Stocks that are bullish have the characteristics that they continue to make new highs. One of the best ways to identify such stocks is to look out for the stocks that are in the 25% range of all-time high levels.
IN TRADING, THE TREND IS YOUR FRIEND!
Buying a weak stock and Selling a strong stock is a crime in trading.
Sharing 3 SIMPLE methods that a buyer can use to identify strong stocks in an uptrend and increase the probability of success.
Sharing screeners link to help you out!
Stocks that are bullish have the characteristics that they continue to make new highs. One of the best ways to identify such stocks is to look out for the stocks that are in the 25% range of all-time high levels.
Investors can use 200 EMA on the weekly time frame and any stock that is above it can be considered as a strong stock in investment.
Pidilite is above 200 EMA since 2010 and it has created enormous wealth for investors.
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Traders can use 200 EMA on the daily time frame and any stock that is above it can be considered as a strong stock in investment.
Screener Link: https://t.co/OdhkEtn8H4
There are two trends that can be identified using Dow theory.
Uptrend: Price forming Higher Lows and Higher Highs
Downtrend: Price forming Lower Highs and Lower Lows
In Asian Paints charts, we can see how previous high is breaking and lows are getting shifted upward which means a stock is strong.
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These are going to be very simple yet effective pure price action based scanners, no fancy indicators nothing - hope you liked it.
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52 Week High
One of the classic scanners very you will get strong stocks to Bet on.
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Hourly Breakout
This scanner will give you short term bet breakouts like hourly or 2Hr breakout
Volume shocker
Volume spurt in a stock with massive X times
Data says 81% of people trade these patterns incorrectly, and you might be one of them.
Read now or regret later:: A complete guide on Top 5 chart patterns in this thread 🧵:
1/ Rounding Bottom:
Rounding Bottom or U Pattern or Saucer all are one and the same with different names and it is a bullish
Trading on chart patterns is difficult, Until you see this:
— The Chartians (@chartians) August 6, 2022
Free Technical Analysis course (1/10) \U0001f9f5
2/ Cup and Handle:
A bullish technical pattern that is very popular in Technical
Trading on chart patterns is difficult, Until you read this ! \u26a1\ufe0f
— The Chartians (@chartians) August 21, 2022
Everything about Cup and Handle Pattern
Free Technical Analysis course (2/10) \U0001f9f5
3/ Ascending Triangle:
Ascending triangle is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing
Trading on chart patterns is difficult until you read this !\u26a1\ufe0f
— The Chartians (@chartians) August 28, 2022
Everything about Ascending Triangle Pattern
Free Technical Analysis course (3/10) \U0001f9f5
4/ Head and Shoulder Pattern:
It is one of several top patterns that signal an upward trend is nearing its
Trading on chart patterns is difficult, Until you read this ! \u26a1\ufe0f
— The Chartians (@chartians) October 9, 2022
Everything about Head and Shoulder Pattern
Free Technical Analysis course (4/10) \U0001f9f5
More from Catagory trading
Scanners for ALL TYPE OF TRADERS
Thread on scanners 🧵
If you find it useful hit a RETWEET so it can reach many traders who are searching for good scanners.
FYI - I have not created any of the below scanners and i have only tried to gather and complied various scanners at one place so it can be useful for many traders.
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Open =High , Open = Low scanner
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Stocks above pivot point resistance level
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Stock above pivot open
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Data says 81% of people trade these patterns incorrectly, and you might be one of them.
Read now or regret later:: A complete guide on Top 5 chart patterns in this thread 🧵:
1/ Rounding Bottom:
Rounding Bottom or U Pattern or Saucer all are one and the same with different names and it is a bullish
Trading on chart patterns is difficult, Until you see this:
— The Chartians (@chartians) August 6, 2022
Free Technical Analysis course (1/10) \U0001f9f5
2/ Cup and Handle:
A bullish technical pattern that is very popular in Technical
Trading on chart patterns is difficult, Until you read this ! \u26a1\ufe0f
— The Chartians (@chartians) August 21, 2022
Everything about Cup and Handle Pattern
Free Technical Analysis course (2/10) \U0001f9f5
3/ Ascending Triangle:
Ascending triangle is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing
Trading on chart patterns is difficult until you read this !\u26a1\ufe0f
— The Chartians (@chartians) August 28, 2022
Everything about Ascending Triangle Pattern
Free Technical Analysis course (3/10) \U0001f9f5
4/ Head and Shoulder Pattern:
It is one of several top patterns that signal an upward trend is nearing its
Trading on chart patterns is difficult, Until you read this ! \u26a1\ufe0f
— The Chartians (@chartians) October 9, 2022
Everything about Head and Shoulder Pattern
Free Technical Analysis course (4/10) \U0001f9f5