HMK alias MANOJ's Threads | Buzz Chronicles

#HDFCBANK 1441
A possible H & S pattern in weekly chart.
Dropped below 30 week MA as well which is not a good sign. (Week is not yet over).
1350-1375 is the key zone which is the possible neckline if this pattern matearalises. Need to review at that time for further view.

ScorpioManoj
@scorpiomanojFRM

#FreeTip The Art of doing nothing in trading is most effective in case of monthly rectangular breakouts . Longer the rectangular breakouts most effective the breakouts are and the usual targets are 50% of breakout level x (1 + range %) and the time period is usually < 1 year .

HMK alias MANOJ
@scorpiomanojFRM

#PivotShiftIndicator
Those who followed this today would not have gone long in the open.
Both PSI and advance decline momentum were sloping downwards continuously even when the mkt gapped up and kept going up.Trollers might say this as post Mortem. But I made what I can... 😌.

ScorpioManoj
@scorpiomanojFRM

#FreeTip
Wealth Generation Tips through microcap / midcap / small cap / bse stocks.
1) Everyday look at tradingview ATH stocks and 52w high in indian markets. Look individual charts. If u see any pattern breakouts, look if fundamentals supporting using marketsmithindia.
....

....
2) Look at Stocks that moved above 10%/above 5% in BSE website. Look individual charts and do the same thing recommended in 1.
3) Look at NSE and BSE website for bulk deals and block deals. See if any FII institution / MF institution is buying any stocks. If yes, then ...

....
look at the chart and do the same think recommended in 1.
If u do these consistently every day or atleast once a week (during weekends), u can shortlist real gems and proceed further to plan for real entry.
These are some basic homework. Good Luck.

HMK alias MANOJ
@scorpiomanojFRM

#FreeTip
#Positional
How to assess if a stock is too extended? Many find it difficult to assess the matured stage of a very strong uptrending stock.
1 easy way is avoid entering in the 5th base onwards during Stage 2 of the stock. For eg, Base count of #Intellect is in pic.

HMK alias MANOJ
@scorpiomanojFRM

#FreeTip
Some of the past market turns that were signaled by the % stocks above 30 week MA in weekly chart.
In daily there were even more and also the famous feb/mar2020 crash...
Have used N500 as it represents more stocks.

ScorpioManoj
@scorpiomanojFRM

#Happstmnds 1499
Volume drying up continuously for the last 6 days with tight price range in a month long consolidation zone. Building up energy for a nice upmove. Not posted chart . Chart welcome.

ScorpioManoj
@scorpiomanojFRM

#FREETIP
When you are looking at ATH stocks for further research for possible entry, one important thing to note is to concentrate the stocks that has gone up atleast 100% over the last 6 months. This show that there is an evidence of strength. Ignore those below 100% returns.

ScorpioManoj
@scorpiomanojFRM

#FreeTip An intraday pivot trading system rule snapshot for long and short and when not to take the long and short.
Handwritten rule.

ScorpioManoj
@scorpiomanojFRM

#Intellect
See this now and compare it with the associated tweet to identify extended stocks that could potentially prevent u from entering . RS is now negative and at rock bottom levels.

#FreeTip #Positional
How to assess if a stock is too extended? Many find it difficult to assess the matured stage of a very strong uptrending stock.
1 easy way is avoid entering in the 5th base onwards during Stage 2 of the stock. For eg, Base count of #Intellect is in pic. pic.twitter.com/MCxK6vzjT4
— ScorpioManoj (@scorpiomanojFRM) June 11, 2021

ScorpioManoj
@scorpiomanojFRM

#STRATEGY
For new traders who r clueless, an intraday strategy.
In @tradingview search supertrend, u find `supertrend strategy'; inbuilt one. Change input parameters to 10/3 for nifty. This is a continuous strategy. Follow entry signals; Exit if signal is intraday or at 3.15pm.

HMK alias MANOJ
@scorpiomanojFRM

#Indiavix
#FreeTip
Since Jan 2021, Nifty traded t+1 ( for Eg say Tuesday) in the range predicted as per VIX closing on t( for Eg say Monday) , 95 out of 112 trading days. Ie, 85% times. This is an important info for option sellers.

ScorpioManoj
@scorpiomanojFRM

#TATAMOTORS
498
Power of HTF
Monthly chart shows a clear channel pattern throughout the life of TataMotors stock. Indicates some more room ahead till the upper band of the chart for the time being in the coming months. Top of the channel is around 900-1150 zone.

ScorpioManoj
@scorpiomanojFRM

#Technicals
Mkt time in a day 375 min .
Hence anything divisible by 375 should be your intraday timeframe for trading or analysis to have a completeness.
1/3/5/15/25/75/125 minutes tf and of course daily tf.
Eg: 5 - 15 -75 combination for day trading / 1-5-15 for scalping.

ScorpioManoj
@scorpiomanojFRM

#TRADING
#INTRADAY
Free strategy that can be used to trade bnf and nf and make a living.
Divergence at Resistance and Support (DARS)
5 min chart.
PivotShift, Admin, Price + devCPR.
Price makes LL, PSI and / or Admin makes HL, Go long above devCPR n vice versa for shorts.

ScorpioManoj
@scorpiomanojFRM

#FREETIPS
For new followers ...
If u r a pivot based intraday trader, u should have this cheat sheet. Follow this and C. Your wrong trades will reduce considerably. Good luck.

#FREETIPS
Pivot Rules snapshot
A free one page cheat sheet for pivot based trading that could probably be sold for a hefty price ....
Rem: This is just a broad set of rules. There are many advance rules more than this. pic.twitter.com/FnzmGGKx0P
— ScorpioManoj (@scorpiomanojFRM) April 1, 2022

ScorpioManoj
@scorpiomanojFRM

#FREETIPS
Pivot Rules snapshot
A free one page cheat sheet for pivot based trading that could probably be sold for a hefty price ....
Rem: This is just a broad set of rules. There are many advance rules more than this.

ScorpioManoj
@scorpiomanojFRM

#TRADING
#BANKNIFTY Pivot + vwap trading system

A) Short - 1) close less than ema200, prev day vwap, cam l3, floor pivot low; 2) distance between prev day vwap and cam l3 & floor pivot low should not be more than 1.5% (to avoid over extension); 3)vwap less than ema200
OR
--1/n

...................2/n
B) Price high crosses down weekly pivot high.
OR
C) Price crosses down camarilla h3 and candle low is lower than prev candle low.

Position taking between 945 am till 245 pm.

Cover at close or when price crosses 2 std deviations above current vwap or when price crosses weekly pivot low from downwards or when price crosses daily pivot low from downwards.

Backtest results since feb 2019 :
Annual return 43%
Drawdown 2.6%
Profit factor 1.9
Winning trades 50%
Timeframe 5 min chart

Intraday data for Bnf futures not available before 2019 for increasing the sample size.

ScorpioManoj
@scorpiomanojFRM

#FREETIP For new followers
A pivot based intraday trading setup for any markets.

#FreeTip An intraday pivot trading system rule snapshot for long and short and when not to take the long and short.
Handwritten rule. pic.twitter.com/4ijEy7GHgJ
— ScorpioManoj (@scorpiomanojFRM) April 4, 2022

HMK alias MANOJ
@scorpiomanojFRM

#FreeTip
#VIX 1 important assessment that can be drawn from #vix is whether it is relatively safe to sell options; In general low #vix environment is a period that is conducive for option selling. Reason is in pic..

Authors HMK alias MANOJ