Steve Nison's Threads | Buzz Chronicles

HIL Limited - how many times it gave you the opportunity screaming to be bought. And every time you must have ignored it because you missed the initial few points at the first breakout level?

Try to catch the strongest counters at the next consolidation with strict SL.

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@nison_steve

Gujarat Gas - I will be going long in this with SL at green bar low marked up. Reason? A retest of 50MA with low volumes. Minimal risk as I am too near to the danger point.

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@nison_steve

Tata Elxsi - Scallops are most common but I found them rarely in Indian stocks.

More on scallops by Thomas Bulkowski here 👇

https://t.co/DAZAWXbnJu

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@nison_steve

Birlasoft - how beautifully the channels are formed and respected. Live example. Was an easy play for 8-10% move. Taking singles & double are equally important when you see low risk trades.

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@nison_steve

Tata Elxsi @ 500 - Gann theorist ( Target: 250)
@ 900 - Auto sector slowdown
@ 1500 - overvalued
@ 2500 - PE is extremely high
@ 3500 - other options avaialble
@ 4500 - market is insane

Heading to 5000 - will hear the new narrative.

The market is an interesting place to watch.

$The_Chartist \U0001f4c8$

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@nison_steve

PI Industries - A textbook H&S. Why? Because in an H&S pattern, the volume peaks at left shoulder. The volume diminishes at the head which is the first warning signal. Thereafter, the stock is unable to form a fresh high at RS at even lower volumes leading to a breakdown.

Steve Nison
@nison_steve

Balaji amines - slowly heading towards the second target of 3640 now after completing the previous one of 3450. https://t.co/p5Z67ErtIk

Balaji Amines - Double top buy active on 1%*3 PnF. pic.twitter.com/GNiSblg8TL
— Steve Nison (@nison_steve) July 25, 2021

Steve Nison
@nison_steve

Laurus Labs - ⭕️⭕️⭕️

still no selling whatsoever. A strong point to accumulate further as the risk is minimum. at 20 EMA. Selling candles have fewer volumes.

Steve Nison
@nison_steve

LEARNING ⭕️

Saregama - Simple MA strategy working well. A price constantly testing 20 EMA and bouncing back is the one that is in a strong uptrend. If you miss any one of the strongest stocks during a breakout, observe its reaction as it comes near 20 EMA again and hunt it down.

Saregama - \U0001f3b9\U0001f3b6\U0001f3bc\U0001f3b5

Will it respect the 20 EMA again? So far, no serious selling. Price coming down with negligible volumes. pic.twitter.com/CEB6OTJssd
— Steve Nison (@nison_steve) July 14, 2021

Chart attached

$The_Chartist \U0001f4c8$

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@nison_steve

#Google The bullish setups often retrace/consolidate to regain further strength for an upmove. If you notice here, the stock is moving up with too many unfilled gaps indicating immense strength of the buyers.

$The_Chartist \U0001f4c8$

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@nison_steve

HDFC Bank - for ultra conservative traders. Breaking out.

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@nison_steve

IRCTC - Learning?

Runaway Gaps are traded like flag & pennant patterns. The price move before the gap is projected upwards for the price target. Here the target comes out to be 3230. https://t.co/QuKrekfHG3

IRCTC - A perfect pullback on low volumes after a high volume breakout. Low-risk setup. Weak below 2015 pic.twitter.com/jSHBlEhkE0
— The_Chartist \U0001f4c8 (@nison_steve) June 9, 2021

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@nison_steve

Polyplex Corporation - Often price targets play the role of resistance especially when there is no overhead resistance for the stock. A perfect example in this case.

$The_Chartist \U0001f4c8$

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@nison_steve

LTTS - sign of a strong counter. https://t.co/a3XLGYRKQQ

LTTS - now time for this. https://t.co/NqLWMJZWMq pic.twitter.com/wktNGYRuxr
— The_Chartist \U0001f4c8 (@nison_steve) August 18, 2021

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@nison_steve

Calculate the total loss you will face in trading portfolio if all SLs are hit if market goes against you.

Select an appropriate strike to buy a Put option left with considerable expiry to hedge your portfolio. Hedging through options is one area which retail investors ignore

$The_Chartist \U0001f4c8$

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@nison_steve

Ultratech Cement - Moving up nicely. My target for this: 9000-9100.

SL 7650 https://t.co/KKnf6a6xlH

Nifty 100 stocks near BO or a few % up/down from BO levels:

1. Ultratech Cement
2. Reliance
3. Nestle
4. Abbott India
5. ICICI Lombard
6. IGL
7. Indigo
8. LT
9. Muthoot Finance
10. United Spirits
— The_Chartist \U0001f4c8 (@nison_steve) September 2, 2021

Steve Nison
@nison_steve

Deepak Nitrite - Learning?

If you are a complete beginner to the market, try to pick 20 stock charts you will see daily. Over a period of time, you will understand their character better than watching 200 charts randomly.

Steve Nison
@nison_steve

HDFC - might pull back till 2620. A good risk-reward setup with a SL below 2560. I have entered with 2.5% capital only as large caps have a tendency of slow moves.

$The_Chartist \U0001f4c8$

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@nison_steve

Tata Power - no one was reading my tweet back then but I was still sharing my charts after I joined Twitter.

Otw to 235 & 285 https://t.co/JgvNjKT3al

Tata Power - perfect for fresh long. Weak below 70. @nishkumar1977 @suru27 @rohanshah619 @indian_stockss @sanstocktrader @BissaGauravB @RajarshitaS @PAVLeader @Rishikesh_ADX @VijayThk @Investor_Mohit @TrendTrader85 pic.twitter.com/dfrFtr4yi9
— The_Chartist \U0001f4c8 (@nison_steve) December 18, 2020

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@nison_steve

Dabur - How often do you see scallops? This one is a rare chart. They confirm the strong uptrend but Dabur is still the slow-moving one, however, with the added advantage of providing stability to your portfolio.

Authors Steve Nison