Possible Reversal Stocks

Decent fundamentals
High delivery
Near supertrend support.

@mystockedge

A thread on Price action and how to identify stocks showing strong price action.

For me price action is when you answer the What,When,Why,How and Where of price movement of any underlying.

Its a language you use to communicate with the underlying.

Key Parameters thread

1/n

Short term price action is judged when the underlying is crossing precious day high or low. Why last day action is important?Because there are enough short term traders who act at these levels,especially if that day had lots of activities showcased by volume and delivery.

2/n

Monthly high, low, close are again important as the stocks are typically evaluated on monthly basis for mid term performance. Operator building large positions will react when market breaches these critical levels.

3/n

Just like monthly, 52 week i.e yearly data is also critical as a symbolic performance of an underlying for long term actions.

4/n

VWAP literally helps you to judge the behavior of operator. Typically that the price at which operator has build positions. If you combine VWAP with closing, you will be able to judge the probable demand and supply zone of any underlying.

5/n

Stocks with

High Delivery
Increasing Relative Strength and Supertrend turn positive from negative.

Awesome #mycomboscan of @mystockedge

My #FIPA combo scan

Stocks showing good quarterly business performance and strong price action.

One of the most simplistic stock scanning engine for Indian markets is at @mystockedge , its an ATM Machine.

KISS (Keep it Simple)

1. Identify Eagle Stocks from @mystockedge Swing Strategy
2. Make a Watchlist in both @mystockedge and @tradingview
3. Track the price movement and enter the stock when the price showing strength and continue till RS strong

E.g #ALKYLAMINE , what a beauty.

My favorite scan #eagles

Fundanentally good stocks showing strength like an eagle.

Create such readymade simple scans by using mycomboscan feature in @mystockedge

🔥My top #trading videos 📺

1️⃣ VCP pattern https://t.co/IZAf7CIZb4
2️⃣ FinViz stock screener https://t.co/Ua8B8Btch4
3️⃣ RS indicator TradingView https://t.co/4VnqHYYddW
4️⃣ My moving averages setup https://t.co/PDjpIPTGa6
5️⃣ 3 selling techniques