Discover and read the best of Twitter Threads about #TataElxsi
Most recents (24)
LOG vs LINEAR Charts - A Primer!🎯
✅ Why use LOG charts?
✅ What's the difference?
✅ When to use what?
All explained for you in just 2 mins...
Ready to learn?
Let's go🧵...
✅ Why use LOG charts?
✅ What's the difference?
✅ When to use what?
All explained for you in just 2 mins...
Ready to learn?
Let's go🧵...
1⃣ Wait, What's Log chart?
Before I define Log chart, let's look at the chart you are using daily - 'The Linear Chart'
- Linear chart is used by default in most platforms. This is probably why you never knew log charts
Wait, don't click on 'log' yet before you understand it...
Before I define Log chart, let's look at the chart you are using daily - 'The Linear Chart'
- Linear chart is used by default in most platforms. This is probably why you never knew log charts
Wait, don't click on 'log' yet before you understand it...
2⃣ ok, so what does Linear chart mean?
Take a look at the image - The y-axis is separated equally by 1000 points starting from 0 to 11000.
- So, any linear chart would have its y-axis equally separated by 'N' points always.
And... that's where the problem lies...
Take a look at the image - The y-axis is separated equally by 1000 points starting from 0 to 11000.
- So, any linear chart would have its y-axis equally separated by 'N' points always.
And... that's where the problem lies...
Over the last 12 months, I scanned total of 600 charts daily, studied leaders of past bull run and how they behaved.
I came up with 35 principles that might help you shape your trading forever : @chartians
I came up with 35 principles that might help you shape your trading forever : @chartians
Firstly before reading the thread, i know markets have been tough to everyone and you might be doubting you ability to trade.
Keep your chips ready for some more time, markets will improve and there will be green days ahead !
Keep your chips ready for some more time, markets will improve and there will be green days ahead !
1/
The amount of time you spend in the market trading/investing will always give you more insights than reading 100s of books
2/
If you treat markets as a sole income generator, your chances of underperformance due to compulsion of income generation will always be higher !
The amount of time you spend in the market trading/investing will always give you more insights than reading 100s of books
2/
If you treat markets as a sole income generator, your chances of underperformance due to compulsion of income generation will always be higher !
What is Stage Analysis ?
How does it help to filter stocks ?
A thread 🧵
#stocks #stageanalysis
1/n
👇
How does it help to filter stocks ?
A thread 🧵
#stocks #stageanalysis
1/n
👇
There are four main stages in stage analysis: accumulation, Advance, distribution, and Decline. Each stage is characterized by a specific psychology behind the stock's price movements.
2/n
2/n
Key Components Of Stage Analysis
--->Weekly Stock Chart
--->30-Week Moving Average
--->Volume
--->Market Indices(#Nifty #smallcap100)
3/n
--->Weekly Stock Chart
--->30-Week Moving Average
--->Volume
--->Market Indices(#Nifty #smallcap100)
3/n
LOG vs LINEAR Charting!
This is the most important thing especially if you are analysing long term charts!🧐
So, let's get this right today!
Let’s go🧵...
This is the most important thing especially if you are analysing long term charts!🧐
So, let's get this right today!
Let’s go🧵...
1⃣ Wait, What's Log chart?
Before I define Log chart, let's look at the chart you are using daily - 'The Linear Chart'
- Linear chart is used by default in most platforms. This is probably why you never knew log charts
Wait, don't click on 'log' yet before you understand it...
Before I define Log chart, let's look at the chart you are using daily - 'The Linear Chart'
- Linear chart is used by default in most platforms. This is probably why you never knew log charts
Wait, don't click on 'log' yet before you understand it...
2⃣ ok, so what does Linear chart mean?
Take a look at the image
- The y-axis is separated equally by 1000 points starting from 0 to 11000.
- So, any linear chart would have its y-axis equally separated by 'N' points always
And... that's where the problem lies...
Take a look at the image
- The y-axis is separated equally by 1000 points starting from 0 to 11000.
- So, any linear chart would have its y-axis equally separated by 'N' points always
And... that's where the problem lies...
#LTTS🌏 revenues has grown at a CAGR of 10.9% in the last five years whereas #TataElxsi revenues has grown at a CAGR of 8.1% during the same period. Increased demand for digitisation has been driving #LTTS🌍 revenue growth.
#TataElxsi and #LTTS🌍 are among the niche leading engineering, research and development (ER&D) services providers in the world.
