Steve Nison's Threads | Buzz Chronicles

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

$The_Chartist \U0001f4c8$

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.

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.

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.

$The_Chartist \U0001f4c8$

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@nison_steve

Is there any platform where I can get an RS number/RS rating for any stock compared to the benchmark?

$The_Chartist \U0001f4c8$

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@nison_steve

Radico Khaitan - getting interesting with the current squeeze above 20 EMA. Weak hands are booking profits.

SL 840

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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.

$The_Chartist \U0001f4c8$

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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

Steve Nison
@nison_steve

#Infosys #NSE - another example of a stock in an uptrend. Consolidating nicely during its upwards journey. Giving multiple trading opportunities on the way for a short-term trader. For an investor, holding it till the weight of the evidence signifies trend reversal.

Steve Nison
@nison_steve

LTI - A small trade. Buy till 4700. SL 4375. Target: 5460

R:R ratio = 2.34

Plan positions accordingly. Might retest 4500 levels so safe traders can wait for a pullback.

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

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@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

Alert in Tata Elxsi - with stock forming H&S at top. I would exit with the break of the neckline. It needs to cross the dashed line for H&S failure. My SL at 4030. https://t.co/rO4f8hkPFF

Tata Elxsi - Daily I track this chart and waiting for a big kill in this. You have to act like a cheetah sometimes waiting for the weakest hit.

There are times when you must sit patiently to catch your prey. pic.twitter.com/CRoBHIetHE
— Steve Nison (@nison_steve) August 10, 2021

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Impact of crude oil on various sectors…

$The_Chartist \U0001f4c8$

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@nison_steve

Nazara - why you shouldn't sell your winners https://t.co/Gvd1jBaoks

Nazara - Route for 2370 & 2580 will open up if the BO is successful https://t.co/wIcXTXTqCv
— The_Chartist \U0001f4c8 (@nison_steve) September 14, 2021

$The_Chartist \U0001f4c8$

The_Chartist 📈...
@nison_steve

LTTS - I am too much focused on finding these narrow zones (highlighted in ellipse) right near the confluence of 20 &/OR 50 MA. These are the regions of strong accumulation to push out weaker hands.

Steve Nison
@nison_steve

Ultratech Cement - Strong counter with constant consolidations during an up move.

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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

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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

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.

Authors Steve Nison