Laidback Strategy - New Opportunities Emerge
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The Laidback Strategy has gained significant traction among Definedge users, and I am writing here to share new opportunities that align with this strategy.
A recent video highlighted the successful application of the Laidback Strategy on Suzlon over the past decade.
You can watch both videos by clicking here: Video1 Video2
Now, we've identified three stocks that meet the strategy's entry criteria:
1. HeroMotoCorp - The leading motorcycle manufacturer
2. Bosch Ltd - A global leader in automotive technology
3. IOC Ltd - A prominent player in the oil and gas sector
To effectively scan for Laidback Stocks, follow these simple steps:
Go to RZone > Scanners > Candlestick Scanner > Select your Markets and Groups > In Conditions, Select Public > Find "The Laidback Strategy (Entry)" > Change Time Frame to Weekly
This scanner is exclusively available in Trade Point and RZone.
Remember, the Laidback Strategy is designed for long-term investors seeking stocks with the potential for steady growth and minimal risk. By carefully evaluating these potential Laidback Stocks, you can make informed investment decisions that align with your risk tolerance and financial goals.
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Thank You, for this relaxed strategy. I am finding some more stocks in addition to 3 identified above , like GNFC , ONGC , GAIL, Schaeffler and many more using the scanner. Is there any particular reason to omit these. Please guide.
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NMDC is another one from this universe looking promising.
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@Shashank Jain There are many stocks; I just highlighted this to explain the system on how it performs on multiyear breakouts.
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@Shashank Jain Yes
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Thank you @Brijesh-Bhatia for these strategy, now investing has become quite easy with SIP kind of investment.
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@Ilyas Shaikh Good to know you are following it. And yes, SIP is the best approach to long-term investing.
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@Brijesh-Bhatia - Can you please provide RSI setting & DONCHI CHANNEL
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@Subramanya Joshi RSI100 and Donchian 62period on Weekly chart
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I found new Dimension in Trading & investing with Definedge . Great Tools under one roof . Good info , very Easy for new investors . Great work you are doing Definedge.
