsIndia

[The Wave Perspective @WavePerspective]

$NIFTY500.NSE Forming a falling wedge pattern which is a bullish pattern but sometimes breakout can occur on the downside and in such cases market plunges sharply,
Nifty 500 can also fall after rejecting from the overh... https://t.co/lKrYLeL8MY

[The Wave Perspective @WavePerspective]

Is $NIFTYNEXT50.NSE ready for an upswing?
Historically Nifty Next 50 Turned Around Upwards Shortly after bouncing off of the supportive trendline
RSI also Showing positive divergence $NIFTY50.NSE

[The Wave Perspective @WavePerspective]

$METROBRAND.NSE Waiting for the breakout