More from EquiAlpha -MidTerm Momentum🐎🐎
Please note Screener will help you to reach momentum but you need to see chart & further segregate trends manually (1/n)
Do retweet & like so that it reaches maximum people
Screener 1) +ve ADX DMI Breakout to find out where the action is going on a particular day, you can then look onto stocks and find setups and patterns to trade.
Link - https://t.co/fIKlWSloNw
(1/4)
Screener 2) Going one level more deep into ADX where we find up stocks which are already in trend on weekly
1) Weekly ADX >25 indicating the trend is already there
2) +DMI breaking out
3) Stock within 15% of 52w high
4) Stock above 200 SMA
Link-
Screener 3) This is based out of within 20% of ATH Stocks. I have also added few fundamentals to it. You can change variables according to it
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Screener 4) RSI which is a momentum indicator
RSI breaking out can give you names where momentum is picking up and then you can look onto charts for buy points
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More from Hdfcbank
Something is happening really too bad and worst is yet to come for entire market !!
HDFC bank Monthly Chart :
— EquiAlpha -MidTerm Momentum\U0001f40e\U0001f40e (@equialpha) March 7, 2022
In last 20 years - Only 2 times the stock has gone below 21 month EMA as market. This seems the third time (Monthly close will confirm )
Don't know but something seems off !!
Lets check again on month end pic.twitter.com/9eeVfikdnU
#Hdfc (3190++)
#Hdfcbank (1724++)
#Reliance (2834++)
#ITC (274++) these are "just min. targets"
& many more would move up significantly
@rlnarayanan https://t.co/iVYE1F7l6v
#Nifty 3rd is sub-dividing as in chart:
— Van Ilango (JustNifty) (@JustNifty) October 13, 2021
[1]st: 16396 - 17793 = 1397
[2]nd: 17793-17948-17453 - Irregular flat
[3]rd: 17453+1397=18850 OR
: 17453+1928=19381 OR
: 17453+2096=19549 OR
: 17453+2260=19713 OR
Nothing wrong in projecting till holds "17990"
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These setups I found from the following 4 accounts:
1. @Pathik_Trader
2. @sourabhsiso19
3. @ITRADE191
4. @DillikiBiili
Share for the benefit of everyone.
Here are the setups from @Pathik_Trader Sir first.
1. Open Drive (Intraday Setup explained)
#OpenDrive#intradaySetup
— Pathik (@Pathik_Trader) April 16, 2019
Sharing one high probability trending setup for intraday.
Few conditions needs to be met
1. Opening should be above/below previous day high/low for buy/sell setup.
2. Open=low (for buy)
Open=high (for sell)
(1/n)
Bactesting results of Open Drive
Already explained strategy of #opendrive
— Pathik (@Pathik_Trader) May 27, 2020
Backtested results in 30 stocks and nifty, banknifty.
Success ratio : approx 40-45%
RR average 1:2
Entry as per strategy
Stoploss = Open level
Exit 3:15 PM Or SL
39 months 14 months -ve, 25 +ve
Yearly all 4 years +ve performance. pic.twitter.com/nGqhzMKGVy
2. Two Price Action setups to get good long side trade for intraday.
1. PDC Acts as Support
2. PDH Acts as
So today we will discuss two more price action setups to get good long side trade for intraday.
— Pathik (@Pathik_Trader) June 20, 2020
1. PDC Acts as Support
2. PDH Acts as Support
Example of PDC/PDH Setup given
#nifty
— Pathik (@Pathik_Trader) June 23, 2020
This is how it created long setup by taking support at PDC.
hopefully shared setup on last weekend helped. pic.twitter.com/2mduSUpMn5