Subject: Technical anlysis/ Casestudy on Barbeque Nation price action.
Introduction: On Hindsight anyone can tell what are the stocks that are performing well. What realy matters or give an edge is preempting the price action before it could happen.
Analysis: Barbeque nation has been exceptionaly stong in terms of the trend. Now looking at recent price action. There are signs clearly visbile that an uptrend could began at any point of time. How Am i saying this? Well, After the recent fall of 28 %approx. there has been no bearish candles seen.
Price is nicley consolidating in a range and there is low volumn activity which indicate there is silent accumulation happening on this stockl
How to trade? Have marked green candles which would be indicate a up trend move.
1. will look for wide range candles with voulme spike on 1550 and 1655,
2. one can gradually increase there position sizing once the levels are obtained.
More details on chart
Introduction: On Hindsight anyone can tell what are the stocks that are performing well. What realy matters or give an edge is preempting the price action before it could happen.
Analysis: Barbeque nation has been exceptionaly stong in terms of the trend. Now looking at recent price action. There are signs clearly visbile that an uptrend could began at any point of time. How Am i saying this? Well, After the recent fall of 28 %approx. there has been no bearish candles seen.
Price is nicley consolidating in a range and there is low volumn activity which indicate there is silent accumulation happening on this stockl
How to trade? Have marked green candles which would be indicate a up trend move.
1. will look for wide range candles with voulme spike on 1550 and 1655,
2. one can gradually increase there position sizing once the levels are obtained.
More details on chart