More from Professor
You may modify & fine tune this as per your own criteria like adding RSI or ADX or other indicators. https://t.co/FdiPG1c4s0
Bhai, can you please educate us, how do you find the breakout stocks? I mean which scanner? Any inputs would be much helpful.
— Loyalty Respect (@Novicetrader99) October 1, 2021
Here I will share what I believe are essentials for anybody who is interested in stock markets and the resources to learn them, its from my experience and by no means exhaustive..
First the very basic : The Dow theory, Everybody must have basic understanding of it and must learn to observe High Highs, Higher Lows, Lower Highs and Lowers lows on charts and their
Even those who are more inclined towards fundamental side can also benefit from Dow theory, as it can hint start & end of Bull/Bear runs thereby indication entry and exits.
Next basic is Wyckoff's Theory. It tells how accumulation and distribution happens with regularity and how the market actually
Dow theory is old but
Old is Gold....
— Professor (@DillikiBiili) January 23, 2020
this Bharti Airtel chart is a true copy of the Wyckoff Pattern propounded in 1931....... pic.twitter.com/tQ1PNebq7d
As per Normal Distribution 68% of the time movement is with 1% SD Limits.
For 95% pf the times movement is within 2% SD limits.
And its only 0.3% of the times that movement exceeds 3 SD.
Since 95% covers a lot of ground that's why 2SD is considered to be a a safe range for most events.
The farther we move from the average, chances of occurrence go down. This is what Taleb sahab calls Tail risk, because it lies in the tail of the standard distribution curve.
Normal distribution occurs everywhere. See this
The Galton Machine shows order from randomness. Each ball bounces left or right at random, 12 times, but together where they fall can be predicted - the normal distribution. This one made by: https://t.co/oI9wOGq7nG pic.twitter.com/VQtVu66OSE
— Tom Stafford (@tomstafford) April 19, 2018
Bollinger Band, which is a very popular indicator has a setting of 2SD. Because its expected that 95% of the time moves will be confined to 2SD limits.
When we say that price is at upper/lower Bollinger band, we are saying that it has reached 2 SD limits and likely to reverse.
Now coming to current scenario, open Nifty daily chart and apply two bollinger Bands on it.
First with default setting and in second change settings to 3 standard deviation.
Crossing 3 SD boundary means that Nifty is now in very rare territory where it has been only 0.3%
More from Asianpaints
It has string resistance at 3200, so fresh up-move will be confirmed only when it opens above 3220-3230 levels
#ASIANPAINT
#DKBPositional https://t.co/Q6fTbK5VHM
Asian Paints also at crucial support line, bulls desperately need a reversal here, else it'll go in hibernation..... pic.twitter.com/VTfaMfpHXs
— Professor (@DillikiBiili) October 21, 2021
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He's STILL in charge of the Mueller investigation.
He's STILL refusing to hand over the McCabe memos.
He's STILL holding up the declassification of the #SpyGate documents & their release to the public.
I love a good cover story.......
The guy had a face-to-face with El Grande Trumpo himself on Air Force One just 2 days ago. Inside just about the most secure SCIF in the world.
And Trump came out of AF1 and gave ol' Rod a big thumbs up!
And so we're right back to 'that dirty rat Rosenstein!' 2 days later.
At this point it's clear some members of Congress are either in on this and helping the cover story or they haven't got a clue and are out in the cold.
Note the conflicting stories about 'Rosenstein cancelled meeting with Congress on Oct 11!"
First, rumors surfaced of a scheduled meeting on Oct. 11 between Rosenstein & members of Congress, and Rosenstein just cancelled it.
Rep. Andy Biggs and Rep. Matt Gaetz say DAG Rod Rosenstein cancelled an Oct. 11 appearance before the judiciary and oversight committees. They are now calling for a subpoena. pic.twitter.com/TknVHKjXtd
— Ivan Pentchoukov \U0001f1fa\U0001f1f8 (@IvanPentchoukov) October 10, 2018