One very basic mistake we all make: We tend to Avoid stocks that have run up too much thinking how much more they can run.
Let me explain how wrong this assumption is. Let me explain with one example:
Case Study: Bajaj Finance
This is Bajaj Finance weekly chart between 2012 and Dec 2015. The stock made a mega mega move
The question then arises: Can one consider this stock as an opportunity after it has made such a move. The answer is YES, if there is an opportunity. Here's the opportunity return this year
Why? - Because A Good Chart is a Good Chart even after the stock has run up too much
The above is a daily chart - and see how stock made a nice base at 100 dma and then took off along with the market.
If you find the charts fascinating, take the first step by learning all about it here through experiential learning. It means learning live as the move happens
Science of Stock Price Action
I have made a Science of Stock Price Action Video Book to explain these complex concepts in simple to understand format so that you can understand what factors move the market. To make the learning experiential, I then apply these concepts in real life, so that it can help you understand the concept better
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.
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Video Book developed by Deepak Singh (email@example.com)
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