Seasonality of BN for April - has been the most bullish month

@bbrijesh

Very short term or Btst trader can follow 10.2 in 15 mins as a trial stop loss. Any reversal trade can be taken only if nifty close blow 10.2 in 15 mins for intraday.

@yogeeswarpal I will do either

1.Monthly RSI near 40 ( presently 58)..Did nearly 20 yr backtesting

Or

2 A close above 17350 ( monthly)..This will confirm HH Structure

Levels r as of now

False breakdowns are powerful patterns in bullish scenarios. False breakouts on the other hand are even more powerful.

Stocks with high delivery percentage and quantity and closing above VWAP plus strong price action.

For your tracking.

#MotilalOswal

Credit where it is deserved.

How beautifully @ST_PYI explains in this video the concept of Relative strength & how simple things work in the market.

Looking for stocks making new high amidst this market correction

#tcs trivia:
Last 5/ 5 times, next day after qtrly results, stock had Close < Open.

Island Reversal is a short-term pattern depicted by two gaps roughly at the same level thereby giving it a shape of an island surrounded on two sides by a gap.

Remember - a short-term pattern to trade.

SBI

Americas Greatest stock Opportunity

Source: IBD

Print this and paste it on your #trading desk ⚡️

Your mini TA book.

This kind of a straight line trend is not common... It MAY mean some very large accumulation for some very large entity. We may get to know only later...

#ITC

US #VIX vs #SPX

VIX spikes above 30 are common but print above 45 have marked major bottoms

VIX at 33 today, yet to get there

#SPX AVWAP from pre pandemic High & Pandemic low around 3866-3780 . That's like 6-8% more from here and should provide launchpad for fierce bounce. Tough May & next 2-3 weeks though.

Since many of you'll asked..
I love gapups upon results..I find them v powerful tools esp if they don't get filled over the first 3-5 days.
On the flip side..gapdown breakdowns are something i totally dislike..so i prefer to watch and watch...
DN, Tata Chem, Balaji

This is what a gapup breakout can potentially do..
Tesla's 10-20x move also started with a Gapup...

and before you'll start thinking gaps lead to multi bag moves..do remember..Tesla had fallen 60% before it started its move..
Most of our stocks currently already trading at rich valuations.

And lastly while on the subject of gaps..here is one which did gapdown on high volumes..
One of my biggest winners of 2020..
Never covered the gap and drifted downwards..

Just doing this as hindsight analysis to show visual examples of gapups and downs.

check these links. These are few. many other ones are there

https://t.co/pvpL7Nlw0D
https://t.co/azWOUxcaQw
https://t.co/Z2INuHqfSs
https://t.co/b3y1tCyOuW

52 week Breakout Screener Explained

How to recognise the strong sector?

Widely practised method is that to check the relative strength against the market. Here is the performance of each sector since nifty started falling. We can fairly accurately conclude that, we must look at PSUBANKS, METALS, AUTO

1/11

But how about the sectors such as healthcare, sugar, chemicals etc. These have no respective sector charts. How do u assess the strength in these.

Answer is to check the relative performance. Here is an example chart of health care stocks in NSE500 universe.

2/11

How do u see this?

Majority of the health care stocks are falling below the market. Its just one stock; NArayana Hridayalaya which outperforms the market. Surely its a "DO NOT TOUCH" sector

3/11

Here is how paint industry is faring at present. How do u see this?

Obvious to see majority of the stocks are underperforming the thick blue line (which is Nifty). With such as overal trend, its better to avoid such stocks.

4/11

Here is Beverages stocks & their relative performance to each other & against nifty. Trend is so obvious. Most stocks are falling much lessser than nifty.
In such adverse conditions, hollow stocks with brittle demand are prone to make steep fall. If they do not, its demand

5/11

Not many know that Miss Barbara Diamond is the first woman trader on the floor of the Chicago Mercantile Exchange.

Kept this in the "to-read list" to gain a perspective on short-term trading.