Reading Price Action is all about reading price moves and then investigating fundamental reasons to find out if this is for real...
The real issue...have an open mind of why something is happening
It helps you discover great ideas very early
Let me share some examples:
During last week of March, US Secretary of State Pompeo tweeted about his phone conversation with Indian Foreign Minister and reconfig of Pharma Supply Chain
It started the bull market in Pharma. I covered it as a Buy
smarketpremium.com
When Pharma/Chemical became the theme, then all you had to look out for a breakout
IOL Chemicals at 265 now at 773
Granules at 155 now at 369
Glenmark Pharma at 315 now at 493
Balaji Amines at 500 now at 873
Alembic Pharma APLL at 740 now at 943
Solara Activa at 780 now at 1003
Then the Covid crisis created Opportunity in the Diagnostic space. I talked about picking
Metropolis Healthcare 1200 now at 1935
Lalpath Labs at 1400 now at 1960
smarketpremium.com
Then I talked about a new trend:
Domestic Manufacturing for Domestic Consumption
Amber at 1050 now at 2018
Dixon at 5040 now at 9986
Polymed at 270 now at 490
This is not a hindsight analysis...every recommendation was backed with explanation when it emerged back then
smarketpremium.com
It's not about getting it right. It's about helping people with the process of reading price action.
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.