Steve Nison's Threads | Buzz Chronicles

Laurus Labs - nothing wrong till now on charts. Comfortably placed above MA with minor retracements. the Target of 1035 is intact.

Laurus Labs - Initial Target 895

Steve Nison
@nison_steve

Deepak Nitrite - Bought more of them. Weakness below 1820.

Steve Nison
@nison_steve

Hikal - for me a high conviction bet now as buying volumes are high and stock is retesting the support. SL 495. Buy zone 525-535

Steve Nison
@nison_steve

IEX - soaring ahead in terms of business potential. A great platform stock to own. Power trading is only to increase in India.

D: holding in personal portfolio.

Steve Nison
@nison_steve

Syngene - a long route opened. 1%*3 PnF

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@nison_steve

David Larry (2003) - Trading Explosion Breakaway Gaps

How to trade Breakaway Gaps?

First of all - identify a Breakaway Gap by looking at price breaking out with a gap wherein no shares exchanged hands. If you look at the attached chart of NELCO, you can see one on 12th August.

Nest step - wait for few sessions to look for "if the gap is filled or not" and simultaneously look for "PIVOT LOW".

What is pivot low? It is a candle that is surrounded by two candles on either side with higher lows. Ideally, this should be your stop-loss point. Candle 2 is PL

What about the entry? Entry is taken when the right side candle's high next to the Pivot point candle is knocked out. (buy when high of candle 3 is crossed with a stop loss below low of candle 2)

Steve Nison
@nison_steve

@SAnngeri Gujarat Gas - had this beautiful contraction till May 31st pump and thereafter the price moved up. Now, consolidating near 20EMA. Perfect for a low risk-entry set up with a strict SL.

Steve Nison
@nison_steve

Rashtriya Chemicals & Fertilizers RCF -

a chart that caught my attention immediately. My favorite horizontal range with volume contraction. Will wait for breakout/breakdown in this. Lots of big green candles in the range. On radar.

Steve Nison
@nison_steve

IEX Indian Energy Exchange - ⭕️⭕️

although a must-have portfolio stock. Faced resistance right at the upper channel boundary. Volumes high. Any retracement back to the lower boundary will be an opportunity to accumulate. https://t.co/5uDsUXsbPP

IEX - the resistance turning support. Kindly review, please. @nishkumar1977 @suru27 @rohanshah619 @indian_stockss @sanstocktrader @BissaGauravB @RajarshitaS @PAVLeader @Rishikesh_ADX @VijayThk @Investor_Mohit @TrendTrader85 pic.twitter.com/7CCzmee5If
— Steve Nison (@nison_steve) December 18, 2020

Steve Nison
@nison_steve

CDSL - Learning.... ✅✅

I believe 5-10 stocks are enough for a retail investor to achieve super performance. And with small capital, there is no point in buying 20/30 names which doesn't even get appropriate initial capital.

Stock: CDSL

CMP - 516.95. Low risk setup. Weak below 500. Target open. Stock retesting the ascending triangle BO line. Kindly check please. @nishkumar1977 @Rishikesh_ADX @VijayThk @kuttrapali @Thekalal @PAVLeader pic.twitter.com/PlcpOMsdnz
— Steve Nison (@nison_steve) December 16, 2020

Steve Nison
@nison_steve

Tata Elxsi - seems now also a good low-risk trade to me. However, as a cardinal rule would add on the breakout. For 20 MA followers, it is a good point to enter with a SL few percentages below MA.

Steve Nison
@nison_steve

SAIL - I am not holding it as of now. Chart for learning purposes. I always have a bullish bias for a stock in a particular sector that is performing so well.

A typical example of stock taking a pause in between during its upwards journey.

Steve Nison
@nison_steve

Praj Industries - keep on the radar. Price is telling something. Smart money most probably pushing out. Strict SL needed. Volatility contracted.

Steve Nison
@nison_steve

@nishkumar1977 ✅✅💯

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@nison_steve

Laurus Labs - I will look forward to add more of it in my investment portfolio between 570-590 zone as it coincides with my 30 MA principle on weekly chart.

Plan your investments as per your risk appetite.

Steve Nison
@nison_steve

Borosil renewables - Enter if you can. Read the below tweet to understand the concept. The only way you can make money is to follow in the footsteps of smart money till you yourself become a smart operator. 👇👇 https://t.co/RN8sQYzdBg

Borosil Renewables - Patterns like these must be looked at carefully and must be kept on the radar. Herein price is contracting which generally signifies shifting of hands (from weak to strong). If you go wrong, the risk is limited in these. pic.twitter.com/iqyoeslZjy
— Steve Nison (@nison_steve) July 12, 2021

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@nison_steve

I have mentioned before too good material on RS

1. A Book written by Sir @Prashantshah267 as attached
2. Research paper by @MebFaber April 2010
3. A book written by Sir Robert A. Levy as attached
4. Webinar by Sir @premalparekh with @vivbajaj
5. Video by @jfahmy on YT https://t.co/xg4fe09ImL

Hi sir ..can u post some articles or write up on relative strength ,how to use same and what is the criteria .. kindly help
— Nanda (@vk_nandagopal) December 11, 2021

Steve Nison
@nison_steve

Syngene - Double Top triggered today after a triangle breakout. 1%*3 Box size and reversal. https://t.co/pBY2JOwhjN

Syngene - Same concept. Price contraction. Shift from weak to strong hands through repeated volatility contractions. I can well write one whole page explanation on it. Look at the volume pump today. A big hand will never let you ride with him. Make sure you are there at the party https://t.co/RN8sQYzdBg pic.twitter.com/AShKWnQeJt
— Steve Nison (@nison_steve) July 15, 2021

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@nison_steve

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

Steve Nison
@nison_steve

Syngene:

For long term investors - Buy at any dips
PnF Chart (1%*3) Stop loss level - 570 (previous low O's below Anchor column)
Candlesticks Charts - 605 (below gap boundary)

below Anchor column breakout** (ABC)

Authors Steve Nison