Moving Averages I use:
200 MA - for uptrend/downtrend classification
> 50 MA - strong uptrend and never going down below it
> 20 MA - and bouncing back from it - Super-strong counter
More from The_Chartist 📈

Borosil Renewables - Patterns like these must be looked at carefully and must be kept on the radar. Herein price is contracting which generally signifies shifting of hands (from weak to strong). If you go wrong, the risk is limited in these. pic.twitter.com/iqyoeslZjy
— Steve Nison (@nison_steve) July 12, 2021

Syngene - Same concept. Price contraction. Shift from weak to strong hands through repeated volatility contractions. I can well write one whole page explanation on it. Look at the volume pump today. A big hand will never let you ride with him. Make sure you are there at the party https://t.co/RN8sQYzdBg pic.twitter.com/AShKWnQeJt
— Steve Nison (@nison_steve) July 15, 2021
USDINR - a breakout that will not bode well for the equities
78+ https://t.co/AWqZxF5B1L

Can you anticipate a breakout? Yes
— The_Chartist \U0001f4c8 (@charts_zone) June 10, 2022
the attached tweet.
now the chart is for USDINR https://t.co/Vb2wKaCvTB pic.twitter.com/INo0GC4fGY
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
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Beautifully read: why bookselfies are all over Instagram https://t.co/pBQA3JY0xm
— Guardian Books (@GuardianBooks) October 30, 2018
THEY DO READ THEM, YOU JUDGY, RACOON-PICKED TRASH BIN

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In appreciation, here are some of my favourite bookstagrams of my books: (photos by lit_nerd37, mybookacademy, bookswrotemystory, and scorpio_books)
