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How to filter breakout stocks that have higher chances of giving upper circuits or big moves??

A thread❣️
1 - The bigger the consolidation, The bigger will be the move..

Look for stocks that are going to break out a bigger consolidation range..
atleast 52 Weeks

Example - Force Motors
2- There are some stocks that move better after giving a breakout and some are which just decline on every resistance like ITC ,

In chart , You have to see the stock behaviour and the immediate resistance..

Example - In GNA, we were facing resistance at 420 and 580
Read 9 tweets
#CaseStudies #IPOBase #Shankara

As mentioned, here is my next study on #IPOBases on Shankara Building Products. The public offer for Shankara opened on 22nd March, 2017 & closed on 24th March, 2017. It saw good response in public offer, got subscribed 41.88 times and got (1/n)
listed at 18% premium on 5th April, 2017.

Post listing what the stock made, we can call it a model IPO Base. It just can't be any better. The stock rose for 5 days post listing, signifying good demand before forming its left side high of the base. For 2 weeks we saw a (2/n)
little pullback, after which the stock starts carving its bottom. Continuous 6 weeks tight closing, something which can't be more constructive for an IPO base.

Lets see this in daily. There are 3 entries available here - 2 as cheat & one at standard breakout level. (3/n)
Read 20 tweets

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