#McDowell
IF breaks "706", would wait for strength to emerge above "712" for entry.
IF holds "706", an aggressive entry with a confirmation of a move past 713, for a move towards 730-740 zone.

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

#Banknifty in strong uptrend
#SBI Hour trend in uptrend.
Using dips to buy in the direction of trend rewarding experience.

Till you see a "Bullish pin bar" or "Bullish engulfing" pattern in Hour t/f
OR
prices close above 21 Sma
OR
close above Super trend (10,2),

remain with -ve bias.
However, do book profits partly or lock it with TSL

Breakout + Retest

1)Reliance
2)United sprit
3)Gsfc
4)Craftman automation

Keep your eye.
@VijayThk @chartmojo

#Bediscipline

#MCDOWELL_N - United spirits gave a good breakout on weekly chart - TradingView -

#McDowell on watch list

Has been consolidating after the steep rise.

Holding 690-694 & moves past 708-710, would attempt to make a new high around 736-745 in the coming days.

Remember the conditions for a LRHR trade