When everywhere traders and investors are nervous and panicky - then it is safer to Avoid stocks irrespective of how they are positioned on charts. But when you avoid - you miss the great opportunities too.
Here's how Lupin was placed on the chart as of 04th Feb 2016
Lupin was technically a great buy but how could you buy when other stocks of the same sector were breaking down every day. Here's Cipla Stock Chart
Cipla was a bullish stock and was building base at 572 but then it broke down
Why blame Cipla only - Here's Wockhardt Pharma Chart
BUT LUPIN investors got lucky with great earnings at the right time
Lupin reacted with 9% rally right at the support point. Lupin now has a firm base at 1610. Sometimes structure hold just when you think they are about to break
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