Both are fighting to grab maximum market share.
Both are fighting to grab maximum market share.
Outsourced ER&D penetration in most of 🌍LTTS’s verticals is still in the low to mid-teens, implying significant scope for an increase in outsourcing.
Mega thread on Technical Stage Analysis and my learnings based on Stan Weinstein's book.
Today we'll cover
1. Stage Analysis
2. Technical Rules for Buy and Sell
3. Safest Point of Entry and Exit
4. Study 10 🇮🇳 Stock Charts (Large/Mid/Smallcap)
1/n
Today we'll cover
1. Stage Analysis
2. Technical Rules for Buy and Sell
3. Safest Point of Entry and Exit
4. Study 10 🇮🇳 Stock Charts (Large/Mid/Smallcap)
1/n
1. Stage Analysis
As per Stan Weinstein, each stock can be classified into 1 of 4 different stages.
Stage 1 - Basing Area
Stock trades in a range around 30W SMA over a long period of time with low volume. Both buyers & sellers move in equilibrium.
Example: #MusicBroadcast
2/n
As per Stan Weinstein, each stock can be classified into 1 of 4 different stages.
Stage 1 - Basing Area
Stock trades in a range around 30W SMA over a long period of time with low volume. Both buyers & sellers move in equilibrium.
Example: #MusicBroadcast
2/n
1. Stage Analysis
Stage 2 - Advancing Phase
This phase is characterized by a sharp spike in volumes, breaking out of key resistance and sharply rising stock price over a period of time (many months or years) without breaking the key moving average.
Example: #FineOrganics
3/n
Stage 2 - Advancing Phase
This phase is characterized by a sharp spike in volumes, breaking out of key resistance and sharply rising stock price over a period of time (many months or years) without breaking the key moving average.
Example: #FineOrganics
3/n
#TataElxsi entering 2nd half of FY23 with strong order book,healthy deal pipeline across key markets n industry, n customer confidence in d work they do
Importantly,Co is investing in both capacity n capability 2 strengthen their ability 2 win,manage n grow customers n business
Importantly,Co is investing in both capacity n capability 2 strengthen their ability 2 win,manage n grow customers n business
#TataElxsi seeing good traction in
automotive business led by EV and ADAS capabilities.
Media and Communication business did witness some deferment of platform deals and some large service deals. But Co is well positioned to win these in the coming quarters.
automotive business led by EV and ADAS capabilities.
Media and Communication business did witness some deferment of platform deals and some large service deals. But Co is well positioned to win these in the coming quarters.
#TataElxsi hv a net addition of 1532 employees which is d highest no. being ever added in a quarter
And to support that, Co hv also expanded their facilities in existing locations n added new
locations to diversify their talent base.
Cont'd.....
And to support that, Co hv also expanded their facilities in existing locations n added new
locations to diversify their talent base.
Cont'd.....
Tata Elxsi is down by 14% in 2 days 🥵
Even though the profits are 40% up YoY🫣
All this just because of ~6% drop in QoQ profits❓🤯
What to do❓ Read on👇 #TataElxsi
Even though the profits are 40% up YoY🫣
All this just because of ~6% drop in QoQ profits❓🤯
What to do❓ Read on👇 #TataElxsi
A. Financial performance
While revenue grew by 5.1% QoQ,
EBITDA dipped by 4.6%, PAT by 5.6%
And EBITDA Margins by over 3.1%
Mgmt has not re-assured about revival of margins yet
While revenue grew by 5.1% QoQ,
EBITDA dipped by 4.6%, PAT by 5.6%
And EBITDA Margins by over 3.1%
Mgmt has not re-assured about revival of margins yet
B. Is the fall justified?
There is hardly any dip in momentum of revenue growth
Margins and thus, profitability has dipped
But the consistent high margins over the last 2 years were the reason why market gave Elxsi a P/E of over 100 once
Now it is down to 66.2
There is hardly any dip in momentum of revenue growth
Margins and thus, profitability has dipped
But the consistent high margins over the last 2 years were the reason why market gave Elxsi a P/E of over 100 once
Now it is down to 66.2
📊MAJOR IT STOCKS AND HIGH LEVEL DETAILS
A Thread 🧵
A Thread 🧵
📊TATA CONSULTANCY (#TCS)
💥Fundamentals: very good
💥Valuation: Expensive
💥Q1 FY23 result:
🏷Net Sales up 4.28% QoQ, Up 16.18% YoY
🏷Net profit down 4.51% QoQ, Up 5.22% YoY
💥Attrition Rate: 19.7%
💥Technicals: Slightly Bearish.
