Science of Stock Price Action: Strong Stocks are great buys at 200 dma
Trade: Berger Paints at 200 dma
This was Berger Paints at 200 dma on March 18 2016:
I covered Berger Paints in Market Observations, Point 21 on March 20 (Sunday) at price of 225.
Here's what happened?
Here's the price action on Chart -
This is how a text book move looks like based on Science of Stock Price Action.
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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