The Stock Chart does not tell you about the future. It only captures the current state of the stock but it does tell you how the big smart money is positioning itself in a stock/sector. It helps you capture a big move.
Case Study: Liquor Stocks
Liquor stocks have been making an interesting move for quite some time but it gave final signal in last week of October and it is then I covered in my Premium Section -
There were 3 stocks that gave a clear signal about its intent to make a big move back then:
1. United Spirits: Because it broke out
2. Globus Spirits: Large Candle Move
3. Radico Khaitan - New High and Breakout
I was so excited about the potential that I even shared on my Twitter TL -
— Deepak Singh (@smarket) November 8, 2017
And this is how the progress is right now and the trend will only intensify
1. United Spirits - Breakout on weekly chart
2. Radico Khaitan - Slowly and Steadily made new high with pullback to 50 dma
3. Globus Spirits - Big Candle move leading to Breakout
Do you like this case study - Here's some more
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.
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