As the overall markets have again reversed the stocks we recommended in Multibagger have started showing strong rise.
In a portfolio not all stocks will contribute at the same time as we recommend from different sectors and stock movement is cyclical. But it is best to keep buying the ones that are exhibiting impulsive trend.
See below how Berger Paints performed that we recommended just over a year ago.
Berger Paints is exhibiting classic Impulse wave pattern with stock on a steady rise since the year 2000 onwards. The long to medium term trend for the stock is positive and there is potential to still see much higher levels eventually. Berger Paints India is one such stock that we recommended in our Multibagger research report based on various studies like Time cycles, Elliott wave, indicators.
We recommended this stock when it was quoting near the zone of 301 and was successfully able to catch the upmove. It touched its lifetime high near 436 levels in today’s session. See yourself how we were able to catch the upmove even before it began.
Below is the chart showing detailed analysis published in our research report –“The Financial Waves Multibagger Update”
Berger Paints weekly chart: (Anticipated as on 11th July 2018)
Berger Paints weekly chart: (Happened as on 23rd September 2019)
(Following research is taken from Multibagger report published on 11th July 2018)
Multibagger stock recommendation: Berger Paints
Buy Price – Buy at CMP 301 and more on dips to 290
Time Horizon – 1 to 2 years
Investment – 5% of capital
Target price –??? (Given in actual report)
Stop loss- ???
Anticipated as on 11th July 2018- As shown in weekly chart of Berger Paints prices are in cycle degree wave (III) and within this it is now starting wave V of (III) on upside. If we take 61.8% log projection of wave I then there is possibility of seeing the conservative target of ….. Equality target comes much higher towards … levels but it is best to stay conservative as we are in primary degree wave V.
In a nutshell, one can initiate buy at current levels and add on dips towards 290 levels. Use … as strict stoploss as move below it will suggest premature truncation of wave V which looks lower probable scenario. We maintain our target of …. over the period of 1 to 2 years.
Happened as on 23rd September 2019 – The stock has been moving in sync with our expectation and hit its lifetime high near 436.80 levels in today’s session. The upmove has been strong and we expect prices to achieve its target of ….. levels in coming months. The stock is giving a return in excess of 47% in just 13 months of time when Nifty has not moved anywhere during the same time.
Multibagger portfolio – Create your portfolio of Multibagger stocks and you can simply see power of impulse up. It took only two days for stocks to recover and move sharply higher. Months of correction has been retraced back in less than 2 days.
The above analysis clearly shows how one can identify the stocks from positional investment perspective just with the help of Elliott wave, time cycles and other advanced indicators. If you wish to build portfolio of stocks that can be potential Multibagger we can help you with identifying the stocks which can give alpha returns over medium to long term holding period. Get access now