How To Anticipate A Turning Point - AIA Engineering

Earlier, I had sent you some examples from the US market. Let us now look at an example from the Indian stock market, shall we?

AIA Engineering Limited is engaged in the manufacturing of high-chrome mill internals. The Company is engaged in manufacturing, designing, developing, installing, and servicing high chromium wear, corrosion, and abrasion-resistant castings. The fundamentals of this Company look reasonably good. But remember, the PRICE has to be good for one to buy it! Imagine this stock was already in your watchlist. You saw the price approaching a key support level at the 38.2% retracement of the entire bull cycle, which ended at its all-time high of around Rs 4950. What will you do?

There you go! For the well-prepared trader, there are opportunities everywhere. In my online program, I teach several of my techniques that you can use in the real-world environment. There are dozens of case studies where I presented how to prepare for a trade, where to place a stop, and how to manage the trade as the market developed. You are welcome to check out some examples on my YouTube channel.

Until next time, Ciao!