Have created a new Indicator: “Relative Momentum Slow / Normal /Fast”. Will be analysing the VRIDDHI strategy stocks using this indicator. VRIDDHI strategy usually holds Stocks which are exhibiting sustained Momentum.
5PAISA
Good long term structure. Not so sure in the short term, but since I’m sitting on a handsome profit, will wait.
BECTORFOOD
Multibagger stock. Long term structure intact. We have multiple supports, should be bouncing right about now. Good R/R point now.
GRAPHITE
Stock from Cyclical Sector. The Stock can fly or crash based on multiple factors much beyond technicals. But, as of now, the Relative Momentum is intact.
HERITGFOOD
The recent correction was little too much, but magically it just bounced from the support. Will keep a closer watch on this one as I didn’t like the recent Volume Action.
J_KBANK
Fantastic Structure. Looks super hot in the short term. Had 2 positions, booked profit on 1 position, as I felt these are windfall gains. Will wait till it cools off a little.
MARKSANS
Long term structure is intact. We might see a bounce. Good Risk/Reward point presently.
SONACOMS
Early stage Momentum. Like my odds in this trade. Will keep a close watch.
KEC
Great looking PE expansion. Fantastic Relative Momentum Slow / Normal / Fast. High probable bounce.
SPANDANA
Good looking structure. Short term pain might exist. Have to analyse the Sector / Industry to verify if there are any Tailwinds.
POKARNA
Early stages of Relative Momentum. My only concern is the rally in 2021 -> Stocks usually don’t rally so soon after a previous rally, but there can be an exception, so will be keeping a watch on the same.
InvestIn10 will post Relative Momentum Chart Analysis of all Strategy stocks, at least once a fortnight. Important updates are anyway communicated either through Tweets or separate blog posts.
Leave a Reply