How to identify multibagger stocks in Indian stock market ?
How to identify multibagger stocks in the Indian stock market?
Top Multibagger patterns
- Visit https://in.investing.com/indices/s-p-cnx-nifty
- Set your chart setting a time frame to weekly
- Add moving average exponential from indicator list.
- Set moving average exponential to 20 period
- Add moving average exponential from indicator list.
- Set moving average exponential to 200 period
- Here 20 and 200 represent the weeks 20 weeks and 200 weeks data.
Stock Buy Rule
- It should form an inverted triangle.
- Buy when 20 moving average exponential cross 200 moving average exponential in the weekly time frame.
Stock Sell Rule
- Sell when 200 moving average exponential cross 20 moving average exponential in the weekly time frame.
Impotent Note
- The strength of the trend can be found from the size of the triangle before a breakout.
- Smaller the size bigger the movement or stronger the trend
- Bigger the size of the triangle smaller the movement or weak trend
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