Pullback Trading Strategy

Stock Selection: Stock under major uptrend with higher swing highs and lows since last one year
Trade location: Pullback to 20SMA after making a higher high
Trade set up: Candlestick Reversal Pattern with high Volume
SL: <20SMA of low
Target: Breakout

If u are looking to enter a scrip just before the breakout
what would u look for?
How would u identify scrips just before breakout?

Here are a few pointers
Carefully understand the them and use at ur own discretion
(All comments r compiled from a question i posed)

1/23

Price is testing the same resistance repeatedly since long.
But now in recent times it's forming multiple candles near the same resistance with low volume.
Observe it and see for opposite move.
As soon as u get a positive candle, get in to it.

2/23

1. Volume buildup (vol > when resistance point created) along with, increase in OI, increase in delivery % on HTF
2. On LTF, price stalling around breakout area for at least 1-2hr.
3. No major events.

3/23

Stock reaching breakout LVL with HL-HH
Contraction of price and volume near it especially near 20 days ma.
If there is any breach of the latest HL it should be followed by a bullish candle with good volume.
Left side of the chart has a rally with a very steep slope of ma.

4/23

Number of wide range green bars with high volumes.
If stock is at its ATH then it adds more conviction bcz there wont b supply after that point

Consolidation below the resistance, volume of the candles & strong bullish candle closing at near highs just below the resistance

5/23

If u know how ATR, RSI, Bollinger Bands etc. are constructed,
what exactly are they measuring,
how does it disagree with price at times,
how it responds to various trend phases etc
U probably would reckon that indicators works as much as price or volume.

Do u know them well??

Which book u mentioned here. Book by the Bollinger himself?
There are quite a few resources describes it better. Just go through the following link
https://t.co/slmKEjT6g6

Here is a thread of all the stocks i have kept in watchlist over this weekend upon which i have made immediate tradeplan. All charts are posted with the logics behind it.

Price under compression and revisited the exhaution gap where it found demand
#kotakbank

1/17

Price went abv the VAH with high momentum and fell back to take support of it. It looks to have bounced off there. Ideally it should continue go north from here
#marico

2/17

price found excellent demand upon the reversal of polarity
#bajfinance

3/17

price made a double bottom pattern and rallied to breakabv the first resistance. It took a minor puase and looks ready to go up from here
#gujgasltd

4/17

finding demand upon testing the past resistance level which broke few days back #bajajfinsv

5/17

The Darvas Box Trading Strategy
A Detailed Thread 🔖 + 1 Book Give Away !

Rules For Giveaway :
Follow @JayneshKasliwal
🔄Retweet and
♥️ Like this Tweet
One Lucky Winner will be Selected
#StockMarket #darvasbox

About Darvas :
In the late 1950s, Nicolas Darvas was one half of the highest paid dance team in show business.
Darvas turned a $36,000 investment into more than $2.25 million in a three-year period.
1/n

It was on a two-year tour of the world that he initially developed his ‘Darvas Box’ method of screening stocks – a method of picking stocks based on the stock’s price and volume .

Read more About his life :

Trading Style :
TREND FOLLOWING MOMENTUM TRADING
📌Darvas was tracking stocks only making new high
Trading stocks breaking 2-3 year high.
📌But 52-week high is mostly tracked for this theory
📌Emphasized very much on Huge volume Breakouts

A typical Darvas Box Chart :
3/n

Rules to Follow :
Stock Price Should be within 15 to 20 % of Highs
Overall trend of the stocks should be up and greater than 200 ema
Preferably 100% up then the 52 week low
Look for Industry Leaders , with High Growth
4/n

#FreeTip To understand y htf is important and to understand LTF is a function of htf, best way is to open an LTF chart (25/15/5 min) and zoom out ( minimize) the charts to have a birds eye view . Compare it with htf chart ( 75min / daily) . You can understand the significance.

#FNO stocks for tom intraday trading 07/09/21
Camarilla squeeze strategy.

4th consecutive month of Negative returns on Nifty has Always been Major Bottom for Nifty.

We already had 3 mnt -ve so far

(Mar 20: 3rd consecutive -ve mnth)
Feb-19: 3rd
Dec-16: 4th
Feb-16: 4th
Aug-13: 3rd
Nov-08:3rd
Nov-01:4th

Just see the bounce from there !
Wats your view?

@Prakashplutus Gold price is inversely related to the bond yields.

Higher the bond yield lesser the #Gold
#US02Y