💥Below 50 day, 200 day moving average
💥Fundamentals: very good
💥Valuation: Expensive
💥Q1 FY23 result:
🏷Net Sales up 4.28% QoQ, Up 16.18% YoY
🏷Net profit down 4.51% QoQ, Up 5.22% YoY
💥Attrition Rate: 19.7%
💥Technicals: Slightly Bearish.
💥Below 50 day, 200 day moving average
📊INFOSYS LTD (#INFOSYS)
💥Fundamentals: very good
💥Valuation: Expensive
💥Q1 FY23 result:
🏷Net Sales up 6.8% QoQ, Up 23.57% YoY
🏷Net profit down 5.73% QoQ, Up 3.18% YoY
💥Attrition Rate: 28.4%
💥Technicals: Slightly Bearish.
💥Below 50 day, 200 day moving average
💥Fundamentals: very good
💥Valuation: Expensive
💥Q1 FY23 result:
🏷Net Sales up 6.8% QoQ, Up 23.57% YoY
🏷Net profit down 5.73% QoQ, Up 3.18% YoY
💥Attrition Rate: 28.4%
💥Technicals: Slightly Bearish.
💥Below 50 day, 200 day moving average
Even the biggest handles with 100k+ followers get this simple thing wrong in charting!🤦♂️
This is the most important thing especially if you are analysing long term charts!🧐
So, let's get this right today!
USE LOG CHARTS 📈 FOR ANALYSING LONG TERM CHARTS!
Let’s go🧵...
This is the most important thing especially if you are analysing long term charts!🧐
So, let's get this right today!
USE LOG CHARTS 📈 FOR ANALYSING LONG TERM CHARTS!
Let’s go🧵...
1⃣ Wait, What's Log chart?
Before I define Log chart, let's look at the chart you are using daily - 'The Linear Chart'
- Linear chart is used by default in most platforms. This is probably why you never knew log charts
Wait, don't click on 'log' yet before you understand it...
Before I define Log chart, let's look at the chart you are using daily - 'The Linear Chart'
- Linear chart is used by default in most platforms. This is probably why you never knew log charts
Wait, don't click on 'log' yet before you understand it...
2⃣ ok, so what does Linear chart mean?
Take a look at the image
- The y-axis is separated equally by 1000 points starting from 0 to 11000.
- So, any linear chart would have its y-axis equally separated by 'N' points always
And... that's where the problem lies...
Take a look at the image
- The y-axis is separated equally by 1000 points starting from 0 to 11000.
- So, any linear chart would have its y-axis equally separated by 'N' points always
And... that's where the problem lies...
I’ve went from knowing nothing about Trading to currently mentoring 400+ people!
30,000+ hours of experience summed up in 30 lessons.
A thread🧵
30,000+ hours of experience summed up in 30 lessons.
A thread🧵
1/
The amount of time you spend in the market trading/investing will always give you more insights than reading 100s of books
The amount of time you spend in the market trading/investing will always give you more insights than reading 100s of books
2/
If you treat markets as a sole income generator, your chances of underperformance due to compulsion of income generation will always be higher !
If you treat markets as a sole income generator, your chances of underperformance due to compulsion of income generation will always be higher !
#TataElxsi is a niche player in design n technology services.
#TataElxsi provides cutting-edge solutions for driverless cars, connected vehicles and more and that these designs are assisting customers in reimagining products and services.
#TataElxsi provides cutting-edge solutions for driverless cars, connected vehicles and more and that these designs are assisting customers in reimagining products and services.
In comparison to its competitors, #TataElxsi business model is unique.
Until market improves, this stock could return another 15-20% over the next 8-10 months.
#TataElxsi would be expensive in terms of valuation, but given d global recession fears, it hardly saw any correction
Until market improves, this stock could return another 15-20% over the next 8-10 months.
#TataElxsi would be expensive in terms of valuation, but given d global recession fears, it hardly saw any correction
#TataElxsi proving Growth investing is not dead, not yet.
The way #TataElxsi today has moved it seems like it is getting ready for some bonus or split. Let's see!
The way #TataElxsi today has moved it seems like it is getting ready for some bonus or split. Let's see!
