@Pathik_Trader @sanjufunda @sanstocktrader @Rishikesh_ADX Thanks Aditya..Here is improved version of the BTST Scanner
More from Discipline TrendFollower😀
As per classical tech analysis
Whenever daily RSI starts trading above weekly RSI. Consider it as short term bottom
When weekly RSI, above monthly RSI midium term bottom
Now daily RSI 30
Weekly 37
Monthly 59
@bankniftydoctor ..RSI king.view pl
I will do either
— Discipline TrendFollower\U0001f600 (@SouravSenguptaI) March 7, 2022
1.Monthly RSI near 40 ( presently 58)..Did nearly 20 yr backtesting
Or
2 A close above 17350 ( monthly)..This will confirm HH Structure
Levels r as of now
Thanks brother for this & sharing it in public domain.
👍👍
As informed, this thread contains the #ChartinkScanners on the basis of which the traders can select stocks for their watchlist to trade. But nowhere is a Buy/Sell/Hold reco list. Pls Retweet for max reach. https://t.co/ezl0XffNbU
— H@\u20b9i$H \U0001f1ee\U0001f1f3 (@harrie007) June 26, 2020
Pl find enclosed a general FAQ prepared earlier & I hope it could be useful
Any query is welcome
#trendfollowing
I have tried to prepare (best of my knowledge) a small FAQ on Trendfollowing. For more details you may read https://t.co/E5JE81huNA by @Covel
— Discipline TrendFollower\U0001f600 (@SouravSenguptaI) July 12, 2020
Also liberty of tagging @WeekendInvestng
& @Trendmyfriends whome, I consider as best TF in India
Slightly length..But do read it
I am following very simple trading plan based mainly on RSI and ADX.
— Dr.Jignesh Shah (@bankniftydoctor) January 27, 2019
Now whenever we wants to initiate trade then firstly we have to decide BIAS for direction.
BIAS based on RSI as follows-
RSI Above 55-Long.
RSI below 45-short.
RSI between 45-55\u2014- neutral.
Continue
More from Screeners
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