Steve Nison's Threads | Buzz Chronicles

HIL Limited - how many times it gave you the opportunity screaming to be bought. And every time you must have ignored it because you missed the initial few points at the first breakout level?

Try to catch the strongest counters at the next consolidation with strict SL.

Steve Nison
@nison_steve

Tata Elxsi - all-time high again. A lot to learn from this chart. ✅ https://t.co/IooKK2EYpy

Tata Elxsi (W) - near to the resistance zone again 5th time. @nishkumar1977 @suru27 @rohanshah619 @indian_stockss @sanstocktrader @BissaGauravB @RajarshitaS @PAVLeader @Rishikesh_ADX @VijayThk @Investor_Mohit @TrendTrader85 @jitendra_stock pic.twitter.com/aIC5kO8XqA
— Steve Nison (@nison_steve) December 18, 2020

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Gujarat Gas - I will be going long in this with SL at green bar low marked up. Reason? A retest of 50MA with low volumes. Minimal risk as I am too near to the danger point.

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HDFC Bank - you may consider it to be a rectangle BO or a saucer BO, however, in both the cases the targets opening up are the same.

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Jubilant Ingrevia - Key learning?

It is important to analyse the strength of the breakout. If the price does not continues the move in 1 or 2 sessions and candles show long upper wicks, it is better to bring the SL closer. Distribution sign.

Will be helpful in next breakouts. https://t.co/AtZOj4bKeT

Learning: Strong breakout

1. Breakout candle will have no upper shadow or extremely less compared to the body
2. Volumes will be high (to avoid retailers to enter & also big hand absorbing all the selling)
3. Pullbacks will be rare/very less
4. Happens after a long consolidation pic.twitter.com/YTHDOnEdxo
— The_Chartist \U0001f4c8 (@nison_steve) July 2, 2021

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Is there any platform where I can get an RS number/RS rating for any stock compared to the benchmark?

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Birlasoft - how beautifully the channels are formed and respected. Live example. Was an easy play for 8-10% move. Taking singles & double are equally important when you see low risk trades.

Steve Nison
@nison_steve

HDFC - might pull back till 2620. A good risk-reward setup with a SL below 2560. I have entered with 2.5% capital only as large caps have a tendency of slow moves.

Steve Nison
@nison_steve

LEARNING ⭕️

Saregama - Simple MA strategy working well. A price constantly testing 20 EMA and bouncing back is the one that is in a strong uptrend. If you miss any one of the strongest stocks during a breakout, observe its reaction as it comes near 20 EMA again and hunt it down.

Saregama - \U0001f3b9\U0001f3b6\U0001f3bc\U0001f3b5

Will it respect the 20 EMA again? So far, no serious selling. Price coming down with negligible volumes. pic.twitter.com/CEB6OTJssd
— Steve Nison (@nison_steve) July 14, 2021

Chart attached

Steve Nison
@nison_steve

LTI - A small trade. Buy till 4700. SL 4375. Target: 5460

R:R ratio = 2.34

Plan positions accordingly. Might retest 4500 levels so safe traders can wait for a pullback.

Steve Nison
@nison_steve

Deepak Nitrite - Learning?

If you are a complete beginner to the market, try to pick 20 stock charts you will see daily. Over a period of time, you will understand their character better than watching 200 charts randomly.

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LTTS - sign of a strong counter. https://t.co/a3XLGYRKQQ

LTTS - now time for this. https://t.co/NqLWMJZWMq pic.twitter.com/wktNGYRuxr
— The_Chartist \U0001f4c8 (@nison_steve) August 18, 2021

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7 times since 1998, we had a fall of more than 25% on Index level.

The min and max time period b/w 2 subsequent falls was 16 months & 45 months.

If you can not digest the fall of 25-40% once every 3-5 years, you shouldn't own stocks. Prepare for the worse & invest for the best

Steve Nison
@nison_steve

Ultratech Cement - Strong counter with constant consolidations during an up move.

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#Google The bullish setups often retrace/consolidate to regain further strength for an upmove. If you notice here, the stock is moving up with too many unfilled gaps indicating immense strength of the buyers.

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Impact of crude oil on various sectors…

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Tata Elxsi @ 500 - Gann theorist ( Target: 250)
@ 900 - Auto sector slowdown
@ 1500 - overvalued
@ 2500 - PE is extremely high
@ 3500 - other options avaialble
@ 4500 - market is insane

Heading to 5000 - will hear the new narrative.

The market is an interesting place to watch.

Steve Nison
@nison_steve

Alert in Tata Elxsi - with stock forming H&S at top. I would exit with the break of the neckline. It needs to cross the dashed line for H&S failure. My SL at 4030. https://t.co/rO4f8hkPFF

Tata Elxsi - Daily I track this chart and waiting for a big kill in this. You have to act like a cheetah sometimes waiting for the weakest hit.

There are times when you must sit patiently to catch your prey. pic.twitter.com/CRoBHIetHE
— Steve Nison (@nison_steve) August 10, 2021

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Tata Elxsi - Target of 6163 as per PnF chart achieved. https://t.co/wykvClQnMf

Tata Elxsi - DTB active after close above 4527.75 https://t.co/rO4f8hkPFF pic.twitter.com/hEzlfLlI1b
— The_Chartist \U0001f4c8 (@nison_steve) August 17, 2021

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Divis Labs - How often do you see the hunger for more from a large-cap stock. Any base formation and the subsequent breakout is a perfect opportunity to add these names.

SAnngeri Authors Steve Nison