Introduction – February 2022 were Bearish not only over Indian Stock Market NIFTY50 but on Global Stock market also. Stock prices were moving downwards like injured bird falls from the sky. Even one can say tears of Stock market with blood.
Price Fall panic in Graphics
However, it is extremely difficult to find out potential stock which results return. It is also very difficult to find out that what should be the exact price to buy a stock so the capital grows to next upward level.
No one is interested to observe downward moving of prices.
Our consideration of stock selection goes under several secured and verified process. And the process is so hard to detect the best performing stock.
It is pertinent to mention that, section of which stock to buy at what price is not a matter of reading and learning. It needs a huge professional calculation.
Even it cannot be learned with observing video tutorials; however, it needs professional guidance.
Warning – We are not SEBI authorized Stock Analyst. Thereby, we don’t recommend anyone to go with our method. STOCK TREK will not be liable to take responsibility for their capital who are not subscriber members of this programme.
This article is for education purpose only.
About – Here we are discussing the past performance of some specific stocks. Strictly speaking, stocks which earned profit during March 2022 are being discussed here. This study extends the performance of a stock just before it is purchased.
And study also extends to the performance of the stock after it is purchased.
We will discuss here what price action patterns are being formed and parameters like trendline, support, resistance, candlestick pattern, price pattern, moving average crossover etc.
It is to be remembered here that November 2021, December 2021, January 2022, February 2022 and March 2022 are the months where Market was Bearish.
We are not interested to discuss the issues behind this bearishness. Several issues are involved for and affected in this Global scenario.
We are interested only on the Technical Analysis of stocks.
However, it is proud to declare that potential stocks perform extremely well in this period, those stocks which hits stop loss are reversed and hits Target.
Pictorial representation of stocks is taken in trading view.
JOURNEY OF NIFTY50 FROM 11/02/22 TO 01/04/22 –
NIFTY50 creates Cup & Handle price pattern in this duration. It runs from 15676 to 17670 – total 1994 points from 08/03/22 to 01/04/22 viz. only in 21 days.
In this duration it crosses 250 moving averages (MA), 200 MA and 100 MA.
From 03/03/22 to 16/03/22 it undergoes a V-shape recovery.
50 MA crossed 5MA on 24/03/22.
26MA crossed 13MA on 25/03/22.
50MA crossed 13 MA on 30/03/22.
100MA crossed 5MA on 31/03/22.
NIFTY50 falls from sky like an injured bird.
One can easily remember, 50MA crossed 200MA on BLACK DAY 18/03/2020 and the worst thing is known to all.
NIFTY50 recovers itself on 21/08/2020.
However, we can say NIFTY50 is moving from Deep Correction to Healthy Correction and is SAFE ZONE on 01/04/2022.
DIRECTION TO READ THE CHART –
Support line – Red
Resistance line – Green
Trend line – Blue
Price pattern – Black
Purchased date line – Yellow
Sale date line – Violet
1.COAL INDIA (COALINDIA) – PURCHASE DATE – 18/02/22 & DATE OF SALE – 02/03/22
COALINDIA has a support line at 139 and resistance line at 170 with the volume of transaction 23.7 M, which is huge volume.
It contains a positive Trendline from 20th December 2021. Therefore, it is worth noting that the stock is moving with a positive trendline with a swing range of 139 to 170.
This stock is purchased on 18th February 2022 considering all parameters suitable. Stoploss is also an important issue to consider before buying a stock.
On 18th Feb’22, the candlestick pattern was Bullish Engulfing. Closing price was 167.
Yellow line on the picture is the candlestick pattern describes date of purchase.
It is clearly visible that the price pattern is Up Flag, which is extremely Bullish in nature.
According to the trend of this stock, we can deliberately declare that price will never go below 139. And on the other hand, it will penetrate resistance level 170 very soon.
Finally, the risk to reward ratio, is greater than 1.
Therefore, it is definitely to buy this stock.
However, this stock was purchased with a price of 167.
It is found that, the price falls rapidly just after buying the stock. However, market responded extremely hurry.
And we booked our profit on 7th day and took exit from the trade.
It is necessary to mention here that, this stock made a new higher peak after we exit from the trade.
2. APOLLO HOSPITALS (APOLLOHOSP) – DATE OF PURCHASE 20/01/22; DATE OF SALE – 02/03/22)
This is another potential stock which we found extremely bullish on Bearish day in January 2022 is Apollo Hospitals.
It has a support at 3958 and resistance at 5934. However, it seems a huge opportunity to earn profit on this stock.
However, it contains a negative trend line but the price swings between the predicted value 3958 to 5934.
