The_Chartist 📈's Threads

Apollo Hospitals and a clear breakdown. Although the signal came much earlier with a false breakout. Now is the second best exit.

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@charts_zone

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

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@charts_zone

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.

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@charts_zone

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

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@charts_zone

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

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

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@charts_zone

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

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@charts_zone

Jubilant Foodworks - The first thing I ask myself before jumping in is if the selling has been absorbed/exhausted. How?

~ price will fall down with fewer volumes
~ or price will stop forming fresh low

Till these conditions are met - NO SIP/no lump sum

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@charts_zone

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"

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@charts_zone

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

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@charts_zone

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

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@charts_zone

Can you observe now that it has made a fresh high?

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

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@charts_zone

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

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@charts_zone

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

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@charts_zone

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

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@charts_zone

I highlighted the big selling volumes for you. Did I know the CEO will resign? No.

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?

~ 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
— The_Chartist \U0001f4c8 (@charts_zone) March 4, 2022

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@charts_zone

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

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@charts_zone

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

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@charts_zone

Your checklist of risk management

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@charts_zone

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

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@charts_zone

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

Authors The_Chartist 📈