#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.

The time has finally arrived to simplify how we use the volume indicator on our charts. With a Tradingview script at the end, here is a thread🧵 on what “simple” volumes are, & how to use them: 👇

The conventional volume indicator is full of ‘noise’ in that all volume bars are given the same importance. Color & size are the two informations they provide. But this information is “across the board”, irrespective of when it’s important enough or not.

The Simple volume indicator is minimalistic, in that it strips away the conventional volume indicator from a lot of “noise”, & help narrow our focus on actionable volume bars only. It displays only 3 type of volume bars prominently: blue, green & red.

Other than these 3, all other volumes are “noise” & need not be kept into any actionable consideration. All these inconsequential bars are grey. Moving average of the volume is also purposely hidden, as the grey bars themselves are indication of a below-average volume.

While initiating a long entry, we need to look out for only these 3 volume bars, & arrive at our decision. PPVs are the best indicator of institutional accumulation. Multiple PPVs in a consolidation base, & in a breakout candle are very bullish signals.

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.

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

@ManishK56801020 Just change the value of ADX from the default of 14 to 22, & hide the DMI+ & DMI- lines.

Perspective.

#Nifty #PNF

Triple Top Fomration

close below 15763 will open door towards 14516-13334 (remote possibility )

once break 15763 negation levels will be 17160 on closing basis

#AhmedabadNest #StockMarketIndia #NSE #Index #analysis

#NiFTY_50(16950)
60 minutes chart.

If sustain close below 16950 than slide towards 16664 and 16460 possible.
In that case it must not cross today high.(17055).

#Probability