On 13th February 2014 we did a short-term trade and bought JP Power @ 14.10 and booked profit @ 14.90 on 20th February 2014. Read the following reasons to buy this stock.
Reason 1: - From past some days this stock was in a continuous down trend as shown in the below charts.
Some days back in this down trend this stock formed a DOJI, see the below image. This DOJI was confirmed the next day, look at the green candle after the DOJI.
Reason 1: - From past some days this stock was in a continuous down trend as shown in the below charts.
Reason 2: - The second reason is decreasing volumes and increase in volumes when DOJI was confirmed. You can see in the below zoomed charts when the stock was in a downtrend the volumes are decreasing and during DOJI formation the volumes are comparatively higher than previous.
It was six days trade and we exited with 5.67 percent of profit.
Below are the execution details of the script: -
We bought it on 13th February @ 14.10 and sold on 20th February @ 14.90.
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