On Monday 23rd
December we did a short-term trade and bought Ashok Leyland @ 16.05 and booked
profit @ 16.90 on Thursday 26th December 2013. Read the
following reasons to buy this stock.
Reason 1: - From past some days this stock was in a continuous down trend as shown in the below charts.
Some days back
in this down trend this stock formed a DOJI, see the below image. This DOJI was
confirmed the next day, look at the green candle after the DOJI.
Reason 2: - The
second reason is decreasing volumes and increase in volumes when DOJI was
confirmed. You can see in the below zoomed charts when the stock was in a
downtrend the volumes are decreasing and during DOJI formation the volumes are
comparatively higher than previous.
It was three
days trade and we exited with 5 percent of profit.
Below are the execution details of
the script: -
We bought it on 23rd December @ 16.05 and sold on 26th
December @ 16.90.
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So if you are interested do buy our course learn
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