No! today we are not going to tell you the story of online pharmacy SastaSundar Ventures Ltd, how and why it caught the fancy of market participants and how the stock has doubled and tripled in such a short time.
We are going to tell you the advantage of technical analysis, momentum investing and yes, how important it is to focus on volumes.
If you given enough weightage on volume, in your analysis, it can save you months of waiting which the fundamental analysts are so used to of.
Pick up your trade from cues that volumes are giving you, and double your money in the shortest possible time. We are talking in probability here, we always do. Nothing in this market is sure or given!
Enough talking! lets straightly move to the chart -
19th April 2021 we picked up SastaSundar in BullishMomentum channel at INR 131.3/- The stock was breaking out of a flat range, which it had done multiple times only to pull back and slump into painful consolidations which lasted for months.
That day we did not even wait for closing or follow up the next day. What was different this time?
- Huge volumes were building up even with smallest of price advance, This was missing in all the previous small advances which later resulted in painful consolidation.
- All momentum indicators be it RSI or MACD were giving strong buy signal
The bet worked so well for our members, as per today's closing price is 359 which is 174% returns in just 81 days.
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