Learning to catch High Probability Breakouts

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amitrandive

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AshokLey

Daily Chart of AshokLey


Weekly Trendlines/Support/Resistance=Blue Colour
Daily Trendlines/Support/Resistance=Yellow Colour


Normally I do not track penny stocks ,but this one caught my eye.

Ashok Leyland again could have been easily tracked by following 52 Week high.
First it broke 52 Week high on 11/4/2014 at Rs 25.25.From then it has been a continuous uptrend till now.
 

amitrandive

Well-Known Member
i Hold castextech another name Is Amtekindia
daily 5% down circuit ... so bad is it?:annoyed:
Penny stocks are always dangerous.Continuously this stock has been in an uptrend from Rs 43 rs in March 2015 to April in an erratic fashion.On some days there were only buyers and and now since 4 days there are only sellers.

Typical manipulated stock.

That is why we should choose stocks with care,check out the pathetic fundamentals of the stock.

Absolutely nothing to be proud of from June 2009,still the stock continues the uptrend???




 
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