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Get access to the detailed solutions to the previous years questions asked in IIM IPMAT exam
Writing down the values given in the candlestick chart in the form of a table for ease of calculation,
There are three bullish shares, C, D and G
Lets say a trader buys one share of each of these stocks, and sells them at their day's high
One share of C at opening is 800, sells at 1400
One share of D at opening is 500, 1200
One share of G at opening is 1200, 1900
Total Investment is 2500, and total money after selling is 4500
That is an 80% return since