FMCG sector is really strong since few days now. Like the bottom in MArch 2020 where pharma and fmcg rallied and lead the market, we have IT and FMCG as leaders now.
But would u really consider betting on HUL (medium term) recent breakout considering its structure ????
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#tataelxsi
2772 - 4455
60% move
it made a fresh breakout recently and looks poised to make further gains
strong stock for huge gains https://t.co/bTizotDqHz
2772 - 4455
60% move
it made a fresh breakout recently and looks poised to make further gains
strong stock for huge gains https://t.co/bTizotDqHz
strong uptrending stock
— Aneesh Philomina Antony (@ProdigalTrader) April 4, 2021
unlikely to accumulate for further long
supply seems to have dried up#tataelxsi pic.twitter.com/btBiDgfxbt
Parameters
1.Price structure - higher swing highs & swing lows
2. Momentum - doubled in last 250 days & trade close to recent highs
3. Demand - Higher volume on green bars
4. Volatility - Bigger bars on upside & shorter on downside
5. Relative strength - Outperforming market
1.Price structure - higher swing highs & swing lows
2. Momentum - doubled in last 250 days & trade close to recent highs
3. Demand - Higher volume on green bars
4. Volatility - Bigger bars on upside & shorter on downside
5. Relative strength - Outperforming market
Hello Aneesh, (1) apart from the volume supported HH-HL formation in ATH or 52 weeks high stocks, what other data point u see to shortlist scrip? (2) How do u estimate the holding period for the scrip? Plz guide
— Rohit Khanna\U0001f1ee\U0001f1f3 (@Rohit_MktWale) March 26, 2022