#BERGEPAINT broke down below rounding top, pulled back to neckline & has started declining from neckline again
RSI turning down from 50
If bit sustains below 600, it can fall towards 500 over time

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

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One of the most successful stock trader with special focus on cash stocks and who has a very creative mind to look out for opportunities in dark times

Covering one of the most unique set ups: Extended moves & Reversal plays

Time for a 🧵 to learn the above from @iManasArora

What qualifies for an extended move?

30-40% move in just 5-6 days is one example of extended move

How Manas used this info to book


Post that the plight of the


Example 2: Booking profits when the stock is extended from 10WMA

10WMA =


Another hack to identify extended move in a stock:

Too many green days!

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