Sometimes it can rally 100% over next 4-5 weeks. It should not come as a surprise for folks who understand the concept of a breakout.
As part of Science of Stock Price action - I also cover Live case studies where I point to new learners on how to follow breakouts live so that one can experience it to believe it. Just to illustrate - I covered LT Foods breakout on Jan 04 2017 as a breakout to follow
LT Foods broke out on Jan 04 2017...the state of stock back then
The stock has gone for 1:10 split...which means the breakout price-30.7. The stock was at 31.85 back then. Now just see where the stock is 5 weeks later
The stock is roughly 90-100% up.
Science of Stock Price Action is a training course designed to help you understand the price action mechanics with Live case studies and real life applications. It's not a recommendation service but help one understand this fascinating world of how price action results in a sustained trend.
One of the objectives of writing stateofthemarket.net blog posts is to demonstrate how price action works in a very simplistic manner. I have been writing about markets for years now and have developed a unique way of looking at the market. I have developed a course material if you are interested in learning about this whole space which comprises of the following
1. 13 Video Chapters explaining concepts
2. Trade Book which demonstrates how these concepts work
3. Live Case Study which means demonstrating how pattern works in real world situation
The above illustration was a Live Case Study example I shared.
Do you want to Learn Science of Stock Price Action with more Live case studies covering Indian and Global stocks - www.smarketpremium.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