It is possible to capture big moves in stock using price patterns along with simple indicators like the ADX (Average Directional Index).
We combined a simple price pattern with a price indicator on MAZDA LTD and captured a move of more than 8% in one trading session. It's impressive how combining these simple indicators with price patterns can pinpoint momentum stocks for short-term trades, leading to substantial returns.
We published the following research on Mazda Ltd 08th January 2025 in the “Vayu Momentum Report” which our subscribers receive pre-market every day.
MAZDA LTD Daily chart Anticipated as on 08th January 2025 
Wave Analysis Anticipated as on 08th January, 2025:
MAZDA showed sharp rally in the previous session of more than 12% in a single trading day! The stock has formed a rounding bottom pattern. Price has closed above 1650 which confirms breakout of the said pattern. On the daily chart, ADX is suggesting strong momentum can continue in this stock as it is showing readings of 47.59 which is above 25. For now, one should use buy on dips approach to ride the trend.
Key Resistance: 1870
Key Support: 1650
Strategy: Use dips towards 1710-1730 as a buying opportunity for a move towards 1850-1870 levels as long as 1650 holds on the downside.
MAZDA LTD Daily chart Happened as on 09th January 2025
Happened: The stock moved as expected. MAZDA gave a breakout of the Rounding Bottom despite major indices falling which is a bullish sign. After a dip, the stock showed a rise of more than 8% and achieved both our given targets in just 1 trading session and made a high of 1892 levels.
It is fascinating to see how accurately combining basic indicators along with price action can help to predict price targets with higher accuracy.
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