Legendary traders Jack Dreyfus, Nicolas Darvas and William O’Neil loved trading stocks which were at their 52 week high or All Time High.

When a stock reaches its 52 week high or it ATH there is a fundamental change in the story of the stock. This could be the company entering into a more profitable business segment, a new product launch, change in management or a government policy which could be beneficial to the company.

Today’s news : Cabinet approves amendment in the Foreign Direct Investment (FDI) policy on Space Sector. This lead to space related stocks to jump over 7%.

In a bull market there are always a high number of 52 week New Highs compared to stocks making 52 week New Lows which is a signature of a Bull run.

Stocks at 52 week high

Near ideal buy zone

• Grasim
• Jindalstel
• Glenmark
• Nifty50
• Mcdowell
• Alkem
• BEL
• Tatasteel
• Adanient
• Godrejcp
• Hcltech
• Reliance
• Icicibank

Jindalstel

Weekly chart

Icicibank

Weekly chart

Dixon

Weekly chart

Reliance

Weekly chart

BEL

Weekly chart

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Buying a stock which is at 52 weeks high or ATH with an ideal buy point could rake in good profits in a short amount of time and this could be used as a probable strategy for short term positional trading.

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