1-5 April 2024 | Bazaar This Week

📈 Bazaar This Week (1-5 April 2024)

🚀 Stocks In Focus

> Anil Agarwal-led Vedanta Group to raise $300 mn through debt securities.
> Vodafone Idea board to consider ₹20,000 crore fundraising in 6th April meet.
> Lokesh Machines has got license for FIRE arms from the government of India. The stock has run up from 113 to 450 already.
> Hero Motocorp gets demand notice of ₹605 crores from the Income Tax Department.
> Prestige Group acquires a 21-acre plot in Whitefield, Bengaluru, for ₹605 crores.
> Royal Orchid Hotels enters a contract to build a 300-room five-star hotel at Terminal 2 of Mumbai Airport.

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💃🏻 Learn how to make millions like this dancer

Nicolas Darvas’ stock market story was pretty unusual. He fled his home country Hungary ahead of the Nazis, and eventually became a professional dancer in Europe, along with his sister. When he wasn’t performing, he studied the stock market.

In fact, his first stock purchase led to a profit of more than 200%. His techno-funda theory was unique, one that borrowed logic from both worlds, i.e. technical and fundamental analysis, and went on to make >$2 million from the markets.

Darvas Box Theory

His famous Darvas box strategy is simple. He selected stocks based on 2 factors:

• The stock should be trading at its 52-week high

• It should show high momentum and volume

Basically,
1) Create a watchlist of stocks trading at their 52-week high and above their 200-day EMA
2) Wait for it to enter a consolidation, which may look something like a box
3) An entry is triggered when the price breaks out of the consolidation zone with high volumes
For example 👇🏼

Read on to see an example trade where the strategy has successfully played out in an Indian stock!

Trade in Tata Investment Corporation

Look at how perfectly the Darvas box strategy has played out for the holding company - Tata Investment Corporation Ltd. It entered a defined consolidation zone after hitting its 52-week high in September 2023. Gradually adding during consolidation phases would have given an excellent return 🤩

p.s. it’s still trending!

Darvas box is just one strategy you can use for swing trading. You can learn several other actionable swing trading strategies in Mr. Himanshu Arora’s Momentum Swing Trading Course, only on Upsurge.club.

⭐️ X Ka Gyaan

We know it’s difficult to be an obedient & safe trader all the time, but maybe you would listen to Ross, Rachael, Monica, Joey, Chandler, and Phoebe 😅

👀 Other Kafi Sahi Links…

🎧 We hosted trader Vijay Thakkar on our pod, where he revealed his strategy that makes him a CAGR of 30% 😵‍💫

💅🏼 Gen-Z females expect their wealth to grow the most in 2024, see what other generations feel

📈 Rahul Gandhi’s equity allocations went from 0 to 33% in Modi’s raj

🚀 Check out our new course on candlesticks, the perfect way to start your trading journey