In these kind of stocks, ATH Breakout is usually the best entry.
Don't try bottom fishing and value buying as time correction can take away a lot of opportunity cost.
Just let it give a monthly or weekly close above ATH.
ABBOTINDIA
— Saket Reddy (@saketreddy) May 8, 2021
A breakout in the offing? pic.twitter.com/rnpcsQ616a
More from Saket Reddy
Everything housing is moving now, previously it was mainly the ancillary plays like Pipes, Ceramics, Adhesives and Cement. Now we have the home builders, CGD's, HFC's, MDF, Laminates, Sinks, etc..
The Home Building Theme has just broadened itself and is moving in top gear!
The Home Building Theme has just broadened itself and is moving in top gear!
The best ways to play the real estate revival theme instead of buying the home builders :-
— Saket Reddy (@saketreddy) November 21, 2020
1. Ceramics (CERA, KAJARIA)
2. Pipes (ASTRAL, SUPREME, APLAPOLLO)
3. Paints (ASIAN, BERGER)
4. Cement (JKCEM, SHREEC)
5. Construction Chemicals (PIDILITE)
6. Electricals (POLYCAB, HAVELLS)
NAUKRI
Double Top Buy above 6876.7 daily close on 1% Box Size chart. https://t.co/CXBTGrm0M6
Double Top Buy above 6876.7 daily close on 1% Box Size chart. https://t.co/CXBTGrm0M6
NAUKRI
— Saket Reddy (@saketreddy) February 11, 2021
Double Top Buy above 5603.63 daily close on a 3% box size chart and Double Top Buy active on 1% Chart.
The follow through to that Anchor column would be very interesting. https://t.co/syQJ7yM0eA pic.twitter.com/pWuZRq6CX8