in asianpaint's Stock case whenever the stochastic indicator crosses below 20 to upside it had given atleast 25-30% return . and it happens very rarely. from 2008 to till today it had happened only 9 times that it crooses below 20 to upside .
which is very exceptional case . and every time this stock had given more than 25 % return after this pattern happened which you can see in the chart . and now this days this pattern is taking place in this stock .
one can buy it on 3100 to 3150 and put a stoploss arround 3030 which is strong support and can expect atleast 20% returns from this levels
i use my own stochstic indicator which anyone can use it by just changing it's settings as follow
go to setting of the stochastic indicator click on inputs and change inputs as follows
%k length 20
%k smoothing 3
%d smoothing 20
now click on style and unclick the %k icon and you are done .
yes this is kind of advice .one can take it or leave it . it all depends on your actions.
which is very exceptional case . and every time this stock had given more than 25 % return after this pattern happened which you can see in the chart . and now this days this pattern is taking place in this stock .
one can buy it on 3100 to 3150 and put a stoploss arround 3030 which is strong support and can expect atleast 20% returns from this levels
i use my own stochstic indicator which anyone can use it by just changing it's settings as follow
go to setting of the stochastic indicator click on inputs and change inputs as follows
%k length 20
%k smoothing 3
%d smoothing 20
now click on style and unclick the %k icon and you are done .
yes this is kind of advice .one can take it or leave it . it all depends on your actions.
