This is so useful. Thank you @heartwon 🙏

#HindCopper #Copper

Did a perfect retest of the Breakout at 151, filled the gap and is now back in action!

A nice Cup & Handle pattern seems to be forming which can take it to 215 or so as per depth of the cup.

@nishkumar1977
#Invested

#AdaniPorts

Nice symmetrical triangle formation, typical of Wave 4.

We should see a good BO soon.

Target 1100+.

✨#TataPower

Descending triangle consolidation in minor Wave 4 looks complete. Can give a Breakout soon!

#Power #Invested

@nishkumar1977

#CopperFutures

On each of the last 3 occasions, #Copper has given a good rally after touching 40DEMA. It might just do it again.

Wave wise we are in subwave v of 5 and have likely done a minor wave ii today. What will follow is an impulsive subwave iii of 5.

@nishkumar1977

Subwave v of 5 yet to start. We are still doing wave iv correction which can get over today.

#FreeTip
If there are multiple pivot confluences, it is a strong zone and should never be ignored as there is a high possibility of a very significant activity around the zone.
Today's activity is an example. Historically can find similar concepts with varying pivots...

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It's the weekend!

Grab a cup of coffee, in this thread I will explain

1. Peter Lynch's Six Categories of Stocks
2. How to identify the type of stock you own?
3. How to think and decide about the runway for growth of a company?

Lets dive right in.

For those who do not know (I doubt there will be many), Peter Lynch is one of the most successful fund managers of all time.

He managed a fund called Magellan at US Investment Giant Fidelity Investments and during his 13 yr tenure, he delivered an average CAGR of 29.2%.

Sadly the fund couldn't keep up post Lynch's retirement and his successors weren't able to keep up with his returns.

That's how good Lynch was!

In 1989, a year before retirement, Lynch wrote and published a book called 'One Up on Wall Street'.

Almost 32 years later, the teachings of the book remain relevant.

(Highly recommended read)

Chapter 7 of the Book Titled
"I've Got It, I've Got It - What is It?"

talks about the need to classify stocks.

Peter's argument is that you need to know what kind of stock you hold in your portfolio.

Not all stocks are the same - and he is right!