Important Scanners for Stock Selection

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How to Select Stocks for Intraday and Short Term

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𝗠𝘂𝗹𝘁𝗶𝗕𝗮𝗴𝗴𝗲𝗿𝘀 𝟮-𝟱𝘅 𝗦𝘁𝗼𝗰𝗸𝘀 𝗦𝗰𝗿𝗲𝗲𝗻𝗲𝗿

Explained in only 3 tweets 🧵🧵

Gold standard info if you can use

𝗞𝗶𝗻𝗱𝗹𝘆 𝗥𝗲-𝗧𝘄𝗲𝗲𝘁 𝗳𝗼𝗿 𝗠𝗮𝘅 𝗥𝗲𝗮𝗰𝗵🙏🙏

1) Screening using chart Ink -

Create a screener to find EMAs confluence 20-50-100-200 on weekly time frame.

Here is the screener created just now

2) Now do manual screening by sorting from high volume and find the stocks that have corrected well on chart -

Look at Mirza International -

- Base formed after correction
- EMAs confluence
- Pump to 3.5x in less than a year
- Enter when candle closes above EMAs confluence

3) Last Step is to do some Fundamental Screening -

- Debt is manageable
- Cash flow not reducing
- Operations expanding ?
- Read more what's in pipeline
- Compare with peers and check if its undervalued
- Check the forecasts of that sector

Enter if passes in above

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Complete Technical Analysis Course 🧵🧵

Step by Step Learning in 10 tweets.

Worth any webinar 20k

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1) Learn candlesticks and patterns

2) Learn Support and Resistance -

3) Study Dow Theory

4) Learn Charting

A Thread on #VWAP - for #Intraday

With #Zerodha Charts that most of us use.

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@kuttrapali26 @Mitesh_Engr @vivbajaj @caniravkaria @nakulvibhor @ST_PYI @PRSundar64

VWAP - One of the most trusted indicator is volume-weighted average price (VWAP). Simply average the price and volume and indicate a price point of the trading of day. Works in #intraday Only.

How to use #vwap -

First 15 minutes - #ASIANPAINT on a 5 min TF explained in pic below

- Entry based on #VWAP in morning gives max gains.
- In a bull chart it won't touch VWAP again in day.

#VWAP ( how to short ) in Mid of Session -

How to short using VWAP - Explained in #mindtree and #HCLTech 5 min TF

Always wait for retest and confirmation before taking short - keep SL above VWAP

How VWAP helps identifying Bull and Bear Run in continuation

Explained with this #HCLTech and #TataSteel Chart🙏

When you have a hint of breakout and that may continue .. how to confirm with #VWAP ?

5 Screeners for Intraday Long Alerts 🧵🧵

1) Volumes Blast
2) Breakout
3) Intraday buying
4) Bullish engulfing
5) EMA Cross over

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1) Volume Double

2) Breakout on 5 min

3) Intraday Buying

4) Intraday Bullish Engulfing 5

Complete Technical Analysis Course 🧵🧵

Step by Step Learning in 10 tweets.

Worth any webinar 20k

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1) Learn candlesticks and patterns

2) Learn Support and Resistance -

3) Study Dow Theory

4) Learn Charting

High accuracy #MACD strategy for #shortterm #mediumterm swing trades and investment.

1. Never buy a stock with monthly MACD (12,26,9) below signal line.
2. Buy a stock when monthly MACD(12,26,9) just crossed and settled above signal line.
Who wants screener on this strategy?

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!👇

A thread 🧵👇
#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.

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🙄