#IPOs post listing can still offer very good opportunities.
Many traders give it a miss because there is very little price information available.
Few recent listings have proved that some big winners could come out of these recent listings and that to fast.
Few things that I look at when I decide to take a trade in these newly listed stocks.
1. I prefer stocks which lists above IPO price
2. Stock post listing consolidates for min 8-10 weeks before breakout
3. Low free float
Listing day high or consolidation high is a breakout point
Few Examples that I have made money post listing.
I may have posted few of these on twitter already.
#indiamart ipo price 973 breakout point 1369
#aavas ipo price 821 breakout point 865
#creditacc ipo price 422 breakout point 427
#fineorg ipo price 783 breakout point 1244
#grse ipo price 118 breakout point 120
#hdfcamc ipo price 1100 breakout point 1970
#metropolis ipo price 880 breakout point 1080
#polycab ipo price 538 breakout point 677
And last ONE and ONLY
#irctc IPO price 320 breakout point 980
I had saved these charts few days ago...
Wanted to post 2 that were ready for a breakout...
But now have already run up.
#ircon
#neogen
This is from think and trade like a champion..
Fantastic words of wisdom by @markminervini
latest one added to the list...
#suvenpharma newly listed stock above 355....

today 400.... up 15%
#sbicards new listing... :)
#rossaribiotech new listing.... above 820
#cams
New listing
#happstmnds
New listing

Added a small position....
You can follow @ameyanifty.
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