Stock strategy today
At today's state, we are going after stocks which are doing a breakout following a volatility contraction after the recent fall.
We are entering using a swing trading strategy. Expecting to exit when the technicals turn, or when the stop lossed hit
Nifty has broken out of a channel, which more resembles a flag formation.
Small Cap, Mid Cap and Large cap, and Bank Nifty are all having similar structures, although Bank Nifty is the most aggressive.
So this is a stock picking market, and not a general pick everything, it will work
FMCG, Auto, Bank, and Realty have been showing strong gains. Metals, IT and Pharma are down.
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About Me
- Clinton Rozario
- Hybrid specimen. Likes mixing abstract concepts into a heady cocktail. Likes mixing people together to see what they can do. Also, PC whisperer, Virus Terminator, entrepreneur in a couple of years, "nice guy", INTJ more...
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