10 Aug 2020 ● 02:08 PM
Many stocks hvae taken time to play out while others take off right away. Is there anyway to know? Not really. Its hit or miss. Sometimes others play out with a lag. As a trader with limited positions I may move to stocks that tend to respond faster to market swings for performance reasons. As a trader I need to be detached to the views on any indivisual name. So run a performance filter like Relative strength between stocks you like to choose the best one at a point of time. Anyway so Ashok Leyland looked like a triangle and prices just went sideways out of the lower line but not making a lower low. So the set up does not change only takes time. Lets see if the momentum indicators turning up again help this time for a move to a higher high above the wave D high of 58.65.