Never argue with a mob.
The mob will beat you with its stupidity :).
Check out prithvi fy07 eps 47
fy08e eps=60+
cmp 277
Someone explain how this gels with efficient markets.
When the 'good' results came stock gapped up 298 faced res 308 all purely technical stuff.
hit upper end of channel/falling 13 week ema etc.
Now after being trashed from purely technical res levels down to purely technical support levels bulls would be wondering if the stock is still a buy.
The markets are manic depressive
In order to make abnormal profits one must figure out a way to buy low sell high
Buying high+selling higher is garbage.
If anyone out there has a trading system which can buy a mega breakout and produce risk adjusted returns superior to buy and hold nifty then do enlighten me.
System: (Tripple Screen EMA/FibChannel follower)
Stock Name: PRITHVI
Buyarea=278.62
Support1 :278.93 Support2 :278.34
Resistance1:298.70 Resistance2:311.27
ATR(14)=12.5663
Target1:281.134 Target2:291.187
Target3:298.726
SL1:276.107 SL2:266.054
Trade the long side of the stock intraday if it is mantaining above support1 and support2
Try not to mess with the mob
Enter during quiet times and exit during hectic times.
1 comment:
so true. theres this thing called mob mindset and its like everybody decides to think the same whether its what any specific person belives or not
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