The_Chartist 📈's Threads

In a strong counter, always wait for a candle to stop breaching the previous candle's low and look to increase your allocation as the risk is limited.

NIIT - a new high https://t.co/o9Sv2yT5m5

One application of Fibonacci is to look for the retracement level in the strongest stocks. A strong stock must not retrace below 38%.

NIIT Limited. That often helps in timing our SIP purchases/swing trades. pic.twitter.com/6lB7zNJOFI
— The_Chartist \U0001f4c8 (@charts_zone) March 28, 2022

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The_Chartist 📈...
@charts_zone

I always have a bearish bias for the stocks consolidating below 200 MA - IGL https://t.co/xFdzbT8tqG

I posted this chart of IGL last month & waited for the trigger. It never got activated & fast forward it to today, the stock is almost down 25% from the previously shared levels. https://t.co/LYzRsOwyO4 pic.twitter.com/ChDx79HQAx
— The_Chartist \U0001f4c8 (@charts_zone) January 31, 2022

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@charts_zone

Having a long weekend of 4 days - so penned down my thoughts on what helped me in the market for someone who needs a direction. Do give it a read. Thanks. Probably might help you a lot in your

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@charts_zone

I look for bullish candle formations right near the support for validation of the boundaries.

EI Hotel. Also a triangle breakout within the formation, the target of which culminates in the channel's upper boundary

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@charts_zone

Didn't trigger and the pattern failed. Didn't break out.

Adani Green

Need to look for if 2650 holds up https://t.co/hjdJagcqAW

Will be looking for pennant continuation move post 3050 in the case of Adani Green.

No trigger yet. The chart is still strong pic.twitter.com/49lscC3LZY
— The_Chartist \U0001f4c8 (@charts_zone) May 3, 2022

Authors The_Chartist 📈