Does the stock act right? This can easily be affirmed if a stock respects basic technical rules. If it forms a bullish flag it should break out without having the tendency to trap traders. Support should be respected and a stock should bounce off those levels without instilling too much doubt into those holding a position.
Does the stock meet my expectations? Whenever you buy stocks you typically have very specific expectations as far as future performance is concerned. Being flexible and not letting your opinions guide your trading decisions is the way to go. But that’s another story. So whenever a stock meets or ideally exceeds your expectations it is a sign of strength. Strong stocks tend to be extremely resilient and move way higher than you would typically expect.
Does buying pullbacks get rewarded? If you buy at support you typically act in a way most technicians would describe as sound trading. Strong stocks tend to reward this kind of behaviour.
Does the stock make it easy for market participants on the sidelines to enter? Windows of opportunity tend to close very fast with strong stocks. The more difficult it is to enter the stronger the buying pressure. Smart money typically doesn’t wait when an opportunity for a good entry presents itself.
Last Close :7382
Today ,Just watch ………………………
Decisive Crossover with volumes and stays above for 15-20 minutes.
We see Rally upto 7508——7537 level in hrs only.
& There after Retest of 16th May -7625 not ruled out.
Above 7421 level……….Minor Hurdle for Traders @ 7454 level.
From 12th May :Nifty Future had not closed below 3 DEMA ,Forget Breaking 7 DEMA !
7332 & 7260 will act as Support levels.
Yes :Buy July 8000 Call ……………Now at 29-30.Two Days back it was 40 ,Then it Crashed to 27 & Again on Friday it zoomed passed 40+
Yes ,Total Risk 30-40 only.(This much fluctuation u see everyday in NF )
More Details ,Intraday levels to our Subscribers ,Updated at 7:09/26th May/Baroda/India