These 29 principles of trading are no less than a holy grail !
A thread 🧵 :
Idea credits / @NickSchmidt_
A thread 🧵 :
Idea credits / @NickSchmidt_
1/
The amount of time you spend in the market trading/investing will always give you more insights than reading 100s of books
The amount of time you spend in the market trading/investing will always give you more insights than reading 100s of books
2/
If you treat markets as a sole income generator, your chances of underperformance due to compulsion of income generation will always be higher !
If you treat markets as a sole income generator, your chances of underperformance due to compulsion of income generation will always be higher !
1. The Double Bottom:
A trend reversal pattern.
Two lows of similar levels are formed.
ENTRY:
BO of the Neckline shows trend reversal by forming a Higher swing high which is also the entry point.
SL: LOD or swing low at a lower TF
TARGET:
Height of the NL to B1
Eg: #GRANULES
A trend reversal pattern.
Two lows of similar levels are formed.
ENTRY:
BO of the Neckline shows trend reversal by forming a Higher swing high which is also the entry point.
SL: LOD or swing low at a lower TF
TARGET:
Height of the NL to B1
Eg: #GRANULES
2. The Volatility contraction pattern, VCP by Mark Minervini
After a prior uptrend, a stock digests its gains, and profit taking happens. It then bases and gets ready for the next uptrend. VCP is a characteristic of a constructive base. It has the following characteristics:
1/n
After a prior uptrend, a stock digests its gains, and profit taking happens. It then bases and gets ready for the next uptrend. VCP is a characteristic of a constructive base. It has the following characteristics:
1/n
#Tata Technologies: 1/n
New IPO planned by #Tata Group after 18 years. Let`s analyze it together through this thread 🧵
Paid up equity: 41.8 Cr (FV 10) as of Mar 31, 22
0.112 Cr shares were bought back at 1982/sh in Apr, 2022
Paid up Equity: 4.05 Cr Share (after buy back)
1/n
New IPO planned by #Tata Group after 18 years. Let`s analyze it together through this thread 🧵
Paid up equity: 41.8 Cr (FV 10) as of Mar 31, 22
0.112 Cr shares were bought back at 1982/sh in Apr, 2022
Paid up Equity: 4.05 Cr Share (after buy back)
1/n
#Tata Technology: 2/n
Marketcap at last buyback price: 8,039 Cr
FY22 performance YOY
#ROE 19.2% vs 11.2%
#ROCE 22 2% vs 12.2%
Sales: 3529 Cr (⬆️48%)
Net Profit: 436 Cr (⬆️83%)
EBITDA: 645 Cr (⬆️68%)
EBIT: 560 Cr (⬆️91%)
EBITDA Margin: 18.3% vs 16 2%
2/n
Marketcap at last buyback price: 8,039 Cr
FY22 performance YOY
#ROE 19.2% vs 11.2%
#ROCE 22 2% vs 12.2%
Sales: 3529 Cr (⬆️48%)
Net Profit: 436 Cr (⬆️83%)
EBITDA: 645 Cr (⬆️68%)
EBIT: 560 Cr (⬆️91%)
EBITDA Margin: 18.3% vs 16 2%
2/n
#Tata Technology: 3/n
EBIT Margin: 15.9% vs 12.3%
Net Profit Margin: 12.4% vs 10.1%
Total Equity: 2280 Cr (⬆️6%)
Total Assets: 4218 Cr (⬆️18%)
Asset Turnover Ratio: 0.84 vs 0.67✅
Current Ratio: 1.76 vs 2.02 (poor compared to last year)
Now let us see, what they do:
EBIT Margin: 15.9% vs 12.3%
Net Profit Margin: 12.4% vs 10.1%
Total Equity: 2280 Cr (⬆️6%)
Total Assets: 4218 Cr (⬆️18%)
Asset Turnover Ratio: 0.84 vs 0.67✅
Current Ratio: 1.76 vs 2.02 (poor compared to last year)
Now let us see, what they do:
If ever leave Twitter, will be proud of 2 things
1. Contribution during covid in apr'21
2. Continuous rant on overvaluation amplified from Oct'21
Here is master thread on each of those rants. Rarely asked but show some love if it made any +ve difference to your investing. journey
1. Contribution during covid in apr'21
2. Continuous rant on overvaluation amplified from Oct'21
Here is master thread on each of those rants. Rarely asked but show some love if it made any +ve difference to your investing. journey
#TataElxsi is now on the way to become TCS of ER&D stocks as last 7 quarters Co hv been consistently growing sequentially.