There is a reversal pattern on 21st December 2021.
On the other hand, reversal pattern was prominent from 25th October 2021 and create a new peak which turns to new resistance.
The purchase price of the stock is 4636 and selling price is 4875 with transaction of volume 2.7 M.
It is to be noted here that this specific stock has no proper price pattern. It was approaching with negative slope before it is purchased. However, it provides a predicted return.
During these journey, the stock swings between 4152 and 4733 with a symmetric pattern. It broke the resistance on 28th Feb. 2022 and hit Target 1 on 2nd March 2022.
3. GAS AUTHORITY OF INDIA LTD. (GAIL) – DATE OF PURCHASE -12/11/22 DATE OF SALE – 03/03/22)
GAIL is purchased on 12th Nov 2021 as it qualifies all the parameters. Support level of GAIL is 145 and resistance is 168.
Trend line approaching with negative slope. There is no prior price pattern is observed.
During the sharp fall of prices, the first reversal is observed on 13th Oct 2021. However, this reversal is not sustained, price falls again.
The second reversal is seen on 26th Oct 2021. Second reversal is also not sustainable and price falls further.
We have purchased the stock on 10th November 2021 on its third reversal as marked on yellow line. Surprisingly, it is found third reversal is not sustainable and price falls again.
GAIL moves to consolidation period for approximately less than around 4 months. During this consolidation period it creates inverted head and shoulder price pattern, which is an extremely bullish in nature.
On more minute detail, it is found from 7th Feb 2022 to 3rd March 2022, it creates one more bullish price pattern – Double bottom.
On 3rd March 2022 it returns the desired and predicted result. The complete breakout is seen from 25th February 2022 to 3rd March 2022.
4. CUMMINS INDIA (CUMMINSIND) – DATE OF PURCHASE -11/02/22 to DATE OF SALE – 10/03/22
CUMMINSIND is another remarkable stock which performs so well in the Bearish Market during February and March of 2022.
The strong support of this stock is available in 877 and resistance is 1026.
While selecting this stock to purchase, it is found, there is already a bullish price pattern is formed – Double bottom.
The chart clearly depicts, reversal is already prominent on 9th February 2022. Therefore, it will approach towards positive trendline as well.
It is observed, CUMMINSIND creates another bullish price pattern after the date of purchase of this stock. The second one is also a Double bottom.
It breaks its previous resistance level 1026 on 14th March 2022 and creates a new high-level resistance.
The resistance breakout configuration, which is a combination of three candles, is nothing but a prominent Morning star.
It creates a new resistance level of 1162. However, CUMMINSIND performed more than expected on very Bearish Market and provides opportunity to book profit for the safe traders.
5. GREENPANEL INDUSTRIES LTD. (GREENPANEL) – DATE OF PURCHASE – 17/02/22 and DATE OF SALE – 10/03/22
One more potential stock GREENPANEL is found as best performing stock in February 2022.
The support line is 432 and the resistance is 541. The approach of this stock is with negative trendline.
It is purchased on 17th February 2022 on the day of reversal.
The journey of this stock is fastest than other stocks described earlier. It hits Target 1 on fifteenth day from the date of purchase.
It created the bullish price pattern Double bottom and continuously creating new peak.
One special characteristic of this stock is that support line 432 is a strong support line.
The reason behind this is the level 432 performed as resistance and support before it is purchased.
The price pattern forms bullish double bottom as we discussed earlier, also take its support on this level.
As a result, this stock provides us best return on bearish day.
6. CHAMBAL FERTILISER (CHAMBLFERT) – DATE OF PURCHASE – 09/02/22; DATE OF SALE – 11/03/22
CHAMBLFERT is one of the most interesting and potential stock which performed more than expectation.
Support level 371 and resistance level 485.
First sustainable reversal is observed on 9th February 2022 and is purchased on the same date.
After purchasing a stock, it is our responsibility to keep patience. If I don’t have patience, I have no right to book profit. Therefore, we are waiting to hit the target.
During this chasing target, stock create an inverted head and shoulder pattern (as shown in picture), which is extremely bullish in nature.
With this described movement, it is proved that the reversal we observed on 9th February 2022, was a sustainable reversal.
Not only a sustainable reversal but it retrieved its resistance level also and penetrated to move upwards.
7. CENTURY PLYBOARDS INDIA LTD. (CENTURYPLY) – DATE OF PURCHASE – 03/02/22; DATE OF SALE – 15/03/22
On the very bearish day of 3rd February 2022, CENTURYPLY was found most suitable stock to purchase.
It has a support level at 579 and resistance level 659.
As it is well known we purchase stocks ON the DAY of REVERSAL.
