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You will often see people calculating the value which they think business should trade at. Often it is known as fair value or intrinsic value of a company. It involves a lot of elaborate models with many variables. Usually the more complex it is better people consider it. Because more complexity is taken as a …
Market has been rising for last 6-7 months relentlessly. Everybody is looking at next break out. People have almost forgotten about the sector, industry dynamics, business, how it is positioned in real life. But as we all know things rarely remain as they are. It was true in March 2020 when market was falling like …
As someone who follows price action we do not have to put a lot of efforts in identifying opportunities. Screen does that very well for us. Stocks which are making new 52 Week High or New All Time High have something very strong going on fundamentally. That is what this stock has – break out …
Pharma has been the flavour of the market moves right after the last week of March 2020. There were talks of global supply chain derisking itself from enormous risk due to unsustainable dependence on China. Indian Pharma listed space started buzzing after 5 years of clear downtrend. There were businesses which doubled the topline and …
Continue reading “Was Price Action Telling Something That We Ignored?“
We have been seeing big rally in old economy stocks such as metals, cements (remember JK Cement hitting our SL and then rallying 30%) and so on. Work from home has ensured that men who spent most of their time outside are now confined to home and have had to see the utility of home …
Price Action has become a buzz word for anyone having anything to do with market. Institutional Investors will never admit but even they use these powerful ideas to enter and exit. Otherwise how do you explain IIs buying right at some support like 50 SMA or 200 SMA? They do not admit because that will …
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By now everybody in stock market is talking about Information Technology and how they are going to be great wealth creator, there is multi year story and what not. We talked about IT first in July and later in first week of Aug, we unequivocally made it clear that it is next big trend in …
We have already looked at one turnaround opportunity and that has covered some basics of it. Turnarounds often give false signals and then go down big time. Having a tight SL policy is most important thing in all such ideas. When stock starts going up there is no limit and similarly once it starts falling …
In market, everybody keeps saying that turnarounds seldom turnaround. We can go a step further and say even in life turnarounds seldom turnaround. Turnarounds are very difficult to play because success rate in such situations is very low. Most management keep making the same mistakes again and again and that only adds to the existing …