Compared to the last financial yearr, Co is starting with a much healthier order book this financial year.
Compared to the last financial yearr, Co is starting with a much healthier order book this financial year.
Last quarter’s attrition no's were better than the overall industry.
Attrition has been a reality
for the last 30 years since Co's have been in existence. It has peaked at certain times, and it has dropped at certain times.
Attrition has been a reality
for the last 30 years since Co's have been in existence. It has peaked at certain times, and it has dropped at certain times.
Fixed price project which is 54% of the total delivery is helping Co in terms of the bottom line as they are
able to execute and perfectly deliver those projects on time. It is also helping Co in terms of
realizing better rates.
able to execute and perfectly deliver those projects on time. It is also helping Co in terms of
realizing better rates.
Fiem Industries Limited💡
Should you invest in this EV stock?
Here’s our analysis of Fiem Industries, the drivers, risks, positioning and more!⤵️
#StockMarketindia #StocksToBuy #TATAELXSI
Should you invest in this EV stock?
Here’s our analysis of Fiem Industries, the drivers, risks, positioning and more!⤵️
#StockMarketindia #StocksToBuy #TATAELXSI
EV is currently the hottest sector for investors to bet on, but with the ever-changing technology & rapid developments by companies, it is quite difficult to predict who is going to win the race.
We have a winner.
We have a winner.
A company that is immune to these disruptions & will benefit from EVs.
Do you know it?
Do you know it?
📊TATA ELXSI LIMITED (#TATAELXSI)
🏷Market Cap: 52,550 Cr
🏷One of the World’s leading provider of design and technology services across industries including Automotive, Broadcast & communications and Healthcare
💥Business Analysis
A Thread 🧵
🏷Market Cap: 52,550 Cr
🏷One of the World’s leading provider of design and technology services across industries including Automotive, Broadcast & communications and Healthcare
💥Business Analysis
A Thread 🧵
🌁BUSINESS
🏷Part of prestigious TATA Group
🏷Established in 1989, A forward looking IT business
🏷Company earns revenue primarily from providing information technology, engineering design, systems integration & support services, sale of licenses and maintenance of equipment
🏷Part of prestigious TATA Group
🏷Established in 1989, A forward looking IT business
🏷Company earns revenue primarily from providing information technology, engineering design, systems integration & support services, sale of licenses and maintenance of equipment
🌁The company operates in 2 segments
1. Software Development & Services
It is further sub divided into EPD and IDV.
🏷Embedded Product Design (EPD)
🏷Industrial Design & Visualisation (IDV) division
2. System Integration & Support (SIS)
1. Software Development & Services
It is further sub divided into EPD and IDV.
🏷Embedded Product Design (EPD)
🏷Industrial Design & Visualisation (IDV) division
2. System Integration & Support (SIS)
A small multi time frame system to identify stronger stocks based on RSI/SuperTrend/EMA
@Definedge
Conditions:
a) RSI > 55 < 70 in daily
b) RSI > 60 in weekly/monthly
c) Candle close above SuperTrend(10,3)
d) Candle close above 200EMA in daily and 34EMA in weekly/monthly
+
@Definedge
Conditions:
a) RSI > 55 < 70 in daily
b) RSI > 60 in weekly/monthly
c) Candle close above SuperTrend(10,3)
d) Candle close above 200EMA in daily and 34EMA in weekly/monthly
+
I have published these scanners in TradePoint Web of @Definedge. These scanners can also be developed in TradePoint Desktop.
1) Run these scanners on Multi Time Frame Scanners
+
1) Run these scanners on Multi Time Frame Scanners
+
Save the qualified candidates (score above 2) to a group for doing further analysis.
+3
+3
Time to switch from FMCG to IT.. My bet is on #INFY
Around year back we discussed that “IT is new FMCG” and market actually recognized this and lot of IT companies trading at 50-60x. I feel one needs to be selective in IT. Not every ER&D is #TataElxsi.
Around year back we discussed that “IT is new FMCG” and market actually recognized this and lot of IT companies trading at 50-60x. I feel one needs to be selective in IT. Not every ER&D is #TataElxsi.
#TataElxsi has its own quality. That’s where I called it CRADS (Contract Research and Development Services).
