@punitbansal14 Nice VCP set up, tight build-up near resistance giving hope for another big rally. My short term target is 920. We can see #ingrevia in 4 digit candidate shortly.

#Pocketpivot and it's characteristics:-

pocket pivot,” or “buying in the pocket,” is an early base
breakout indicator, which is designed to find buyable pivot points within a stock’s base shortly before the stock actually breaks out of its chart base-
Detailed Thread🧵

or consolidation and emerges into new high price ground.
Institutional investors do not like to buy breakouts to new highs. In fact, they generally prefer to buy stocks off of their lows, and sometimes the lower the better.

Of course, if we think about this for just one second we realize that it is the institutions that create the bottoms of chart bases, including the volume/accumulation clues along the lows of a constructive base formation. If investors had bought the breakout to new highs,

the sharp pullback below the 10-day moving average might have caused them to be shaken out of their position.However, buying on the pocket pivot buy
point before the stock rose would have given investors buying the stock at good point.

A pocket pivot points generally occurs within the stocks chart base, before the standard new-high breakout buy point appears. Pocket pivots can also appear as continuation buy point as stock move higher after launching out of a chart base or consolidation.

#BDL
This is how new sector/stock emerges in a bear market. Even though the smallcap/midcap stocks beaten down hardly, still it held up 21 EMA nicely. Whenever the stock tested 21EMA it rebound like the action of the spring.

Not a buy recommendation.

#Pocketpivot and it's characteristics:-

pocket pivot,” or “buying in the pocket,” is an early base
breakout indicator, which is designed to find buyable pivot points within a stock’s base shortly before the stock actually breaks out of its chart base-
Detailed Thread🧵 1/11

or consolidation and emerges into new high price ground.
Institutional investors do not like to buy breakouts to new highs. In fact, they generally prefer to buy stocks off of their lows, and sometimes the lower the better. 2/11

Of course, if we think about this for just one second we realize that it is the institutions that create the bottoms of chart bases, including the volume/accumulation clues along the lows of a constructive base formation. If investors had bought the breakout to new highs, 3/11

the sharp pullback below the 10-day moving average might have caused them to be shaken out of their position.However, buying on the pocket pivot buy
point before the stock rose would have given investors buying the stock at good point. 4/11

A pocket pivot points generally occurs within the stocks chart base, before the standard new-high breakout buy point appears. Pocket pivots can also appear as continuation buy point as stock move higher after launching out of a chart base or consolidation. 5/11

Pullbacks buying strategy after a breakout with example

• 1st pullback is a great buy.
• 2nd pullback is still fine
• 3rd pullback should be avoided.
• 4th pullback never buy it.
#Tradingtips
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Breakout Soon Candidates!

1- Precision Camsh
2- Jubilant Ingrevia
3- Bajaj Finance
4- S Chand & Co

Keep on Radar.
Good Looking stocks!
#stocktowatch #stockpicks

#JUBLINGREA

Jubilant Ingrevia has broken Channel and RSI support for the first time since listing

In the absence of any immediate short term triggers, a sideways to down move is more likely than further upmoves.

FAQ's

Q. Am I selling?
A. No, I do not sell long term stocks

Q. Am I buying?
A. No, I am not

Q. When will I buy?
A. I don't know

Q. What is my Stop Loss?
A. I don't have any

Q. What is my Avg price?
A. Less than 350

Q. How to handle volatility?
A. I live for it