BC MACD

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Van Ilango (JustNifty)
@JustNifty 4 years, 10 months ago 1113 views

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Why does a stock not go up or sustain gains despite "Day" Trend indicator (Macd) displays +ve div & moves higher ?
Why does another stock with similar Macd set up go up & sustain it's gain & even makes ATH
What is being missed here?
How to choose a stock that will sustain gains ?

Oftentimes, in our rush to study many stocks, we miss the most important & "elementary" factor.

A simple one, "IF" not taken seriously, we end up with a stock that promises but does not deliver and miss the one that has the potential.

Know this & you'll be on the winning side🙂

Why ?
Always give weightage to "higher t/f".
Here, when you look at a Day chart, check to see what the week says.
#Hdfc week says, it's weak, trending down & below the trigger.
So does, #nifty50
When week Macd is down & below trigger, Day Macd being up will have not much impact.

How ?
When you give weightage to "higher t/f" & then look at Day chart, you align with higher force
#Tataconsum week says, it's strong, trending up & above the trigger
So does, #Tatasteel
When week Macd is up & above trigger, Day Macd being up will align with higher divine forces

Give weightage to "higher t/f" & then look at Day chart, aligning with higher force
When week Macd is up & above trigger, Day Macd being up will align with higher force
Following list(out of 50 being followed) shows strong, trending up, Neutral & Weak, trending down
Choose wisely

Deliberately omitted
Neutral, though Trend indicator is UP in week t/f. One needs to take profits quickly in #ITC trades as they tend to disappear quickly.
Wait for Hour trend indicator to turn up from deep oversold zone to get a LRHR trade. Scrip would come to life above 218-222

Such a gap down gave great intraday trading ops. in IT stocks, Cement & few FMCG.
Strongly trending stocks got bought into promptly.

More from Van Ilango (JustNifty)

Van Ilango (JustNifty)
@JustNifty

@chartmojo #Asianpaint
Price & Time correction seems concluded and a fresh upmove has commenced.
Holding 2990, a LRHR trade possible here.

Van Ilango (JustNifty)
@JustNifty

@MaverickAmit01
His simple mechanical system of MACD multi t/f with 4 Hour setting seems to remove whipsaws & is producing amazing result with #Nifty

Experience speaks - you listen and adopt

Develop patience to wait for such good set up. Now trail your SL once price has gains https://t.co/jC8tcrZ0Cv

Book mark this and revisit every day or every week till you get it right as a trader. Coming from an experienced trader like @MaverickAmit01 , it's priceless.
Wish we had it when we started out.\U0001f64f https://t.co/0NYKqedy9w
— Van Ilango (JustNifty) (@JustNifty) July 31, 2021

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Van Ilango (JustNifty)
@JustNifty

A morning star was spotted in one of the highly traded #Nifty50 stock in week t/f.

Van Ilango (JustNifty)
@JustNifty

Macd is the simplest & most reliable indicators available. Macd uses Moving Averages & turn them into momentum indicator by subtracting longer MA from shorter MA. The subtracted value when plotted forms a line that oscillates above & below zero, without any upper/ lower limits.

Using shorter Moving Average (5 & 10) will produce a quicker, more responsive indicator (fast macd), while using longer MA (12 & 26) will produce a slower indicator (Slow macd), less prone to whipsaws.

Macd measures the difference between two Exponential Moving Averages (EMAs).

A +ve Macd indicates that 5 or 12-day Ema is trading above 10 or 26-day Ema. A -ve Macd indicates that 5 or 12-day Ema is trading below 10 or 26-day Ema. If Macd is -ve & declining, then -ve gap between faster MA & slower MA is expanding & Downward momentum is accelerating..

Investors: with huge portfolio use week macd to spot -ve div. to "Part Book" once & during Bearish Cross over 2nd "Part book" & last one at Bearish centreline crossover. Start buying in parts when +ve div. start & add more with Bullish cross over & Bullish centreline crossover

Traders: Use in combo with basic EW knowledge to make entry & exits. When you combine studies of diff. time frames such as Week, Day & Hour, you have potentially a system which will follow prices to good accuracy.
No foolproof system but only more efficient one in relative term.

Van ilango (JustNifty)
@JustNifty

#Rolexrings
I'll go with 5th is getting done soon.

There is one more possibility that 3rd wave is sub-dividing !!

IF so it must hold last rise #retracement https://t.co/a6BBHIWrZk

ROLEX RINGS
Elliot counts (possible scenario's)

Which wave count is correct as per you\U0001f64f
please guide....!!@nakulvibhor @nishkumar1977 @JustNifty @piyushchaudhry @KrunallThakkar pic.twitter.com/h97J8Ycuf5
— manav (@manav1418) June 24, 2022

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