SKS Microfinance is now Bharat Fin Inclusion. It is turning out to be the trade of the Year
What's the best part: The rally has happened in a classic textbook style which was there for everyone to see.
Once Upon a time on Jan 12 2016: I covered SKS Microfinance
The chart on that date:
"Science of Stock Price Action" Argument:
SKS Microfinance stock has moved above the resistance of 100 dma. The rally is also changing the slope of all moving averages to up, which makes the stock buy on dips. No stock moves in one direction forever. It will pullback and so one should keep it on their watchlist to add it when they pullback to attractive levels.
The stock pulled back to test 100 dma on Jan 20 and retest again on Feb 29 2016
The Chart was all set for Big Bullish Launch
Here's the outcome -
This is how text book chart moves happen
Science of Stock Price Action
There is a logic that stocks follow when they make big moves. I have tried, to sum up, those concepts in a methodology called Science of Stock Price Action.
Do these concepts work all the time? Absolutely not. But when they work - they reward in a big big way. There are many factors at play primarily the overall market environment. The objective of my website is to put forward many Live case studies before you so that you can learn how these patterns work and why sometimes they fail too. The whole idea is to illustrate and make you understand the whole logic behind it.
If you find my work interesting - I will encourage you to buy the book and access Premium Case Studies. The idea is to demonstrate live how patterns unfold and work. They succeed, they fail but the whole process is real fun. I invite you to be part of it.
Price: INR 3500. Video Book + The access to all new chapters (Premium Case Studies) for next 6 months
Video Book developed by Deepak Singh (firstname.lastname@example.org)
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