The_Chartist 📈's Threads

May please read the attached tweet once again for a key LEARNING

USDINR - a breakout that will not bode well for the equities

78+ https://t.co/AWqZxF5B1L

Can you anticipate a breakout? Yes

the attached tweet.

now the chart is for USDINR https://t.co/Vb2wKaCvTB pic.twitter.com/INo0GC4fGY
— The_Chartist \U0001f4c8 (@charts_zone) June 10, 2022

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Especially when a lot of stocks have flown higher & the index is near resistance, I would be observing the chart closely if it breaks out all of a sudden or retraces back a bit. If it is a retracement - that would give another opportunity to trade a few auto names.

Nifty Auto

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Siemens India

Rectangle target open is 2880 https://t.co/uELR7H2YA4

Siemens India - strong bullish candles are the early indicators of a bullish breakout.

Rectangle pic.twitter.com/88XzecpEWx
— The_Chartist \U0001f4c8 (@charts_zone) July 5, 2022

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Adani Ports - the 42 weeks of price consolidation in a symmetrical triangle has decisively broken out for the open target of 1010 https://t.co/vGyAGlwKCw

Adani Ports - updated chart. Fast forward & the stock is almost at the same level. However, the symmetrical triangle met its target exactly and became a part of a major triangle.

What makes it interesting is support is also 200 MA which adds another confluence point https://t.co/Tx52lzy9ZV pic.twitter.com/Cq67WNCHS3
— The_Chartist \U0001f4c8 (@charts_zone) December 14, 2021

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Globus Spirits - pattern X target open is 680

Now, you can well recognize the pattern X after hundreds of tweets on this.

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Jubilant Food

The major sell-off on huge volumes couldn't take it below Mar 7th low. The sell-off to my best analysis is capitulation wherein even the last bull has sold. I don't see any further selling pressure.

The risk is till March 7th low. The gap will act as a minor Res.

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Power grid and an upward sloping channel working in here.

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Jubilant Foodworks - that is how trendlines are validated. Price taking support for the third time on a trendline at work since 2017.

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H&S tops with ascending necklines are easy to trade for the reason of their premature signals. Even if you don't know the name of the pattern, you can simply gauge that your stock is unable to form a fresh high & broke down with declining volumes

Apollo Hospitals - target 2990

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@charts_zone

The chart pattern working on a larger timeframe gives a broad perspective on the direction of the security and is easy to trade once you get a breakout. the easy way is to set the price alert & make money elsewhere.

Axis Bank

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@charts_zone

What my simple analysis showed was the decadal breakout in making in #Gold along with the outperformance over S&P500 #SPX

Result?

1850$ to 2070$

Updated chart https://t.co/l6pEGD7r6D

Most interesting chart:

Orange line = Gold
Blue Curve = Gold/S&P 500

Previously the ratio crossed 50 days MA in Feb' 20 with Gold giving a breakout on the charts. The previous cross of 50 days MA didn't result in gold breaking out. pic.twitter.com/HRG1fvsILp
— The_Chartist \U0001f4c8 (@charts_zone) February 12, 2022

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Tata Elxsi - IH&S continuation breakout done.

Target opened as per the pattern is 8900 https://t.co/nRqYqPnPB3

Tata Elxsi - I waited for the trigger today but to no avail. The setup is still the best with price consolidating right in the RS zone. Waiting for the breakout till then no action. pic.twitter.com/LnOPswWgAp
— The_Chartist \U0001f4c8 (@charts_zone) March 16, 2022

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@charts_zone

Just one basic filter will save a lot of your money. If the price falls below 200 days MA and it is sloping down - avoid any buys till the MA flattens up & the stock forms a higher low or just wait for initial move to prove itself & buy when MA starts sloping up

Lupin

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The chart signals an upcoming violent move. I may be wrong but the risk is getting too low in here. Keep an eye out.

Holding this from lower levels - the reason being capitulation.

Jubilant Foodworks https://t.co/M1vLYEbkef

The selling climax is accompanied by volume bars of such magnitude that I highlighted in the chart. In almost all cases, they signify that even the last bull has thrown in the towel & there is no further selling left. Will observe in this case.

Jubilant Food pic.twitter.com/j7bGSdhkRW
— The_Chartist \U0001f4c8 (@charts_zone) March 15, 2022

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@charts_zone

Also, you must be vigilant here because in these cases 50 MA and 200 MA act as a strong resistance. However, both the resistance zone and the 50 EMA are getting in closer. Confluence zone.

Jubilant Foodworks https://t.co/oarPRnT0Vk

The chart signals an upcoming violent move. I may be wrong but the risk is getting too low in here. Keep an eye out.

Holding this from lower levels - the reason being capitulation.

Jubilant Foodworks https://t.co/M1vLYEbkef pic.twitter.com/TVXZKo028g
— The_Chartist \U0001f4c8 (@charts_zone) April 18, 2022

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@charts_zone

Tata Elxsi - I waited for the trigger today but to no avail. The setup is still the best with price consolidating right in the RS zone. Waiting for the breakout till then no action.

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@charts_zone

The channel formation is still unhindered. A beautiful price pattern at work in ITC. For investors, the best way is to add when the price comes near the lower boundary. https://t.co/2Nw9fLQPsm

ITC - how beautifully the price patterns work. All of a sudden an increased momentum right from the support of the channel boundary. Has a minor resistance to nail down in the middle.

Anyone observing it would have gone aggressive at lower end for a swing move pic.twitter.com/YqxkdFlJXQ
— The_Chartist \U0001f4c8 (@charts_zone) March 18, 2022

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Mahindra & Mahindra - updated chart

A bullish flag pattern right after the breakout. Although the broader rectangle target of 1190 is way more than this bullish flag target https://t.co/wdAzb7SS7L

Interesting chart of Mahindra & Mahindra consolidating in a rectangle pattern & the price not falling back to the lower support. pic.twitter.com/GJ7rCfkB9f
— The_Chartist \U0001f4c8 (@charts_zone) May 26, 2022

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@charts_zone

You are seriously missing a lot of information if you are not maintaining a trading journal. It is much better if you also take a snap of the charts you trade for the post-analysis.

This exercise will tell you about your inherent strengths & weaknesses. 👇👇

How to record a trading journal (TJ) & what to analyze?

What is in a TJ?

Buy Date
Stock Name
The time frame you analyzed (D/W/M)
Long/Short?
Buy Price
SL
Sell Price
Risk took (% of capital)
Sell date
No. of days held
P/L
P/L as % of capital
Buy Reason?
Invested capital/trade pic.twitter.com/WnrvmYuOV0
— The_Chartist \U0001f4c8 (@charts_zone) December 14, 2021

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The_Chartist 📈...
@charts_zone

HAL - this one chart will teach you a lot of stuff

~ Price pattern target or upward sloping resistance?
~ Power of IH&S as a continuation pattern on a long term scale
~ Logarithmic chart that shows up this trendline as resistance while normal does not

Anyways - a strong counter

SAnngeri Authors The_Chartist 📈