Celebrating 1million followers of #Powerofstocks a youtube channel by #SubasishPani

A VIDEO 🧵: 8 CONCEPTS THAT YOU JUST CANT AFFORD TO MISS OUT!

Collaborated with @AdityaTodmal

1. How to draw support and resistance?

• Spot the U-turns i.e. the bend in the existing trend.

• He explains the change in the polarity concept here.

Example 1: How to draw support and resistance on charts

The more any Support /Resistance is tested the more it becomes weaker

2. Inside Candle

• Trade the breakout of the baby candle with its H/L as SL

• Pyramiding is done at the break of the mother candle H/L

• Try this only to the top 10 Nifty stocks.

The only time you should average is when a stock bounces back from the breakout level after your initial buy at breakout candle. Rest always must think of pyramiding. - Every next buy price should be higher than the previous purchase price.

Nifty made a bullish kicker pattern in daily TF; this pattern has triggered lots of bullish reversal across instruments in the past.
Location of price action signals a short term bottom as price is too oversold and available at major support
#Nifty

You have the fibonacci retracement cum extension tool in https://t.co/C8fkLCoGfe

You can measure it for any stock/ index. https://t.co/3KBRN2TDLZ

3 Ways to Ride the Complete Trend in a Stock

1. Supertrend
2. Moving Averages
3. Relative Strength

A Thread🧵 With Examples

Retweet Comment and Share :)

SuperTrend :
It is TrendFollowing Indicator That generates Buy / Sell signals based on the ATR value or volatility of the stock

Supertrend also works as a trailing stop-loss for the existing trades Best on daily time frame
2/n

Supertrend Conditions
Works Best on 10 , 3 settings
One can try and backtest on 10 ,2 at own also !
Doesnt Work well in Sideways Zone as it is trend following indicator

3/n

1. Works Best In trending Markets
2. Keep Riding the trend till Supertrend Turns Red
3. Use Price Action to Enter and Supertrend As Trailing Stoploss
4. Sometimes Gives Multiple Signals Where you can take Small Stoploss .

Example :
4/n

Supertrend to be avoided in Sideways markets as it gives a lot of false Signals .

Use Normal Support Resistance as Stoploss in this case
5/n

New MyComboScan with new parameter VWAP

These major stocks have shown high delivery yesterday and also price action combined with VWAP is showing Strength.

A thread on these stocks.

For the Ease of finding Strong #Uptrending #Stocks
I made 👇👇 screener!!

🔹Avoid #pennystocks

🔹Try to stick to the #stock out of the new base

🔹Avoid Over Extended stocks

#krishchessscreener #stockstowatch

If you are a beginner and don't have any idea why the market is falling continuously.

Read Stan Weinstein's Book.
Read What is "Stage 4" and believe me there is no better explanation than that I found till today.

2021 most of the knee jerk reaction comes in second half of the series near 21st of every month.🧐🧐

My #FIPA combo scan

Stocks showing good quarterly business performance and strong price action.

One of the most simplistic stock scanning engine for Indian markets is at @mystockedge , its an ATM Machine.

Never buy an IPO on day 1. Give it time to setup.

Once a new IPO has flattened out for a few days, it gives you a range like this to play against.

Above the line you're in. Below and you're out. Easy peasy lemon squeezy 🍋 😉

Use Williams Alligator Indicator if you are using the free version of tradingview and can not go beyond 4 indicators.

In the Alligators' indicator, you get 3 MA in one tool. By default, you get 5, 8 & 13. You can change them accordingly. This saves your indicators list.

Mr. Rakesh Jhunjhunwala (RJ) is the richest trader & investor in India.

He's earned $6,000M or ₹45,600CRS from his best bets.

THREAD: Jhunjhunwala's 6 best trades.

Collaborated with @AdityaTodmal

1. TATA TEA

In 1986, he bought 5,000 shares at Rs 43, which rose to Rs. 143 in a span of 3 months.

Made a neat Rs. 5lacs.

2. SESA GOA (now VEDANTA)

Initially bought at Rs 28, thereafter pyramiding at Rs 35.

The stock rallied to Rs 65 in a span of 4months.

By now he had made Rs. 25lacs.

3. TATA POWER

Using the Rs. 25lacs,he bought TATA POWER at Rs. 150 and it rallied to Rs. 1000 thereby making a neat Rs. 2.5-3crs.

4. 1989's budget was a game changer for RJ.

Prior to the budget the stocks had been hammered.

RJ's hunch was the upcoming budget wont be a disappointment & hence he staked Rs. 3crs. & made Rs. 20 crs. by the end of the budget.

Technical Parameters To Look At which can be used to evaluate new stock :-

⚡52 𝗪𝗲𝗲𝗸 𝗛𝗶𝗴𝗵
⚡𝗔𝗹𝗹 𝗧𝗜𝗠𝗘 𝗛𝗜𝗚𝗛
⚡𝗠𝘂𝗹𝘁𝗶 𝗬𝗲𝗮𝗿 𝗕𝗿𝗲𝗮𝗸𝗼𝘂𝘁
⚡𝗛𝗶𝗴𝗵 𝗩𝗼𝗹𝘂𝗺𝗲 𝗪𝗶𝘁𝗵 𝗛𝗶𝗴𝗵 𝗗𝗲𝗹𝗶𝘃𝗲𝗿𝘆 %
⚡𝗦𝗲𝗰𝘁𝗼𝗿𝗮𝗹 𝗕𝗿𝗲𝗮𝗸𝗼𝘂𝘁

Bookmark 🔖

A simple #scan to find stocks which have moved 25-30% in past 20 weeks (with moving average critera & liquidity filters) will give you a watchlist of names to keep track of.

Update the list daily. Manually scan all charts in watchlist to add & reject.

https://t.co/J1wBe2yPui