#HINDUNILVR

Decade old move appears to have ended here. If last cycle is any indication, then 61.8% retracement can't be ruled out. (around 600)

Market is falling out with consumer facing businesses, be it HDFC Bank (consumer finance) or HUL (Consumer goods).

More from Mayank Narula

#Bitcoin

Monthly divergence may come into play.

I said best case scenario is market dump over next few months, and it's happening now.

I won't be surprised if it takes off to new all time high after flushing out new entrants.
I did this comparison between Aarti Drugs and Tata Elxsi back in Oct when Tata Elxsi was at 1200-1300. Now it is 4200+.

Here is one more stock displaying similar characteristics: Mayur Uniquoters.


#MayurUniq

Coming out of 7 years consolidation.

Weekly and monthly RSI crossing over 70.

Can it do what Aarti Drugs and Tata Elxsi did in last 1 year?


#MayurUniq

Monthly RSI crossed over 70 in Sep'09 and stayed till Sep'11.

Stock did 5x in that time.

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I’m torn on how to approach the idea of luck. I’m the first to admit that I am one of the luckiest people on the planet. To be born into a prosperous American family in 1960 with smart parents is to start life on third base. The odds against my very existence are astronomical.


I’ve always felt that the luckiest people I know had a talent for recognizing circumstances, not of their own making, that were conducive to a favorable outcome and their ability to quickly take advantage of them.

In other words, dumb luck was just that, it required no awareness on the person’s part, whereas “smart” luck involved awareness followed by action before the circumstances changed.

So, was I “lucky” to be born when I was—nothing I had any control over—and that I came of age just as huge databases and computers were advancing to the point where I could use those tools to write “What Works on Wall Street?” Absolutely.

Was I lucky to start my stock market investments near the peak of interest rates which allowed me to spend the majority of my adult life in a falling rate environment? Yup.