Momentum always fade before it reverses. No abrupt reversal in it.
U can see in the pic below, it always passess through a choppy zone, before trend reversal to give a clear momentum.

With a huge gap up and no follow through today, price is still not bearish
means no short now

1. Stocks moving in tight range after hitting new ATH
2. Stock is among Top 5 in sector leaders
3. Sector out performing overall market
4. Rel strength at ATH
5. Volume flowing into the bullish side

Is probably closest I have seen to the #Holigrail which many are looking for

Here is a thread of all the stocks i have kept in watchlist over this weekend upon which i have made immediate tradeplan. All charts are posted with the logics behind it.

Price under compression and revisited the exhaution gap where it found demand
#kotakbank

1/17

Price went abv the VAH with high momentum and fell back to take support of it. It looks to have bounced off there. Ideally it should continue go north from here
#marico

2/17

price found excellent demand upon the reversal of polarity
#bajfinance

3/17

price made a double bottom pattern and rallied to breakabv the first resistance. It took a minor puase and looks ready to go up from here
#gujgasltd

4/17

finding demand upon testing the past resistance level which broke few days back #bajajfinsv

5/17

#havells

excellent consolidation after a strogn uptrend
recent breakout to new highs
retest successful now

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

How to desogn a trading system???

Ur trading system should contain 2 parts
1. Define context
2. Entry exit set up and rules

Let's see them in detail

1/16

When u define the context u are essentially removing all the trades which are against the trend.
Suppose u objectively found trend is Bullish with any tools of ur choice. Then all the shorting signals ur entry exit method generates can be avoided

2/16

The tools u use to define the context of the major trend can b anything
1. Supertrend positive
2. Price > EMA 20 > EMA 50
3. MACD abv zero and abv signal line
4. Price and rising vwap
5. Price is riding through upper Bollinger Band since last >20 bars

These are examples

3/16

This is one part of defining the context. Now how about ensuring the trend in this TF is same as the one from HTF as well??
This will add lots of odds in trade success.
Suppose ur trading TF is 5min, then a check up in 25min TF is highly desirable.

4/16

If 25min TF too is Bullish, the the context is defined completely. But how to define trend in 25min TF ??

One method as follows
1. Last 25min candle has abv average volume and abv average spread with a close near high

5/16

Candlesticks shows where price want to move,
Volume shows the force behind that move,
RSI signals the strength of the force in moving the price
Bollinger Bands signals the space all these together are making for price to move into

These are my tools &
This is how i use them

How to identify a potential 2x/3x winner in equity segment with a medium term delivery perspective??

Here is few stocks which made a >5x return since 2 years. All of them shows specific repeated sequence of events.
If u were to ask to form a method out of this
How would u do it?

#radico

moves in a range since >one month now
Price is ledging aross the resistance
We already had one fakeout last month
Potentially, it caught enough fuel there to breakout this time

check these links. These are few. many other ones are there

https://t.co/pvpL7Nlw0D
https://t.co/azWOUxcaQw
https://t.co/Z2INuHqfSs
https://t.co/b3y1tCyOuW

#radico
Near Perfect Pattern after a strong range breakout recently

#alkylamine

Chart speaks a lot here !!!
#StockToWatch #StockMarket #nse

it has alreready made a new all time highest close. It provided low cheat entry twice already in last 2 weeks.
A good breakout to new high is possible here

#tataelxsi

Technical analysis & trading mainly concentrate on trending stocks because they are visually very convincing. But TA on rangebound stocks is often neglected from books & hence from trading too. Mean reversion is what rule the price move in such stocks.

It's a goldmine, learn it