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Guys quick question

Is this pattern 🐂 or 🐻 ??? @anand_luhar

Inverse hammer then hammer pattern again on next 5 min candle

#Jubilantfoodworks

It's the weekend!

Grab a cup of coffee, in this thread I will explain

1. What is index investing?
2. Why S&P 500, Nasdaq 100 and DIJA are different?
3. How to create your own indexes?

Let's dive right in.

You may have noticed at the start of every book, there is a page which lists out various chapters and the page number for each chapter.

This is called the index of contents of the book.

It helps you understand what is where and give you a general idea how to read the book.

Similarly in the world of finance, we have financial indexes that are used to indicate where the overall market is trading.

Is it high or is it low?
Is it cheap or is it expensive?

These questions can be answered by looking at the index.

Fun Fact: The first ever financial index created was the Dow Jones Industrial Average in year 1896

The world created a financial index before cars, airplanes and electricity were the norm!

Stocks in 1896 used to look like this, an index was helpful to understand economy levels

If you want to read more about the history of stock market, you can go through this

@Abhishekkar_ @Traderknight007 @caniravkaria @vivbajaj @VijayThk

A Thread on Rectangle Pattern:-

What is rectangle pattern?

Rectangle pattern also known as trading range, consolidation.We get multi-day, multi-week or multi-month consolidation where price move in range.

How rectangle pattern formed:-

The price should touch two point of resistance and two point of support parallelly to form rectangle pattern. Price move in range line "A " and line "B", line "A" known as resistance or supply, line "B" known as support or demand.

Role of volume :-

If you go through textbook method volume should dry up during the consolidation. But in my experience it is not necessary that volume should dry up there are time when volume get aggressive during consolidation.

Below chart shows how volume get aggressive during consolidation.

Seeing a lot of people making triangles with just 2-3 touchpoints offlate

An ideal triangle shall have at the minimum 5 touchpoints in order to give a good trending move post that

Here are few examples 👇

When market opens gap up/down, i check two stocks always. #HDFC and #HDFCBANK.
In first candle #HDFCBANK gave signal that today is a bulls day.
RR 1:6 on a high volume trade.
#daytrading #NIFTY #NSE #BANKNIFTY

#priceaction #candlesticks

#smallminters

If you look into the #weekly #chart you can see clearly if a #stock is under #accumulation or #distribution.

– If volume is above average and it was an UP week, it's accumulation.

– If volume is above average and it was a DOWN week, it's distribution.

@BlogJulianKomar

💥

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

🎯🎯

#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.

Why 52w/ LTH stocks have no price targets...