New combo scan by me using @mystockedge

Stocks with amazing quarterly results and strong price action.

Keep them in your watchlist, especially in falling markets.

A thread on Price action and how to identify stocks showing strong price action.

For me price action is when you answer the What,When,Why,How and Where of price movement of any underlying.

Its a language you use to communicate with the underlying.

Key Parameters thread

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Short term price action is judged when the underlying is crossing precious day high or low. Why last day action is important?Because there are enough short term traders who act at these levels,especially if that day had lots of activities showcased by volume and delivery.

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Monthly high, low, close are again important as the stocks are typically evaluated on monthly basis for mid term performance. Operator building large positions will react when market breaches these critical levels.

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Just like monthly, 52 week i.e yearly data is also critical as a symbolic performance of an underlying for long term actions.

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VWAP literally helps you to judge the behavior of operator. Typically that the price at which operator has build positions. If you combine VWAP with closing, you will be able to judge the probable demand and supply zone of any underlying.

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Made a combo using @mystockedge

Strong stock
Long position on fri
High delivery on fri
High cash volume on fri

Simplest short term momentum combination. Stocks that can give small movement with breakout.

My System for momentum trading🧵:

1. Stock Identification:

Daily and Weekly Delivery Analysis using @mystockedge
Theme Confirmation using Internet and Network

2. Stock Confirmation:

Relative Strength of a stock visavis market using RS55 model listed in @mystockedge

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3. Stock Participation:

Only when chart showing short term breakout along with RS55>0 and RSI>50. I am ready to leave some initial movements.

4. Position buildup:

Every time the stock gives a breakout from the previous swing high add more position and go all-in.

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5. Stock Exit:

I run two portfolios: Short term Swing and Long term Swing.

For Exit in Short term swings, I use a 2hourly Chart with super trend and RS. I am using @tradingview for the same.

For long term swing, I exit when the RS of the stock goes below 0. Period.

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Promoters buying scan at @mystockedge

Link https://t.co/jCQpQY0P6D

𝗦𝘁𝗼𝗰𝗸 𝗦𝗰𝗿𝗲𝗲𝗻𝗲𝗿𝘀 🚀🚀

All my screeners in one place.

I like to keep it simple, so use just a few basic screens. And a lot of manual chart reading.

(Thread 🧵, read on...)

Trend Template for Momentum Stocks

My main screen which I run every weekend to prepare my watchlist.

Link -

Near All-Time-High (ATH)

My auxiliary screen that I generally use when the trend template is generating too many candidates, and I need to zero in on the very best.
(Happens usually during strong up trending market)

Link -

Relative Strength (RS) List

My utility screen which I usually run at times when the market is experiencing general weakness within a longer term bull market, or during a bearish phase.

Gets me stocks holding up the best in the general weakness.

Link -

A lot of websites provide you with data for trading.

However, I liked the free website of Icici Direct the most.

Here is a breakdown of what it can do: 🧵

Collaborated with @niki_poojary

Advantages:

1. Quantitative Analysis in one place
2. Easy to find stocks where action taking place
3. Find the exact price levels at which OI is being added.

You can check out this free website by clicking on this

Where is the action taking place?

For eg, Nifty Heatmap Can easily scan for:

- Long Build up = Price Up and OI up
- Long Unwinding = Price Down and OI down
- Short Buildup = Price Down and OI up
- Short Covering = Price Up and OI down

Price levels of OI being added:

• Check 15 mins Built-up in any stock
• Can find Intraday Bullish and bearish trend
• Eg of IBUL who was down 5% on Friday. Short Built-up had started in the morning itself.
• Shows the quantities which are being traded in those intervals.

Time Intervals:

• There are 25, time intervals available every day.

• If a stock has to go up or down a lot it will be heavily dominated in these time intervals.

• IBUL had 10 times short built up on Friday. -5.79 %

• ITC had 14 long built-ups on Friday. +2.6%.

Screeners helps trader in saving lot of time in filtering best stocks out of 5000+ listed stocks.

Here is the list of top 7 Free Strategy and its respective screeners that I use:

Also, last screener is my favorite to pick early momentum stocks.

1/ Golden Crossover:

Golden Crossover of 20 EMA above 200 EMA is a good strategy used by the trader. This screener will help you in identifying stocks that has given golden

2/ CCI Momentum:

CCI is a good indicator to find out stocks that are bullish and are in momentum. I had already shared a thread on the same.

This screener will help in identifying stocks for which CCI has crossed above

3/ Bullish Engulfing:

Bullish Divergence is a setup used by contrarian traders.
This screener will help in identifying stocks in which bullish divergence is

4/ Bearish Engulfing:

Bearish Divergence is a setup used by traders to take contra trades.
This screener will help in identifying stocks in which bearish divergence is

New MyComboScan with new parameter VWAP

These major stocks have shown high delivery yesterday and also price action combined with VWAP is showing Strength.

A thread on these stocks.