When all news is good news for a stock

2023년 4월 13일

As per the wave personality theory, the best news about a stock comes during 5th wave of some degree.

The scrip has been in news lately for various good reasons and every analyst / news channel is covering the same.

However, technically

- We may be in the 5th wave of rise from Nov 2020 lows of 22/- as marked - On weekly scale, the 5th is almost complete unless it decides to extend by way of sub-divisions
- Price is developing negative divergence with momentum indicator

What next - in our view
- Time to tighten SL.
- There is no harm in taking some profits off the table if monthly closing (although its just mid of the month and closing is still far away) is a red bar.


Let's see how this develops.

Disclaimer - These are our personal views and in no way a Buy or Sell recommendation. Any trade or investment decision if you wish to take, please do after consulting your financial advisor.