When a stock starts a Bull market journey, it keeps surprising on the upside. It keeps giving fresh opportunities and one should always be ready to take it.
Case Study: TVS Motors
TVS Motors stock broke out in 2014 above levels of 85
Source: Chartalert.com
The breakout was very compelling and TVS Motor stock from levels of 85 rallied to 250+ levels in 2014
What stocks do after a huge rally? – They trade sideways. That’s precisely what TVS Motors stock did in 2015 and that gave birth to fresh opportunity in 2015
Source: Chartalert.com
The stock delivered a good trading bounce. Then in 2016 – TVS Motor stock started bouncing from 200 dma and it did that 3 times and took off again…no surprise.
Source: Chartalert.com
When a stock embarks on a long-term bull market journey, one should keep looking at the same stock for fresh opportunities.
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers