BC NIFTYLONGTERM

Nitin R
@finallynitin 2 years ago 325 views

#NIFTY weekly chart showing some similarities with the 2015-16 fall.

Both falls were preceded by an almost non-stop bull run for 1-2 years (counting from last retest of 200-week SMA).

In 2015-16, index fell 25% in 52 weeks. So far, from Oct 21, we have fallen 17% in 34 weeks.

More from Nitin R

I have a very simple method for swing trading in cash stocks.

With a Tradingview script at the end, here is a thread🧵 on my Simple Swing strategy: 👇

The Simple Swing indicator is based on T3 Moving Average, which was first described by Tim Tillson, in the search for a “perfect” moving average.

The T3MA incorporates a smoothing technique which allows it to plot curves more gradual than common MA & with a smaller lag.

During most of the time in a trend, price will stay well away from the T3MA. Thus, a decisive close beyond the T3MA often indicates the end of a trend.

The T3MA ribbon consists of a fast and a slow moving average (MA).

The ribbon is green when the fast MA is above the slow MA. This green ribbon represents the upswing. Similarly, the red ribbon represents the downswing.

The traditional signals are based on crossovers between fast & slow MA. These are the green & red ribbons representing the “confirmed” swings.

These traditional signals are lagging. So, we use the Early Swing signals.

Nitin R
@finallynitin

Here’s how to use Tradingview to quickly compare multiple symbols from a particular sector among themselves, & with the index👇

I’ve made a Tradingview watchlist of some sectors which do not find a place in any particular sectoral index. This list currently has 138 NSE stocks plus NIFTY. You can add more.
(List is a work-in-progress, & by no means complete.)

You can select the index & names from a particular sector, & compare their price movements. One can visually eyeball outperforming names in that sector.

e.g. Ship-building MAZDOCK has given a 232% return in past 1 year, as against 7% for NIFTY:

Here is the watchlist. Save it to your Tradingview & enjoy!

Nitin
@finallynitin

Why do I use hollow candles & not traditional Japanese candlesticks? Are hollow candles just a cosmetic change, or do they provide us with some extra information that a traditional candlestick doesn’t?

A thread 🧵:

Traditional Japanese candlesticks are all solid. They are either green or red (colors may vary, but you get the point).

Hollow candles use two attributes to provide information regarding the price:
- Color of the candle
- Whether the body of the candle is filled or not

So, a green hollow candle can have its close > open (just like traditional candlesticks), or its open > close (here its body will be filled). Similarly, a red hollow candle can have its open > close (traditional), or its close > open (here its body will be hollow).

The colour of a hollow candle is decided by comparing the closing price of the current candle with that of the previous candle. So, a red-color candle (irrespective of whether it’s filled or not) means that the current candle’s close is lower than the previous candle’s close.

Nitin
@finallynitin

I try to look for exhaustion of supply, drying down of volumes, & narrowing of daily/weekly ranges. Enter after an upmove, on the lowest volume & the smallest daily range, as the stock forms a low volume doji/inside bar while in pullback/retest at/in/near the zone of 10MA & 20MA.

I m watching your posts... amazing sir.... thanks for sharing.... can you share what is your trade set up
— Sahasra (@h_shanmugavelu) March 21, 2022

Nitin
@finallynitin

A simple #scan to find stocks which have moved 25-30% in past 20 weeks (with moving average critera & liquidity filters) will give you a watchlist of names to keep track of.

Update the list daily. Manually scan all charts in watchlist to add & reject.

https://t.co/J1wBe2yPui

More from Niftylongterm

Piyush Chaudhry
@piyushchaudhry

If you truly love her, let her go .. to 15000 and below.
If she loves you, she will come back at 16000 .. later this year or next.

Moneyspinners - Work H...
@Jai0409

Nifty 50-Until 16600 is crossed then there is every chance of one more leg downwards (Wave5)

If it closes below 15700 then we can see 15500/15160

5th wave-can get truncated,

Get rid of kachra!!

Good opportunity to accumulate quality companies

chart👇

cheers https://t.co/b0M5QRcq7e

Please use the opportunity to move out of the low-quality companies into high-quality companies.
— Moneyspinners - Work Hard, Dream Big!! (@Jai0409) May 18, 2022

$\u03b1\u043c\u03b9\u0442\u0442 \u0455\u03b1\u03b9\u03b7\u03b9 \U0001f1ee\U0001f1f3$

αмιтт ѕαιηι 🇮🇳...
@heartwon

#NIFTY in the context of #RSI #Weekly Timeframe
RSI with default values of 14,9
RSI MOVE measures the deviation of RSI from its average

IMHO, it is an excellent time to buy and accumulate #NiftyBees
Retweet if you find it useful 🙏🏽

Trendline Investor
@dmdsplyinvestor

#Nifty watch this trendline to be taken out for a good long trade! https://t.co/nC32qh2rOO

#Nifty perfect reversal after filling the gap and testing the middle of the channel.

Waiting for Nifty to take out that major horizontal resistance and then we can see a good short term rally. https://t.co/m3hwcWno9q pic.twitter.com/WhhLPc9JaC
— Trendline Investor (@dmdsplyinvestor) June 28, 2022

$Harsh / \ud5c8\uc26c$

Harsh / 허쉬
@_Harsh_Mehta_

As long as 15775 is not breached, bull case remains. Will be portfolio cautious only below 16000. Otherwise the path on chart is the way 5th wave should play out till Sept-Oct 2022.

16350 waapis nahi dikhega in 2022, woh aap bhi dekh saktey hai - IF 5TH PLAYS OUT. 😃

#Nifty

What does Gold- Backed mean?
The Chinese Elders have been accumulating gold for hundreds of years. They are gold-rich. Some of their gold was loaned to the Central Banking System so that it could fund the rebuilding of Europe after the many war-torn years from World Wars I and II

BTW they never returned it but used it to start their financial empire to enslave humanity. This is the Central Bank Banking System./2

Maybe this is why one of the conditions to use their gold for the QFS is the demise and full disclosure of the Central Bank banking system before the RV can take place./3

The Elders have caves of hidden gold and are now using it to gold-back the currencies in the QFS for every country in the world. It is important to understand that the QFS and the money it is about to release is all brand-new currency./4

It was designed by the Alliance to fund the new financial system that will reset all Currencies of the world to Gold-Backed currency./5

$(\u3063\u25d4\u25e1\u25d4)\u3063 \U0001f499 \U0001d440\U0001d4b6rymo Belfast \U0001f499\U0001f331\U0001f340 \u24cb\U0001f397\ufe0f$

(っ◔◡◔)っ 💙 𝑀𝒶rymo Belfa...
@MarymoBelfast

THREAD PART 1.

On Sunday 21st June, 14 year old Noah Donohoe left his home to meet his friends at Cave Hill Belfast to study for school. #RememberMyNoah💙

He was on his black Apollo mountain bike, fully dressed, wearing a helmet and carrying a backpack containing his laptop and 2 books with his name on them. He also had his mobile phone with him.

On the 27th of June. Noah's naked body was sadly discovered 950m inside a storm drain, between access points. This storm drain was accessible through an area completely unfamiliar to him, behind houses at Northwood Road. https://t.co/bpz3Rmc0wq

"Noah's body was found by specially trained police officers between two drain access points within a section of the tunnel running under the Translink access road," said Mr McCrisken."

Noah's bike was also found near a house, behind a car, in the same area. It had been there for more than 24 hours before a member of public who lived in the street said she read reports of a missing child and checked the bike and phoned the police.