Stocks generally make two kinds of upmove:
1. Random; OR
The Random moves are very difficult to trade but technical moves are easy to capture and work very well.
Here are three stocks which state of the market covered technically in the month of March and stocks have made good trading moves:
I covered Persistent on March 17 at price of 654 (Point no. 13). The stock is now up 13%
Navin Fluorine at 200 dma
I covered Navin Fluorine on March 16 at price of 1408 (Point no. 15). The stock is now up 24%
Lesson: When market structure is good, stock specific opportunities work very well technically.
What are the different technical patterns:
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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