Technical analysis screeners which will just take 5 minutes to find good looking stocks out of 5000+ stocks!

✅ Intraday Breakout Trading
✅ Volatility Contraction
✅ Candlestick Pattern

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Breakout Soon Candidates!

1- Zensar Tech
2- Jubilant Food
3- JSL
4- TTK Prestige

Keep on Radar.
Getting Ready for Breakouts!

From today onwards you’ll stop searching for Chartink Scanners Which will save you a lot of time and efforts for filtering….!

✅ Strong Momentum Stocks
✅ Donchian Scanner
✅ 3 Week Tight Range
✅ Range Breakout Stocks
✅ And many more…….!

The most important thread 💯 🧵👇

(1) 5 Day Range Breakout

(2) New 52 Week Highest Close

(3) 3 Week Tight Closing Stocks

(4) Donchian Scanner

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✅ An introduction to Price and Volume Action.

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There is a saying in the indian stock exchange " Bhav Bhagwan Che ! " which forms the basis for price action and ultimately technical analysis.

Price Action is basically looking at price and the actions/ patterns it made during the tug of war betweern bulls and bears.

Price action helps us identify proper buy and sell areas.

It helps us understand supply and demand zones and based on the patterns we can assume who is going to take ground either bulls or bears.

We use candlestick to understand price action. Candlesticks are technical tools which helps us by providing sessions Open, High, Low & Closing price of that candle in a graphical representation which looks like a candle.

A candle stick is a tug of war between bulls and bears. We come to know who when when looking at closing price. So if the closing is above opening then bull have won and if cloing below open then bears have won. By this you must have understood how important is closing price

Breakout Soon Candidates!

1- Fortis Healthcare
2- Bajaj Holding
3- Navin Fluorine
4- Tech Mahindra

Keep on Radar.
Getting Ready for Breakouts!

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✅ Horn Candlestick Pattern
✅ Trend Reversal Pattern

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Horn Candlestick Pattern

• Horn Bottom - Bullish
• Horn Top - Bearish

A horn pattern is a sudden spike in stock price.

The pattern looks like two horns of a bull or the letter "H"

It’s a 3 candlestick pattern.

• Horn Bottom

Horn Bottom occurs during downtrend with 2 candles which shows resemblance to horns implying that bears have lost ground as they have reached lower price now its bulls turn to lead the market

Long trades occurs when the script breaks the high of 2nd horn candle.

The area where horn bottom occured becomes a strong support zone

• Horn Top

Horn Top occurs during uptrend with 2 candles which shows resemblance to horns implying that bulls have lost ground as they have reached higher price now its bears turn to lead the market

Short selling occurs when the script breaks the low of 2nd horn candle

From today onwards you’ll stop searching for Chartink Scanners Which will save you a lot of time and efforts for filtering….!

✅ Strong Momentum Stocks
✅ Donchian Scanner
✅ 3 Week Tight Range
✅ Range Breakout Stocks
✅ And many more…….!

The most important thread 💯 🧵👇

(1) 5 Day Range Breakout

(2) New 52 Week Highest Close

(3) 3 Week Tight Closing Stocks

(4) Donchian Scanner

Even the biggest handles with 100k+ followers get this simple thing wrong in charting!🤦‍♂️

This is the most important thing especially if you are analysing long term charts!🧐

So, let's get this right today!

USE LOG CHARTS 📈 FOR ANALYSING LONG TERM CHARTS!

Let’s go🧵...

1⃣ Wait, What's Log chart?

Before I define Log chart, let's look at the chart you are using daily - 'The Linear Chart'

- Linear chart is used by default in most platforms. This is probably why you never knew log charts

Wait, don't click on 'log' yet before you understand it...

2⃣ ok, so what does Linear chart mean?

Take a look at the image
- The y-axis is separated equally by 1000 points starting from 0 to 11000.
- So, any linear chart would have its y-axis equally separated by 'N' points always

And... that's where the problem lies...

3⃣ But, I don't see any problem?🤔

Ok ok.. let me explain...

- Can you look at this #TATAELXSI chart & tell me the price in '99 when it was listed? No!
- Can you draw a proper trendline in this chart? No!

Reason is because of the price congestion between '07 to '20...

4⃣ What else?🧐

- Whenever there is a price change in an instrument & it's drastic it'd be difficult to analyse on a linear chart

- Look at this example of #BTCUSD. What happened in 2021(refer to the red box)? 🤔

All this is because of the equally spaced Y-axis!

hmmm... ok🙄

A lot of people keep asking me for the Breakout & Momentum scanners, here are the most useful Breakout Trading scanners you can use to filter out stocks!👇

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#trading

This scanner will give stocks which are giving breakout from 52 week high and having huge potential upside.

This scanner will give stocks which are having Volume Spurt which signifies that big hands are taking the entry.

This scanner will give stocks which are giving breakout from short term classical chart pattern.

This scanner will provide you with the stocks which are hovering near to 52 week high and has the good potential for upside.