Technical or fundamental?
Quite late people are more interested in quick gains based on Technical Play. They don’t give damn about company fundamentals.This strategy of entering into opportunities based on pure technical analysis is buzzing in the street because of various free technical tools and educational websites aiding enthusiastic analysts.
As a professional Trader/Investor, one has to cross-check the risk-to-reward associated in such plays and have to thoroughly understand the significance of their play over a long run towards realizing their dream of making consistent profits from Mr. Market.
While scanning stocks through various sectors, I have come across Arrow Textile providing a good opportunity for the short term. Technically, the stock is trading near a 52-Week high. It has given Bullish breakout in Daily, weekly and Monthly time frame.
Some people bet their entire stake on one opportunity when they are so confident about Technical Setup. The reason behind that might be back-testing of historical data would have shown them great gains on such setups. Irrespective of the confidence on your analysis, it’s always prudent to play with proper position sizing.
Note: Information presented in the above article is available in public domain and it should not be treated as “Research Report”
Registration Status: I am not a SEBI registered Research Analyst.
As per SEBI (RESEARCH ANALYSTS) REGULATIONS, 2014 and clarifications provided by SEBI “Any person who makes the recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations.”
Disclaimer: I do not hold any position in ARROW TEXTILE.