Stock has broken out with huge volumes following spectacular result. A flag has been created. Let's wait and watch any upward move. A hidden bullish divergence has also been formed.
Trade active
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Stock up 6.5% today. Flag has been broken.
Comment
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Day ends with 8 %. Stock seems to have more steam. Let's wait and watch!
Trade active
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Stock up 4.5 % today
Trade closed: target reached
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Stock hit upper circuit - 20 % ... never expected this much. greed is not good. closing trade :)
learner/newbie here. What did you look at in the MACD and RSI charts to make a decision?
eyesice
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@extremelyrandomguy, The stock broke out with huge volumes post the q4 result and was in a brief consolidation. The MACD & RSI levels were also rising heavily. There is no divergence as of now. So let's try to ride the wave :)
Disclaimer : I am also a newbie so I may be wrong :)
@AvinashGaikwad, I was more of a pure fundamental stock picker until recently. However, couldn't find any quality stocks in this inflated market. So I am trying to do a mix of techno-funda bets.
AvinashGaikwad
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@eyesice, GREAT... i rarely check fundamentals... but it helps me narrow down the stock list.