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What are buy indicators?

Discussion in 'Fundamental Analysis' started by bhavesh393, Mar 10, 2022.

  1. bhavesh393

    bhavesh393 Member

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    Hi Shabbir,

    Stock are continues falling, and suddenly start upward.
    how can we check that's the buy signal, for long term investment.
    i.e. iol chemicals and pharmaceuticals

    Thanks.
     
    bhavesh393, Mar 10, 2022
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  2. shabbir

    shabbir Administrator Staff Member

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    Technically:

    The patterns that I follow are when support is being formed or is respected. Best for me is W pattern followed by rectangular consolidation. You can check in my book both of them.

    Fundamentally:

    I accumulate more as they fall 10% from my buying price and I add more for each 5% fall for stocks I want to accumulate more. I did the same for Tata Cons, Go Fashion, Clean Sc. etc.
     
    shabbir, Mar 11, 2022
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