Hi,
Just thought it would be a good time to see where are the IPOs of 2010 and what are the charts saying about them at the turn of the year.
The criteria for selecting the IPOs analyzed is:
- More than 4 months since listing
- Starting with the highest gainer and then moving chronologically down the order :clap:
- The analysis is usually on Weekly charts, i.e. the trend in terms of weeks. This means these charts are useful for forecasting trends for about 1-3 months timeline; or the 1st quarter of 2011.
- All are NSE Charts
- NIFTY, the market index, is the largest trend indicator. So if there is a significant change in NIFTY, the expected performance could be affected in the short term. :annoyed:
- Fundamental analysis is not included so if your horizon is > 1-3 months, then you can use these charts as an entry point. And you can let your own analysis/strategy determine your exit points.
:thumb:
Just thought it would be a good time to see where are the IPOs of 2010 and what are the charts saying about them at the turn of the year.
The criteria for selecting the IPOs analyzed is:
- More than 4 months since listing
- Starting with the highest gainer and then moving chronologically down the order :clap:
- The analysis is usually on Weekly charts, i.e. the trend in terms of weeks. This means these charts are useful for forecasting trends for about 1-3 months timeline; or the 1st quarter of 2011.
- All are NSE Charts
- NIFTY, the market index, is the largest trend indicator. So if there is a significant change in NIFTY, the expected performance could be affected in the short term. :annoyed:
- Fundamental analysis is not included so if your horizon is > 1-3 months, then you can use these charts as an entry point. And you can let your own analysis/strategy determine your exit points.
:thumb: