You got to be alert to what is happening in the market in order to make money. When a company does something to unlock value, and the promoter also buys shares from the market, you take notice and do your analysis. My Elliott Wave book “Five Waves to Financial Freedom” teaches you the basics of Elliott Wave Analysis. (In case you dind’t know, the 10th anniversary edition with all-new examples is available now as both an ebook and a paperback in some markets) Then comes the more important step, the tactical decision making that will allow you to profit from your analysis. This is taught in my online Elliott Wave Course, “How to Profit from Elliott Waves“.
Mirza International Limited is engaged in the business of manufacturing leather and leather footwear, and dealing in apparels. This company has been in the news recently. Here is some basic analysis. Remember, this is NOT investment advice! What follows is the Elliott Wave Analysis of Mirza International.
This is an educational blog dealing with the Elliott Wave approach, and not investment advice! I teach Elliott Wave analysis and share my knowledge with a world-wide audience. You need to make your decisions and know how to trade and invest.
Happy New Year!
2 Comments
Dear Ramki. How do we use Elliott wave theory for stocks in uncharted territory after years of languishing as a penny stock. For example I had identified SPEL semiconductors currently trading only in BSE under T2T segment and bought into it at 23 keeping track of the semiconductor shortage news as well as doing my checks on company.
Ganesh, Let me congratulate you on buying this at 23. This is by no means a penny stock now. Elliott Waves work not because a stock has previously been to some levels (making it a chartered territory!). Rather it depends on human emotions. The only requirement is there should be adequate liquidity and mass participation. It cant be that just a handful of people are buying or selling. If this crietria is there, then you can use the same principles that I teach you in FWTFF to analyze it. Making profits from Elliott Waves is taught in my online program at https://elliottwaves.com
All the best