Magic of IPO Listing High/Base Break-Out
Reasons for BO:
1. Entry of Fund House
2. Delivered as mentioned by Mgmt.
3. New favouring Govt Policies.
4. Need of hours of the product.
Types of IPO BO Candidate. Three kinds:
#IPO_Candidate_1 - Premium Listing followed by 15-45% corrections. 2-4x Potential after listing high BO, Time-frame – 1yr. e.g. #INDIAMART #HAPPSTMNDS #MTARTECH #POLYCAB #ANURAS #AFFLE
#IPO_Candidate_2 - Premium Listing followed by Highs in next few weeks thereafter making a base. 2-3x Potential after BO above listing price is broken, Time-frame – 1yr. #LXCHEM #LODHA
#IPO_Candidate_3 - Correction on Listing. Infosys is an example – research ongoing. I will update later.
Potential #IPO_BO_Candidate on My Radar as per the types of candidates are shared below as test cases. I will keep updating this thread as an when an IPO BO Candidate is ready.
#IPO_Candidate_1
#ROLEXRINGS – Corrected 19% from Listing, consolidated on low volumes over 4 months. BO done above listing high 1263 with volume spike. Retest possible, Entered with test quantity, position size will be increased based on price rise.
#IPO_Candidate_2
#RATEGAIN – Consolidating in a range from 373 to 386, over three weeks on low volume, breakout of the base with volume is awaited. Entered with test quantity.
#RATEGAIN – 8% up
#IPO_Candidate_2
#PARAS #PARASdef
Forming a base around 698 and 775, above 792, it will show its magic. Entered at 721 and accumulating as a test case for this IPO Candidate 2.
#RATEGAIN – 10% up
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