#FreeTip
Some of the past market turns that were signaled by the % stocks above 30 week MA in weekly chart.
In daily there were even more and also the famous feb/mar2020 crash...
Have used N500 as it represents more stocks.

#FreeTip Most of the stocks after coming out of a base moves 20%-25% after which it starts consolidating to form another base. So ideally book profits at 20%-25%.Only exception is when a stock goes up 20% within 3 wks of breakout,in which case hold for min 8 wks. O Neil Rule.

#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.

#Tool
Inside Day + Inside Week + Inside Month Candle pattern filter in Chartink. These stocks have high chances of breaking out / down.
Use at your own risk. Not specifically tested. Logic is based on common

#MCDOWELL_N
853.
6 year rectangular breakout in monthly chart at 820
Longer the rectangular base, more prospects waiting for the price.
Any pullback is a good buy for a medium term perspective as long as it stays above 775.
Can look to buy around retest zone 820-830. 8% stop.

#FreeTip If 1-2 days before earnings if you observe a otherwise nice uptrending that passes trend template criteria, down 3-5% with low volume (5-10 day low), it is most likely retail panic selling before results and chance of upmove increases .

(1/n) Some notes from my trading journal – A thread
With this thread I shall attempt to explain how I select my trading picks.

I have learn't this concept from @markminervini 's books. Hope it helps.

#Trade #Investment #invest #StockMarket #stocks #india

(2/n) Stock trading above 200 and 50 DMA

Buy high to gain higher. CMP above 50 Day Moving Average (DMA) and 50 DMA above 200 DMA signifies the stock to be in an uptrend. This is an uncompromisable rule. @ZerodhaVarsity @zerodhaonline
#stocks

(3/n) Volume

Volume is the key factor. The stock should show clear signs of accumulation. Generally, accumulation should happen over multiple periods of time. Attached image in the case of #BALAMINES can be used as an eg.
@ZerodhaVarsity

#stocks #StockMarket

(4/n) Surge

A stock should be bought either when it’s in stage 2 or when it’s forming a base after a surge. Surge is an upward move in a stock. The best trades are those when a huge surge happens in a very short time frame. Eg #FILATEX
@ZerodhaVarsity

#stocks #StockMarket

(5/n) Consolidation

After a good surge, a stock generally consolidates. This means the stock is in its resting period and will trade only in a range. This phase will be coupled with volume dry up. Tight range with low volumes are the best setups. @ZerodhaVarsity
#stocks

Stocks below EMA( 9, 21,63 ), these stocks are avoid for us, till the time they are below EMA-63

~Bandhan Bank
~Astra Zen
~APLL
~ Amara Raja
~ Escorts
~ Hero Moto
~ Indus Tower
~ M& M Fin
~ Petronet
~ Zeel

Universe : Nifty -500

@Prakashplutus
@preetiplutus

T-1 Psychology behind the formation of a candle - personally I feel that if one is aware of psychology behind the formation of candle than chart starts talking to you. So, here I am starting my journey of 🧵 with how actually candles form. Small but important for beginners 👇

Hammer - formed at the end of downtrend, opened sellers pushed the prices down, buyers came & pushed the prices up & close the candle above the OP. Shadow formed twice of body. Also observed at trend line & support zone. 👇

Shooting Star - formed at the end of uptrend, opened buyers pushed the price up, sellers came & pushed the price down and make candle close below the OP. Both hammer & shooting star should always be traded with the confirmation from next candle. 👇

Bullish Engulfing- formed after a downtrend. Price opened below the previous candle, buyers came and form a big green candle above the previous candle high if both candles merge can form a hammer. 👇

Bearish Engulfing- formed after a uptrend. Price opened above the previous candle, sellers came & form a big red candle below the low of previous candle. Merging of both form a shooting star. 👇

Bull Market Rotation: We all have heard about bull market rotation over last few months. 

Let's see how it looks. Below is the comparative chart of IT (candlestick chart) vs Metals (blue line chart). Let's see how it has moved from March'20 bottom till now. 

(1/4)

1) March'20 to July'20: Both going up but IT clearly outperforming metals during the period.

2) July to Aug: IT consolidating, metals outperforming.

3) Aug to Oct: IT moving up, metals under retracement.

(2/4)

4) Oct to Nov: Tables turning again in favour of metals.

5) Nov to Jan: Both moving up, but IT outperforming.

6) Jan to May: Metals outperforming IT after some initial retracement in first few weeks of Jan. Since last week of Jan to May, it's been all metals.

(3/4)

7) May to July: IT again leading, with metals consolidating.

Let's see how it turns from here.

(4/4)

💥

Do you want to check if you are holding earnings compounding machine in less than 3 seconds?

Load 10 years monthly chart...and if it's broadly 45°, most likely you are holding a compunder...

Check for your portfolio companies, now..

Power of #TechnoFunda #investing

🎯🎯