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.

$The_Chartist \U0001f4c8$

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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.

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.

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@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.

$The_Chartist \U0001f4c8$

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

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

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@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

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@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

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@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.

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@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