#SGXNIFTY
class Double Top
now 3 close below 15400 will confirm the Rounding Top and pattern can test 13800-13600
#AhmedabadNest #StockMarket #india #NSE
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More from Niftylongterm
- 5.i done as LD at 16793.
- 5.ii done at 16347 and Nifty rises to 17000+
- 5.ii.a or w done at 16347, irregular correction or complex correction may play out for next 5-7 trading sessions.
Buy the dips. https://t.co/l4Iqp7patS
#Nifty hrly - 2.a done and 2.b should ideally be done tomorrow below the previous high.
— Harsh / \ud5c8\uc26c (@_Harsh_Mehta_) June 6, 2022
With RBI MPC meeting outcome on 8th (I suppose), sets up perfectly for a 3rd wave in major 5th (considering that my counts are right). https://t.co/LXG2SCg3bY pic.twitter.com/Ya2D35VV8F
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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