Having a long weekend of 4 days - so penned down my thoughts on what helped me in the market for someone who needs a direction. Do give it a read. Thanks. Probably might help you a lot in your

Syngene - a long route opened. 1%*3 PnF

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This is in response to the question by @unseenvalue

If I had to buy 1 stock today, anywhere in the world, no avg. up or down, 5 year holding period (I will make that as 10 year for thesis to play out)

Since I track mainly Indian equities, restricting the choice to this space

Few points to look for
1. Strong macro tailwind rather than headwind, huge growth runway for company/segment. It can't be in a niche space & demand must not be easily substitutable
2. Strong Biz Model, high growth curve (15%+ over the period), strong ROE profile (hurdle rate 20%)

3. Low or no leverage, efficient capital allocation, (read minimal or zero fresh dilution requirements), strong cash flows and correspondingly high dividend payout ratios (consistent dividend history) and finally strong moat and with limited regulatory involvement / no reg issues

4. Promoter quality and intention must be beyond reproach, proven management with skin in the game
5. Capability to manage disruption, and if possible to even profit from it. If you can't be disrupted easily, you will eventually adapt your game to gain scale

6. There must be a possibility of non-linear growth if the scale-up hypothesis gets proven right. It's like an FD with low fixed return plus significant upside optionality. Multiple revenue streams / margin levers / IP that can provide non linearity in growth

#CPR is an indicator which is used for #Intraday in Stock Market.

This learning thread would be on
"𝙐𝙨𝙚𝙨 𝙤𝙛 𝘾𝙋𝙍"

Like❤️& Retweet🔁for wider reach and for more such learning thread in the future.

Also, an investment strategy is shared using CPR in the end.

1/24

Central Pivot Range (CPR) acts like a magnetic level for any stock/index. Traders use it for intraday but it works on higher time frame as well.
CPR is just the three lines which is like a magnet and price approaches these levels. CPR acts like a support or resistance.

2/24

What are these three lines now?

𝗣𝗶𝘃𝗼𝘁 = (High + Low + Close)/3
𝗕𝗖 = (High + Low)/2
𝗧𝗖 = (Pivot – BC) + Pivot

For intraday chart use previous day candle HLC. Similarly, for Daily Chart it would be Monthly HLC. For Weekly/Monthly Chart use Yearly HLC.

3/24

This indicator is available on Zerodha Kite (web version) and it works well there. It's also available in @tradingview but setup needs to be done based on the time frame.

Images are shared for CPR setup of both the terminals (Zerodha and Tradingview).

4/24

CPR can be used in finding trend.

If CPR is moving up for the next day, then trend is up. If CPR is moving down for the next day, then trend is down.

Some examples for both:
In the below chart of Nifty (5 mins), CPR is moving down and price is also in downtrend.

5/24

Making a watchlist of stocks,
- Open ~= Low
- Trading above 100/ 200ema
- Better relative strength
- Near important Fibonacci retracement levels
- Trading above weekly SuperTrend

@ChartinkConnect will help you make this

PGEL
AIAENG
NBVENTURES
SUMICHEM
ROLEXRINGS
CREDITACC
BDL

These are some names that popped up in the scanner.

Let me know which stocks you are tracking.
Did anyone take a fresh entry?

#Nifty

What are some hidden gem indicators on @tradingview platform ?

I like TL enhanced Volume Indicator