Cloud, Digital, Blockchain, AR/VR, Robotics, 3D Printing, IoT, AI, ML, Meta…complete transformation of how businesses work and consumers react. Mammoth opportunity
Cloud, Digital, Blockchain, AR/VR, Robotics, 3D Printing, IoT, AI, ML, Meta…complete transformation of how businesses work and consumers react. Mammoth opportunity
waiting in IT. It’s time to switch FMCG into IT. With flourishing e-com and online marketplace, value of distribution franchise is waning for FMCG. New brands are able to create market share with digital marketing and sales channel. Higher Ad spends, product development cost and
#Tataelxsi Q3 2022 Concall Highlights
Like & Retweet For better reach !!
Numbers -
1. In Q3 the revenue was a ₹635.4 Cr up by 6.7% QoQ and 33.2% YoY
2. The PBT is up by 17.1% QoQ and 36.9% YoY stood at ₹203 Cr
3. The net profit was ₹151 cr up by 20.4% QoQ and 43.5% YoY
Like & Retweet For better reach !!
Numbers -
1. In Q3 the revenue was a ₹635.4 Cr up by 6.7% QoQ and 33.2% YoY
2. The PBT is up by 17.1% QoQ and 36.9% YoY stood at ₹203 Cr
3. The net profit was ₹151 cr up by 20.4% QoQ and 43.5% YoY
4. Embedded Product Design (EPD) grew by 9.6% QoQ and 35.4% YoY
5. Transportation business grew by 9.7% QoQ and 30.9% YoY
Business Updates-
1. In Q2, 500 freshers engineers were added and 150 fresh engineers were hired in Q3.
5. Transportation business grew by 9.7% QoQ and 30.9% YoY
Business Updates-
1. In Q2, 500 freshers engineers were added and 150 fresh engineers were hired in Q3.
Company plans to hire more freshers in the coming 3 quarters.
2. The company is looking for multi-year deals with better margins to improve the quality of the earnings and also to provide more value to the customers.
2. The company is looking for multi-year deals with better margins to improve the quality of the earnings and also to provide more value to the customers.
“Last Diwali to this Diwali: Summary of Momentum Investments/ Trades taken (#MostlyMomentum)!!”:
Introduction of my journey so far:
I started my #StockMarket journey Jul- 2016:
•During 2016-17, as a typical new investor, started with TV Tips, and IPOs,
Introduction of my journey so far:
I started my #StockMarket journey Jul- 2016:
•During 2016-17, as a typical new investor, started with TV Tips, and IPOs,
this (IPOs) helped in a way, best #DMART has still been the best of IPOs I applied for, got allotment, and kept for couple of months and captured fastest 282% of my #StockMarket journey.
• During 2017-18, decided not to go after TV Tips,
• During 2017-18, decided not to go after TV Tips,
and started doing something on my own including a little Option “BUYING” 12, lost some funds in Option Buying, but gained a lot of experience regarding not to so something you don’t know. Alongside this, also started exploring cash market strategies of buying what is going up and
A MEGA THREAD ON 📕
RETEST TRADING !
DO EVERY STOCK RETEST AFTER BREAKOUT ?WHEN TO TAKE AN ENTRY ?
WHICH IS BETTER ?
RETWEET AND LIKE ❤
@kuttrapali26
@rohanshah619
@Mr_Chartist @AmitabhJha3
RETEST TRADING !
DO EVERY STOCK RETEST AFTER BREAKOUT ?WHEN TO TAKE AN ENTRY ?
WHICH IS BETTER ?
RETWEET AND LIKE ❤
@kuttrapali26
@rohanshah619
@Mr_Chartist @AmitabhJha3
2/
What is RETEST ?
When a stock Breaks out of a range that is called a breakout point .
The resistance that it was facing should now act as support .
Retest means after the Resistance is broken the stock comes back to take support in that region
What is RETEST ?
When a stock Breaks out of a range that is called a breakout point .
The resistance that it was facing should now act as support .
Retest means after the Resistance is broken the stock comes back to take support in that region
3/
MAJORITY of time stock comes back to test the previous breakout region .
I have seen that 90% of The breakouts gets tested again !
And most REWARDING EXPERIENCE for me is during Retests only
MAJORITY of time stock comes back to test the previous breakout region .
I have seen that 90% of The breakouts gets tested again !
And most REWARDING EXPERIENCE for me is during Retests only
