Divis labs reported highest ever revenue of Rs 1,285 crore, up 44% YoY., while PAT grew 92% to Rs 397.7 crore. The stock gapped up and ended 14.7% higher today, in the process, it broke out on above-average volume.
How to trade stocks: Don’t try to forecast the market, instead follow the market
There’s a big difference in investing in the future you’ve imagined or guessed at and buying a stock that is right now demonstrating fundamental strength, institutional accumulation and breakout characteristics – or the exact opposite.
The same holds for the overall market too, when it corrects, you don’t hold and hope for gain. Instead, you need to step back, take profits, conserve cash and wait for the market to signal a new uptrend. (see Eicher Motors chart).
This year started with a correction on major indices, the Sensex declined 8.2% till April 5, the day on which market status was changed to Rally. The Nifty declined 3.8% during the same period. Continue reading “How to trade stocks: Don’t try to forecast the market, instead follow the market”
From Where the Measurment Will Begin When Stock is Forming a Base?
We mean 25% to 30% from its prior pivot point. A stock should show strength following a breakout, racking up gains before forming a new base. That kind of action provides a strong precedent for a new base to follow. Just watch out for late-stage bases. A third- or fourth-stage base is more prone to failure than an earlier pattern.
Chart Of The Week – Oberoi Realty surges 12.8% during the week post results
Oberoi Realty reported 105% jump in their PAT and 95% jump in Topline YoY. The stock surged 12.8% during the week, after five consecutive down weeks. It is 0.7% below its 50-DMA and 12.3% below 200-DMA.
Chart Of The Day – Edelweiss reverses trend and gains 4.9% post results
Edelweiss Financial reported 53% in PAT YoY beating street estimates. Technically stock is looking weak, trading 38% and 48% below its 50-DMA and 200-DMA respectively, low Price strength of 5 and low Buyer demand of E. The stock gained 4.9% today after losing on six previous sessions.
