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.
2/n
My System for momentum tradingš§µ:
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
1/n
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.
2/n
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.
n/n
More from Learner Vivek Bajaj
This thread will give you access to all our FREE initiatives till date.
1. https://t.co/bPnddzO9NR is India's largest repository of interviews conducted by me, of real market participants.
2. https://t.co/QvERyyhWaE has A2Z of learning related to Trading.
1/n
3. https://t.co/f4yiFFxQ2p for learning basics of Options Trading
4. https://t.co/u56DYdqQAC for comprehensive text modules on Finance in simple school level language
5. https://t.co/dKr2tfcKI1 for practical value added learnings
2/n
6. @mystockedge , simple and effective research tool for serious market participants who want to do-it-on-their-own
7. https://t.co/PgELBirufd for useful market insights.
And more coming soon.
3/n
We have done fair bit of work in democratising financial education and financial data plus analytics in India by making them affordable and effective. Our Free initiatives are powerful and extremely value adding for:
Beginners
Traders
Investors
4/n
N/n
Premium offerings are meant for next level workings. You should checkout all the advance work we are doing in both @elearnmarkets and @mystockedge to make sure that your financial market journey takes the right path of wealth creation.
Follow both the handles for details.
1. https://t.co/bPnddzO9NR is India's largest repository of interviews conducted by me, of real market participants.
2. https://t.co/QvERyyhWaE has A2Z of learning related to Trading.
1/n
3. https://t.co/f4yiFFxQ2p for learning basics of Options Trading
4. https://t.co/u56DYdqQAC for comprehensive text modules on Finance in simple school level language
5. https://t.co/dKr2tfcKI1 for practical value added learnings
2/n
6. @mystockedge , simple and effective research tool for serious market participants who want to do-it-on-their-own
7. https://t.co/PgELBirufd for useful market insights.
And more coming soon.
3/n
We have done fair bit of work in democratising financial education and financial data plus analytics in India by making them affordable and effective. Our Free initiatives are powerful and extremely value adding for:
Beginners
Traders
Investors
4/n
N/n
Premium offerings are meant for next level workings. You should checkout all the advance work we are doing in both @elearnmarkets and @mystockedge to make sure that your financial market journey takes the right path of wealth creation.
Follow both the handles for details.
Eagle Stocks:
The stocks that are outperforming the market, have their own strength and are capable of flying above all other stocks far higher.
This thread is the list of Eagle Stocks from my Combo scan using @mystockedge
If you like the list retweet for benefit of others.
https://t.co/k4mbQCM638
https://t.co/BQKa0e4tS3
https://t.co/r0OQQaNRhS
https://t.co/LYCH6vDV0g
The stocks that are outperforming the market, have their own strength and are capable of flying above all other stocks far higher.
This thread is the list of Eagle Stocks from my Combo scan using @mystockedge
If you like the list retweet for benefit of others.
https://t.co/k4mbQCM638
https://t.co/BQKa0e4tS3
https://t.co/r0OQQaNRhS
https://t.co/LYCH6vDV0g
More from Screeners
Time for a new thread on the possibilities I am looking for.
Do read it completely to understand the stance and the plan.
1. The moving average structure - Many traders just look at the 200 ma test or closing above/below it regardless of its slope. Let's look at all the interactions with 200 ma where price met it for the first time after the trend change but with 200 ma slope against it
One can clearly sense that currently it is one of those scenarios only. I understand that I might get trolled for this, but an unbiased mind suggests that odds are highly against the bulls for making fresh investments.
But markets are good at giving surprises. What should be our stance if price kept on rising? Let's understand that through charts. The concept is still the same. Divergent 200 ma and price move results in 200 ma test atleast once which gives good investment opportunities.
2. Zig-Zag bear market- There are two types of fall in a bear market, the first one is vertical fall which usually ends with ending diagonals (falling wedges) and the second one is zig zag one which usually ends with parabolic down moves.
Do read it completely to understand the stance and the plan.
This thread will present a highly probable scenario of markets for the upcoming months. Will update the scenario too if there is a significant change in view in between.
— Aakash Gangwar (@akashgngwr823) May 15, 2022
1/n https://t.co/jfWOyEgZyd
1. The moving average structure - Many traders just look at the 200 ma test or closing above/below it regardless of its slope. Let's look at all the interactions with 200 ma where price met it for the first time after the trend change but with 200 ma slope against it
One can clearly sense that currently it is one of those scenarios only. I understand that I might get trolled for this, but an unbiased mind suggests that odds are highly against the bulls for making fresh investments.
But markets are good at giving surprises. What should be our stance if price kept on rising? Let's understand that through charts. The concept is still the same. Divergent 200 ma and price move results in 200 ma test atleast once which gives good investment opportunities.
2. Zig-Zag bear market- There are two types of fall in a bear market, the first one is vertical fall which usually ends with ending diagonals (falling wedges) and the second one is zig zag one which usually ends with parabolic down moves.
