#NiftyIT index on daily TF - nearing the resistance area. A nice bullish rejection from 34 EMA last week. This is why I generally love trading with 34 EMA.
@shivaji_1983 @blisstrades @pradytrader1 @ameethvorra @ChartingG @sortingthings @rvgandhi

A small multi time frame system to identify stronger stocks based on RSI/SuperTrend/EMA
@Definedge
Conditions:
a) RSI > 55 < 70 in daily
b) RSI > 60 in weekly/monthly
c) Candle close above SuperTrend(10,3)
d) Candle close above 200EMA in daily and 34EMA in weekly/monthly
+

I have published these scanners in TradePoint Web of @Definedge. These scanners can also be developed in TradePoint Desktop.
1) Run these scanners on Multi Time Frame Scanners
+

Save the qualified candidates (score above 2) to a group for doing further analysis.
+3

Run FusionMatrix on this group to check stronger candidates, Sort on RS-Ranking score and select top candidates. Look for long entries based on your favorite systems.
+4

One example #TATAELXSI on daily charts
RS chart bullish ABC pattern and in Price chart probable bear trap and bullish ABC
(bullish divergence between price and RS charts also)
+5

#RELIANCE futures and 2060 CE trades @PRANAV_DOSHI
#

5 top stocks from relative strength analysis with Nifty50 from F&O universe. I will be looking for pullback and reversal entries or breakout strategies in these stocks
#FusionMatrix
#GNFC and #Adanient are my favorites

#Kotakbank - something is cooking - A study from various angles

1) On candlestick charts - closed above 20days high
#20BarHighScanner

#KotakBank - 2) On Heikin-Ashi charts - giving a HA-bullish reversal

#KotakBank - 3) on Renko Charts - 3% brick size signs of breaking out after pullback and also from support/resistance area

#KotakBank - 4) on P&F charts (medium and short term charts)

#KotakBank - on RS charts with Nifty 50. Stock started outperforming in the index

Made a combo using @mystockedge

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

#Strategy
A simple strategy; Cam breakout strategy; Major rules for longs r morning open above R3; Long when full candle ab R4 and ab 25ema; Exit when price drops bel 25ema or bel R3 or till 3.15. Rev for short. Backtest from 2019 - Profit factor 2.06 / Finer rules confidential.

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)

Gold to dxy has made a double bottom on weekly. Gold is showing a breakout on daily falling trendline.
In the correction everything falls, first to move up is gold, followed by equity

@nishkumar1977 @caniravkaria

For first time Dxy correcting with markets, bearish divergence on dxy charts as well