The_Chartist 📈's Threads

The target of Adani Ports for 1010 is still intact https://t.co/bbyfmE3aK2

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 pic.twitter.com/2tVmwddeOX
— The_Chartist \U0001f4c8 (@charts_zone) April 5, 2022

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Will be looking for pennant continuation move post 3050 in the case of Adani Green.

No trigger yet. The chart is still strong

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Your checklist of risk management

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Alkyl Amines - https://t.co/6KxADoW9PF

pic.twitter.com/UFXMvmE3ty
— Ankit (@srivastavankit0) February 27, 2022

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Pulled back from the support nicely. The next hurdle is at 2860

Jubilant Foodworks https://t.co/ZBMsHWfg7R

The selling volumes with indecisive candles tell a lot about the selling pressure. I don't think there are more sellers left in here. It is one of the biggest trades for me and my views may be biased but SL is at a cost now so I lose nothing unless it gaps down.

Jubilant Food https://t.co/M1vLYEsngf pic.twitter.com/5GOCWtgScD
— The_Chartist \U0001f4c8 (@charts_zone) April 7, 2022

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The target opened for Atul Ltd as per the price pattern is 6450

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Island Reversal is a short-term pattern depicted by two gaps roughly at the same level thereby giving it a shape of an island surrounded on two sides by a gap.

Remember - a short-term pattern to trade.

SBI

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Can you anticipate a breakout? Yes, I shared this before in ICICI Bank case. When the price reverses without going lower till the support. This shows the strength of the buyers. Can you see the same structure in Intellect Design?

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

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H&S busted as a chart pattern has been described by Sir Thomas Bulkowski in his work "Encyclopaedia of Chart Patterns". It happens when the price penetrates & closes above the RS. The target is the height of the Head from the neckline projected upwards from the RS.

Adani Green

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I always have a bearish bias for the stocks consolidating below 200 MA - IGL https://t.co/xFdzbT8tqG

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

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Do not check 200 MA on the weekly chart.

200 MA on the weekly chart is 1000 days MA and not 200 days.

To see 200 days MA on a weekly scale - use 40 MA as 1 week has 5 trading days and therefore, 40 MA on a weekly scale is 200 days MA.

A common mistake

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Not many know that Miss Barbara Diamond is the first woman trader on the floor of the Chicago Mercantile Exchange.

Kept this in the "to-read list" to gain a perspective on short-term trading.

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VIX futures (not VIX) hovering near the same level of 36 for a long now.

Bearishness is reflected in high VIX readings & so are the VIX futures contracts.

VIX is a measure of "implied volatility" or "expected volatility"

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Having a long weekend of 4 days - so penned down my thoughts on what helped me in the market for someone who needs a direction. Do give it a read. Thanks. Probably might help you a lot in your

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In a strong counter, always wait for a candle to stop breaching the previous candle's low and look to increase your allocation as the risk is limited.

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%.

NIIT Limited. That often helps in timing our SIP purchases/swing trades. pic.twitter.com/6lB7zNJOFI
— The_Chartist \U0001f4c8 (@charts_zone) March 28, 2022

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Free advice - get out at the breakout failure

~ price doesn't follow through
~ candles have long upper wicks/close near the lows
~ volume on down days - high
~ price comes back with all of the above within the range

This was a 10,000 candidate by many handles

Bayer Cropscience

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Immediately post the market hours:

~ 2-3 hours to scan the charts

1 hr before the market opening:

~ re-visiting the existing holdings
~ revising the SL
~ prioritizing the watchlist in terms of the most promising setups
~ setting the alerts

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I don't use indicators but I am sharing Dr. Alexander Elder's triple screen trading system with you. You can learn from this how-to utilize multiple time frames to further time your purchases.

Two others are:

Martin Prings' KST System
Robert Krausz's Multiple Timeframes

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Candlesticks are always to be combined with the overall price action. Bearish candles right at the resistance zones provide excellent shorting opportunities with the controlled risk.

Pidilite

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Saregama - once the buying force is turned OFF, no amount of +ve news will be able to lift that up. Selling volumes are too high for this counter. https://t.co/9gqhuokhTX

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

Authors The_Chartist 📈