KISS
Had shared simple trendline strategy here - https://in.tradingview.com/chart/COLPAL/Hvsasajk-KISS-More-than-120-return-COLPAL/-
Lets check if LemonTree satisfies it or not -
1. Filter -
a. Stock price less than 5000 - True.
b. Should be liquid(good volume) - Weekly
volume in millions, True.
2. Time frame - Weekly
3. Find trend of the stock - Up Trend.
4. Check if its following a trendline. Should be at least an year long- Following this trendline since march 2023.
5. Check market sentiment - Check trend of Nifty.
Nifty in Up Trend.
6. BUY - on test of trendline - Buy near 140.
So, Lemontree has satisfied our strategy and has given buy near 140.
Had shared simple trendline strategy here - https://in.tradingview.com/chart/COLPAL/Hvsasajk-KISS-More-than-120-return-COLPAL/-
Lets check if LemonTree satisfies it or not -
1. Filter -
a. Stock price less than 5000 - True.
b. Should be liquid(good volume) - Weekly
volume in millions, True.
2. Time frame - Weekly
3. Find trend of the stock - Up Trend.
4. Check if its following a trendline. Should be at least an year long- Following this trendline since march 2023.
5. Check market sentiment - Check trend of Nifty.
Nifty in Up Trend.
6. BUY - on test of trendline - Buy near 140.
So, Lemontree has satisfied our strategy and has given buy near 140.
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