MarketSmith founder William J. O’Neil, a stock market legend, revolutionized equity investing by combining fundamental and technical analysis, focusing on historical precedent. His philosophy centers on seven characteristics common to the greatest stock market winners of all time.Utilizing O’Neil’s methodology, MarketSmith created a custom screen to identify companies with strong earnings growth and relative price strength within 15% of their 52-week highs. This approach is particularly effective in the early stages of a bull market when strong stocks are poised to rise as general market pressures ease. Here are 9 Indian stocks that embody William J. O’Neil’s equity investing principles, as highlighted by MarketSmith:
Bharti Hexacom shares zoom 4% after Q3 PAT, revenue jump over 20% YoY
Bharti Hexacom shares rose 3.8% after the company reported a 23% increase in net profit, reaching Rs 261 crore, and a 25% rise in revenue