It’s been a while since I have not invested in NEPSE. I have been watching individual stock charts and see if there are opportunities to enter. This is how I ended up with NICA’s candlestick chart. Impressive Candlestick Surge I saw three consecutive days of bullish (green) candlesticks on the candlestick chart of NIC Asia…
I had previously bought shares of Shiva Shree Hydropower Limited (SSHL) because of the apparent accumulation in the stock. A symmetrical triangle had formed in the stock chart with the peaks sloping downwards and the bottoms sloping upwards. Inside the triangle, the volume had been rising during upwards movement and falling during downwards pullback. The formation of…
I bought shares of Shiva Shree Hydropower Limited (SSHL) today because of apparent accumulation on the stock. A symmetrical triangle has formed in the stock chart with the peaks sloping downwards and the bottoms sloping upwards. Inside the triangle, the volume has been rising during upwards movement and falling during downwards pullback. The formation of…
I’m planning to buy Shangrila Development Bank Limited (SADBL) after it goes through a small, much-needed correction. Volume confirmation has been positive on this stock. It has also fought back the bearish spell that was cast from August to December last year. My only issue is that SADBL has gained around 50% in a steep…
I bought Gurkhas Finance Limited (GUFL) primarily because of volume accumulation and likely indication of bottomed-out conditions. The stock has enjoyed an aggressive bullish advance in the recent past. From the start of the year 2020, GUFL has gained over 700%. However, it lost around 50% from the most recent peak, which was also the…
Technical analysis does not work 100% of the time. But when it does, it may sometimes work beautifully. The stock began to gain immediately.
I have explained in this article about the reason I bought shares of Ridi Hydropower Development Company Limited (RHPC). The stock had showed signals of a ascending triangle breakout. I bought a few shares at Rs. 215 when the stock broke out of the triangle. For an ascending triangle, the vertical height of the widest…
Everybody has a price, at least in the stock market. On the 11th day, sellers began to come in. Thanks to my research, I sold near the peak.
The stock chart of Ridi Hydropower Development Company Limited (RHPC) has shown the ascending triangle pattern. The ascending triangle pattern is most likely a bullish continuation pattern, although false breakouts are possible. As seen in the candlestick chart of RHPC above, this pattern is formed by the stock being unable to breakout from the previous…