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The price picked up towards crossing the horizontal level of 3290 but couldn't hold up.
Got rejected from the wick at 3365; Now the range of 3290-3365 must be broken to head higher towards 3500+
If it fails to do so; We might just see range-based action.
#StockMarket https://t.co/aRKvpy5Eyl
#HDFCAMC
— Gurleen (@GurleenKaur_19) September 6, 2021
Broken past the negative slope of lower highs. Observing the price structure, even the volumes have started picking up and are an increasing pace.
Going further; The script looks good for heading higher. #StockMarket #StocksInFocus pic.twitter.com/OiVwXGh9ee
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Covering one of the most unique set ups: Extended moves & Reversal plays
Time for a š§µ 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
The stock exploded & went up as much as 63% from my price.
— Manas Arora (@iManasArora) June 22, 2020
Closed my position entirely today!#BroTip pic.twitter.com/CRbQh3kvMM
Post that the plight of the
What an extended (away from averages) move looks like!!
— Manas Arora (@iManasArora) June 24, 2020
If you don't learn to sell into strength, be ready to give away the majority of your gains.#GLENMARK pic.twitter.com/5DsRTUaGO2
Example 2: Booking profits when the stock is extended from 10WMA
10WMA =
#HIKAL
— Manas Arora (@iManasArora) July 2, 2021
Closed remaining at 560
Reason: It is 40+% from 10wma. Super extended
Total revenue: 11R * 0.25 (size) = 2.75% on portfolio
Trade closed pic.twitter.com/YDDvhz8swT
Another hack to identify extended move in a stock:
Too many green days!
Read
When you see 15 green weeks in a row, that's the end of the move. *Extended*
— Manas Arora (@iManasArora) August 26, 2019
Simple price action analysis.#Seamecltd https://t.co/gR9xzgeb9K