However, there are several signs for reversal in previous days, we feel comfortable to purchase on 3rd Feb 22.
The day of purchase was the breakout day of CENTURYPLY of its bullish Double bottom pattern.
During the period of holding, it does not create any specific pattern. As shown in above figures.
However, it takes deeper support level (565) during this time period.
Final breakout is observed on 15th March 2022 with predicted profit amount.
For more detail, it can be concluded, we had purchased the stock in such a way, which brings profit in optimum time.
The stock formed another bullish price pattern – Double bottom. And we have purchased it on yellow line and booked our desired profit on violet line.
8. GUJARAT AMBUJA EXPORT LTD. (GAEL) – DATE OF PURCHASE – 28/02/22; DATE OF SALE – 16/-3/22
Another potential stock is GAEL.
Support level of this stock 170 and resistance level 227 when purchased, the volume of transaction 733.8K on 28th February 2022.
It is not to mention here that we purchase stock during the day of reversal.
No such price pattern is formed so it is considered to be bullish.
Even this stock didn’t create any such patten after it is purchased.
The only thing it follows is that – Bull take steps and Bear take elevators.
Finally, it returns our predicted profit on 16th March 2022.
9. KEI INDUSTRIES (KEI) – DATE OF PURCHASE – 02/03/22; DATE OF SALE – 17/03/22
Support level of KEI is 952 and resistance level is 1042 during the time period 2nd March 2022, when purchased. Volume of transaction is 342.3K.
It didn’t form any specific price pattern in the period of purchase.
However, it forms bullish Cup & Handle pattern during breakout.
The breakout is so interesting, there is a big MARABOZU candle appeared on 17th March 2022 with a volume of transaction 388.8K.
It takes 12 days to breakout as well as return the invested amount with predicted profit.
10. SHYAM METALICS & ENERGY LIMITED (SHYAMMETL) – DATE OF PURCHASE – 20/01/22; DATE OF SALE – 21/03/22
Support level at 299 and resistance level 357.
The interesting point is in this stock SHYAMMETL trendline is positive before it is purchased.
Date of purchase is 20th January 2022 with volume of transaction 275 K.
There was no such prominent price pattern is observed before it is purchased.
After it is purchased, the stock is consolidated for almost two months and creates one of the bullish patterns inverted head and shoulder.
During the period of holding, it breaks the support region 299 and took support at 289.
The breakout occurs on 21st March 2022. The volume of transaction during breakout was 1.125M.
11. JSW STEEL LTD. (JSW STEEL) – DATE OF PURCHASE – 11/01/22; DATE OF SALE – 28/03/22
One of the longest holding stock in this series is JSWSTEEL.
Support level 631 and resistance level 695.
Date of purchase is 11th January 2022. The volume of transaction was 6.9 M.
Trend line is considered to be positive in this stock.
The stock approached into consolidation for around 77 days.
It creates a specific price pattern inverted head and shoulder as shown in the picture.
It had broken its previous support level 631 to new level at 566 during the period of holding.
It is sold on 28th March 2022 with a volume of transaction 8.9 M.
However, the price moved into new level are we exit from the trade on 28th March 2022.
12. GUJARAT STATE FERTILIZER (GSFC) – DATE OF PURCHASE – 04/03/22; DATE OF SALE – 29/03/22
GSFC is found to be the most potential stock in the bearish day of March 2022.
Support level was 115 and resistance level was 138 when it is purchased. The date of purchase is 4th March 2022. The volume of transaction was 3.6M.
Trendline follows positive slope which pushing up the stock to next higher price level.
There is no such specific price pattern is observed during the time of purchase.
13. RAYMOND LTD. (RAYMOND) – DATE OF PURCHASE – 21/03/22; DATE OF SALE – 30/03/22
The fastest return is made with the stock called RAYMOND.
Support level 644 and resistance level 782 on the date of purchase 21st March 2022 with the volume of transaction 969 K.
The breakout occurs with a very short period of time, in eight days only and the volume of transaction was 7.3 M.
Trendline was positive during the purchase.
RAYMOND has created a specific bullish price pattern called Cup & Handle while breakout. However, it returns a good profit as well.
The final Marabozu candle represents huge Bulls on Power of the purchased stock. And it results the predicted profit.
The above evidence is the performance of the given stocks in extremely bearish day of March 2022 in NSE, India.
It will not be exagerated if we say that stocks performed GREAT in those bearish day.
However, I can say stocks performs Extremely Well.
It is requested that all this is published for education purpose only.
It is not recommended to go with our calculations without knowing details.
Every calculations is performed by professional experts.
Investors are requested to perform their own research before investment.