#iex look how it reached the yellow line #hporb
closing above 428 would be swell https://t.co/uZj5paFe6Q
from the analysis done few sessions ago for #iex Indian energy Exchange till now #hporb https://t.co/LnqCcCjxqq pic.twitter.com/tMcubrT6JP
— RB\U0001f4ab The Trend Trader (@usb_3Dot0) August 15, 2021
More from Iex
#Fibonacci extension 11.077%(1089)
than next objetive is to move higher towards #Fibonacci extension
18.07%(1704)
#Probability
#IEX-700
— Waves_Perception(Dinesh Patel) \u092e\u0948\u0902Schedule Tribes) (@idineshptl) October 8, 2021
New Story above 6.857%(718.75)
Projection ploted on chart. in that case base case 521 For near term.#Probability pic.twitter.com/b1PCa0NjI0
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Covering one of the most unique set ups: Extended moves & Reversal plays
Time for a 🧵 to learn the above from @iManasArora
What qualifies for an extended move?
30-40% move in just 5-6 days is one example of extended move
How Manas used this info to book
The stock exploded & went up as much as 63% from my price.
— Manas Arora (@iManasArora) June 22, 2020
Closed my position entirely today!#BroTip pic.twitter.com/CRbQh3kvMM
Post that the plight of the
What an extended (away from averages) move looks like!!
— Manas Arora (@iManasArora) June 24, 2020
If you don't learn to sell into strength, be ready to give away the majority of your gains.#GLENMARK pic.twitter.com/5DsRTUaGO2
Example 2: Booking profits when the stock is extended from 10WMA
10WMA =
#HIKAL
— Manas Arora (@iManasArora) July 2, 2021
Closed remaining at 560
Reason: It is 40+% from 10wma. Super extended
Total revenue: 11R * 0.25 (size) = 2.75% on portfolio
Trade closed pic.twitter.com/YDDvhz8swT
Another hack to identify extended move in a stock:
Too many green days!
Read
When you see 15 green weeks in a row, that's the end of the move. *Extended*
— Manas Arora (@iManasArora) August 26, 2019
Simple price action analysis.#Seamecltd https://t.co/gR9xzgeb9K