Authors The_Chartist 📈
So far doing good. 2000 is the level I would be looking for. https://t.co/j1kiKRSx0y
GOLD - 1 9 2 7 from 1 8 5 0
— The_Chartist \U0001f4c8 (@charts_zone) February 24, 2022
No indicators, nothing. Understand the language of the price. https://t.co/l6pEGD7r6D pic.twitter.com/JWZjlTLSBF
Russell 2000
It is better if you spend considerable time learning these concepts. https://t.co/caBHOO4Owa
TRAPS? In a false breakout, the price breaks out of the range & comes back within the range. A trap is one step ahead, price not only comes back within the range but breaks down in the opposite direction. It traps the initial longs who didn't close their positions
— The_Chartist \U0001f4c8 (@charts_zone) January 22, 2022
Russell 2000 pic.twitter.com/txzjdnStzc
USDINR - a breakout that will not bode well for the equities
78+ https://t.co/AWqZxF5B1L
Can you anticipate a breakout? Yes
— The_Chartist \U0001f4c8 (@charts_zone) June 10, 2022
the attached tweet.
now the chart is for USDINR https://t.co/Vb2wKaCvTB pic.twitter.com/INo0GC4fGY
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.
— The_Chartist \U0001f4c8 (@charts_zone) December 14, 2021
What makes it interesting is support is also 200 MA which adds another confluence point https://t.co/Tx52lzy9ZV pic.twitter.com/Cq67WNCHS3
Sir Edwards & Magee discussed sloping necklines in H&S in their classical work. I am considering this breakdown by Affle as an H&S top breakdown with a target open of 770.
— The_Chartist \U0001f4c8 (@charts_zone) May 25, 2022
The target also coincides with support at the exact same level. pic.twitter.com/n84kSgkg4q
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
Some went into the watchlist and some were actionable where my few long positions are already open.
— The_Chartist \U0001f4c8 (@charts_zone) December 25, 2021
What am I looking at in the charts? Flat base formation breakouts/Pullbacks/Trendline support. Keep it simple. Ex attached.
29/95 for further funda scans. P<100 (I don't trade) https://t.co/y4PKUBrA44 pic.twitter.com/e9cvcrKsnu
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
This exercise will tell you about your inherent strengths & weaknesses. 👇👇
How to record a trading journal (TJ) & what to analyze?
— The_Chartist \U0001f4c8 (@charts_zone) December 14, 2021
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
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
