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Stock Market Analysis
A detailed, informational thread on #maithanalloys
80% of it will be technical, will cover some funda points at the end!
It is said that a stock looking good in top down analysis of charts, in a strong sector backed by good earnings is a positional trade, investment idea.
1/n
80% of it will be technical, will cover some funda points at the end!
It is said that a stock looking good in top down analysis of charts, in a strong sector backed by good earnings is a positional trade, investment idea.
1/n
#maithan monthly chart
The stock gave a rounding bottom pattern breakout with very strong volumes after 3 years on consolidation phase. It even retested it perfectly on low volumes.
Hence we can conclude its highly bullish on higher time frame.
2/n
The stock gave a rounding bottom pattern breakout with very strong volumes after 3 years on consolidation phase. It even retested it perfectly on low volumes.
Hence we can conclude its highly bullish on higher time frame.
2/n
#maithan daily chart
The stock recently broke its previous swing high on great volumes. It has been consolidating near 21 DEMA on low vols. This makes it a perfect risk reward long candidate.
Hence we can conclude that the stock is looking bullish on lower time frame too.
3/n
The stock recently broke its previous swing high on great volumes. It has been consolidating near 21 DEMA on low vols. This makes it a perfect risk reward long candidate.
Hence we can conclude that the stock is looking bullish on lower time frame too.
3/n
#NIFTYMETAL weekly chart
The sector was in consolidation phase for the last 3 months before a 1 way rally & has given a F&P pattern breakout. This makes it a perfect recipe for another solid rally. All traded metals like copper, zinc have given a breakout on Friday in US.
4/n
The sector was in consolidation phase for the last 3 months before a 1 way rally & has given a F&P pattern breakout. This makes it a perfect recipe for another solid rally. All traded metals like copper, zinc have given a breakout on Friday in US.
4/n
Fundamental triggers for the co.
The Ferro Silicon Prices recently hit ATH in India - The product which it manufactures.
The stock price or long term story is already driven by 1 thing - "EARNINGS" - The co. has been handsomely growing its Sales, OPM & PAT for 5 quarters.
5/n
The Ferro Silicon Prices recently hit ATH in India - The product which it manufactures.
The stock price or long term story is already driven by 1 thing - "EARNINGS" - The co. has been handsomely growing its Sales, OPM & PAT for 5 quarters.
5/n
The main moto behind writing this thread is not to give you a stock idea but to teach you a simple process you can follow before going ahead for a positional trade, investment.
Do share your feedbacks, insights on the thread & share it with like minded people.
THE END!
Do share your feedbacks, insights on the thread & share it with like minded people.
THE END!
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