My simple Approach towards Breakout trading :

1. Scan stocks on the basis of FTDB Scanner.

2. Buy stocks with EMA-9> EMA-21> EMA-63 > EMA 200 & Volume 200% up

3. maximum SL of 1.25X ( ATR )

4. I do breakout trading only in Nifty -500 stocks

#StockMarket
#trading
#Nifty

My Basic Filter :

If any company with EPS growth > 14% & taking support around EMA-63 , when market is going down big.

Then keep that company under your watchlist & Research in detail.

This is sign of True Market leader..

Stock Market outlook @ 17300

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My Basic Trend Following system :

EMA-9> EMA>21>EMA> 63> EMA> 200.

RSI > 55

Weekly bases - Minimum 4 weeks.

Volume up by 200% .

Some others point to note :

Institutional sponsorship must.
Leading group
Annual Growth > 15 %
Quarterly growth > 15%
PEG <2.5

Survival strategy in Sideways /Bear market :

You have to short bad companies , once the price of the stock close below EMA-63..

Simple & Sweet..

Weekly ATR+ 0.1 % ATR value should be your SL..

It will create huge wealth for you in Sideways /Bear market..

The stocks which are breaking EMA-200 / EMA -63 in this bull market , may be good shorting hedge against my long portfolio & If companies , have these characteristics

~ Poor Management Quality
~ Broken Business Model
~ Less pricing power
~ High Debt
~ GOI Intervention

How you can filter stocks for Intraday trades - 🧵

As a kid, we would do homework before school the next day - you have to do homework here too. A specific sector performs on a particular day and studying things a day before will help you spot that particular sector. (1/11)

To prepare for the next trading day, you got to check the Index charts of all sectors. You got to keep an eye on a specific Index if you see a few factors:

- If any Index closed exactly at the resistance, you can get a trade on either side on the next day. (2/11)

- If it gave a rejection candle at resistance.

- If any Index closed exactly at support, you can get a trade on either side the following day.

- If there was a bullish signal at the support.

- If any Index gave a breakout or breakdown and then gave a good closing. (3/11)

- If any Index has taken support at 50 or 200 EMA.

Once you spot the Index, look at all the stocks in that particular Index. Pick at least 3-4 stocks from that Index and add them to your watchlist for the next day. It's ideal to check both higher and lower timeframes. (4/11)

What you should do next day? (When I am unable to check Indices and stocks a day before, I sometimes directly start with this process.)

- Start with checking the top gainers/losers list. I observe market from 9:15 to 9:45am to check the sectors performing well on that day.(5/11)

Hi folks,

I am sharing my breadth Indicator which I use for market timing.

Sharing it for free to do my part for the community.
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Carnage in broader market is something of a characteristic of the final leg of correction.

Broader market bleeds more than index to scare off the retail from smaller stocks.

Can go on for few weeks.

#INDICATORS
Intraday trading is all about identifying 3 components 1) Trend 2) Direction 3) Momentum
(TDM).
Trend - Developing cpr width
Direction - PivotShiftIndicator
Momentum - PivotRSI.

Just finished devloping color codes for identifying trades based on TDM.