Ideas Lab is a place where I intend to discuss different opportunities that show up on the screen based on the science of stock price action. These are ideas and not trading recommendations. The objective is to learn from live experience - what works and what does not. In markets, we are always dealing with probabilities and not certainties.
R.S. Software strong bounce from 200 week moving average
RS Software stock has been in a strong uptrend for now very long time. Technically, such stocks are great buys on deep pullbacks near 200-week moving average. The stock is right now at 200-week moving average and has started to rally. One should keep a stop loss on closing basis below 116 and hope the current rally is for real.
Aptech Trendline Turnaround for real?
Aptech stock has been down and out for long time. But recently there has been a pickup in education stocks. The rally in the sector helped Aptech cross a major trendline resistance as shown on the chart above. The Big question: Is the trendline resistance turnaround for real? If the answer is YES, then we might be looking at major rally in the stock. But as always - any idea should have protective strategy. Keep a closing stop loss below 64.75.
Gateway Distriparks: Bullish Base
Gateway Distriparks has spent last 12 months building a bullish base for future rally. Such base building lots of times turn out to be excellent opportunity to accumulate stocks for long run. Will GDL work out the way it is envisaged?
Idea Summary Sheet
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication, you agree to make no trade relying in whole or in part on the comments of the writers