I just noticed the selling by informed insiders on the chart. And here you have the news with a LC.
Ignore the charts at your own peril
Jubilant Foodworks https://t.co/E1C2eWrPHp
Jubilant Foodworks - The first thing I ask myself before jumping in is if the selling has been absorbed/exhausted. How?
— The_Chartist \U0001f4c8 (@charts_zone) March 4, 2022
~ price will fall down with fewer volumes
~ or price will stop forming fresh low
Till these conditions are met - NO SIP/no lump sum pic.twitter.com/FeJC849EYu
Jubilant Foodworks - updated chart https://t.co/mH1TTqHbcq
Post the capitulation move, I am anticipating an ascending triangle breakout in Jubilant Foodworks however the buy is not triggered yet. That target open would be 667.
— The_Chartist \U0001f4c8 (@charts_zone) April 21, 2022
Ascending triangles also act as key reversal patterns. https://t.co/M1vLYEsngf pic.twitter.com/f06rbJhLaq
Saregama - you must analyze this chart for why it failed. A normal pullback is still OK but retracement on high volumes is not a healthy sign at all. that too with breaking below a key 50 MA. https://t.co/gKJQtbkaio pic.twitter.com/iG9FGc70ue
— The_Chartist \U0001f4c8 (@charts_zone) March 16, 2022
Repeating - the max. move is in catching them before the BO. At the point where the maximum selling is absorbed. This is called the pivot point. The least risk entry point. The best R:R you get @ pivot
India Glycols https://t.co/ntimbgEoQr
India Glycols - a flat line breakout. Need a good volume confirmation here. pic.twitter.com/gbeloUQjAC
— The_Chartist \U0001f4c8 (@charts_zone) March 28, 2022
PS - conservative traders always wait for the BO https://t.co/o79tNRd9Fo
ICICI Bank #NSE - Can you anticipate a breakout? If you look at point 1,2&3 on the chart in rectangle formation, you will notice the buyer is willing to pay a higher price. The demand zone is shifting upwards which signifies the weakness of sellers & a potential BO to the upside. pic.twitter.com/urGbGz643N
— The_Chartist \U0001f4c8 (@charts_zone) July 23, 2021
NIIT - a new high https://t.co/o9Sv2yT5m5
One application of Fibonacci is to look for the retracement level in the strongest stocks. A strong stock must not retrace below 38%.
— The_Chartist \U0001f4c8 (@charts_zone) March 28, 2022
NIIT Limited. That often helps in timing our SIP purchases/swing trades. pic.twitter.com/6lB7zNJOFI
I posted this chart of IGL last month & waited for the trigger. It never got activated & fast forward it to today, the stock is almost down 25% from the previously shared levels. https://t.co/LYzRsOwyO4 pic.twitter.com/ChDx79HQAx
— The_Chartist \U0001f4c8 (@charts_zone) January 31, 2022
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.
— The_Chartist \U0001f4c8 (@charts_zone) March 18, 2022
Anyone observing it would have gone aggressive at lower end for a swing move pic.twitter.com/YqxkdFlJXQ