“Your objective is not just to be right but to make big money when you are right.” – William J. O’Neil, MarketSmith Founder
You will never know for sure if a stock is going to be a huge winner if you sell it too soon. If the stock you just bought makes a big jump right away, resist the urge to take the money and run.
Watching a stock go up after you sell it can be truly frustrating. That’s where the eight-week rule comes in. The rule states that if a stock breaks out from a proper base and gains 20% or more in three weeks or less, you should hold it for at least eight weeks. Continue reading “Use This Rule to Never Miss Out on Big Profits”
TeamLease Services followed up the previous week gain of 20% to record a 16.5% rally this week. The stock is currently trading 21% above its pivot price of Rs 2,543.70 and hit a new high.
Merck hit power from pivot by gaining 7.5% in today’s session. The stock exhibits strong technical and fundamental characterises with EPS Rank of 91 and Price Strength Rating of 93. The stock is trading 28% above its pivot price of Rs 1,686.80.
One up and three down days
Weekly Market Review:
The Indian market snapped its five-week winning streak amid jitteriness in the global market. Global trade war fears and hawkish comment by Federal Reserve created a wall of worry that market bulls found tough to climb.
The week began on a robust note, as the Nifty and Sensex clocked gains of 0.4% and 0.6%, respectively. However, subsequent sessions let down the investors. Continue reading “Weekly Big Picture – Bears Pound D-Street, Peg Second Distribution Day For Nifty”
Manappuram Finance rocketed 4.6% on the back of solid accumulation. The stock broke out of a 16-week long cup-with-handle base and hit a new high. Currently, the stock is trading 2% above its pivot price of Rs 124.50.