Thanks for checking.
As far as Intellect is concerened – we are trying to bottom fish .
Now bottom-fishing goes beyond the scope of Stage Analysis because in stage-alaysis one should pick those stocks only where they’re traing above 40 WMA and are closing above trading-ranges. Sometimes that becomes too late.
In those cases, where we’re fundamentally convinced , we try addtional indicators and studies ;
a) EW – here one can calcualte the extent of correction ( again it is a bout probability )
b) RSI divergences
c) MACD cycles
If you go through the above post, you would realise that we mentioned all of these factors in the same.
Same thing we’re trying in Kopran- CMP 130 as of now
Weekly Chart
Other day we realised that
a) Daily RSI had gone near 20 – an oversold zone.
b) Divergence on weekly RSI
c) A 70.7 % correction done in wave 3
d) Daily MACD turned into buy.
So we took a small postion becuase if 5th wave is really starting , it can become multibagger from here , hence no hurries to buy all at once. We would keep adding as soon as more confirmations come. But at the same time , we would be ready to exit from our small postion if it reverses back and again starts showing the bearish signs.
Hope it is helpful.
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