#ADANIPOWER a perfect contraction in volatility happening here for the last 9 months.

The first drop was more than 50%, followed by a 30% and a 20% drop. This is getting really tight on the weekly charts.

Volumes have been monstrous in recent weeks!

#stockideas #trendlines

This weekend scanner results! Do you know how simple this scanner is?

Just CCI(34) crossing 100 on weekly TF, marketcap>500, volume greater than 50,000, and price>10.

What else do you need?

All-in-one chart that has everything you need to about trading cash stocks!

- How to enter
- How to define stop loss
- When to pyramid
- When to exit

Focus on big base breakouts & if this works even for 30-40% of your trades, you will make decent returns!

Retweet if you❤️it!

@nishkumar1977 @ca_mehtaravi @BlogJulianKomar @rohanshah619 @nid_rockz @vivbajaj @Trendmyfriends @Atulsingh_asan Would love to know how you ride major trends!

It took me 10+ years & more than 1000+ hours of practice…

to master these 5 IMPORTANT RULES WHILE DRAWING TRENDLINES 🎯

These simple rules, if mastered, can help one spot HIGH PROBABILITY TRADES!

Ready to learn?🤓

Let’s go🧵…

1⃣ Trendlines are zones and not a single line!

- Due to volatility in price, many times prices tend to spike on both sides
- So, consider trendlines as zones from multiple swing highs(include wicks) to get the best fit trendline
- Your winning probability increases with zones

2⃣ Trendlines with more touchpoints

- Any trendline with 3 or more touchpoints is a very significant one
- The price points around significant trendlines are important & should be watched

Observe the commentary in the Nifty chart below

3⃣Trendlines on higher Time Frame are more significant

- A trendline on the 15 min chart will be easily broken than a trendline on the daily
- A shorter time trendline break might just mean a consolidation phase before the price moves up again resuming the larger trend

4⃣ The steeper the trendline the more likely it will break

- The less steep the trendline angle, the more significant it is & more likely to be respected.
- Any trendline with an angle greater than 30° is steep & likely to be broken before the previous trend continues.

There are 1000s of indicators in Technical Analysis...

But you need to MASTER ONLY ONE🎯to win in markets...

I selected 'Commodity channel index' (CCI) as my PRIMARY INDICATOR & all my scanners are a variation of this...

MULTI TIMEFRAME POSITIONAL STRATEGY using CCI...🧵

1⃣ CCI Basics

• CCI > 100 = Bullish and overbought
• CCI < -100 = Bearish and oversold

2⃣Entry criteria

• CCI(34) on Weekly crossed above 100
• CCI(34) on Daily >100
• Entry: above weekly swing high
• Stoploss: Recent swing low on daily chart

3⃣Exit criteria

• CCI(34) on Daily < -100
• Holding period: Few days to many months

Pyramiding your winners should be considered to make your winners big.

Separate post on this to follow.

4⃣ Why trade on a multi-timeframe?

• This is a top-down approach where we observe the larger trend of the stock before we take entries on the smaller or medium trend of the stock. This concept can be compared to tides in the sea.

#ADANIPOWER : 143.2 : Cnh structure breakout with volume accumulation over last 7 weeks ...volatile in nature fundamentals ...high growth high debt ...

🐯🐯🐯🐯

#ADANIPOWER all figured out...😃

#ADANIPOWER (D)
- Ascending triangle breakout
- Strong bullish momentum
- Trading in a HH-HL Structure
- Massive Volume buildup
- Buy above 145
- Stoploss 130 (DCB)
- Target 155/167/172/190+
- TF - 2-4 Months
#Investing

Hare Krishna
🙏🙏🙏🕉️

#ADANIPOWER fresh breakout above rounding above rounding bottom, RSI & MACD strong
Sustaining above 345, stock may rally towards 435

#stock #stocks #StockMarket
Not trading call, academic post

NSE:ADANIPOWER 124.00

-Stock perfectly moved 70 to 124 level as per rectangle pattern
-Now Support is near 90 Level
-Next level which will play important role in the future is 140 level
-Volume and price buildup saying stock may reach to 140 resistance level!