BC PATHIKLEARNINGS
Saved by @SAnngeri

Month end - monthly candle closing.

Studying monthly charts can help u to see overall structure.

Approach from higher timeframe to lower for analysis.

monthly--> weekly --> daily --> hourly

Don't go below hourly if you are Positional trader.

 What i observe while watching monthly.

1. Highest monthly close stocks
2. Inside bar stocks near crucial levels (support/resistance/52 week high/ATH)
3. Outside bar stocks near crucial levels.
I keep those stocks on radar and be ready with my plans.

1. If highest monthly close then i will only look for bullish trades in tht stock. (Entry can be on pullback/breakout depends on conviction)

2. If IB on monthly then wait for trigger (near 52 WH/ATH then long only prefer)
3. If outside bar on monthly candle then wait for break of high/low and take trade in that direction (here also if OB is near 52 WH/ATH then long side trade only preferred).
This process helps me to filter out good stocks for next series & be ready with the plan.

I trade only highly liquid top 15-17 scrips of market.

More from Pathik

Pathik
Pathik
@Pathik_Trader
Example below.

Consolidation of 1 month+ and now if it hits ATH then this pattern qualifies for my criteria to take trade. https://t.co/HaMtxbHmOm
STOCKLEARNINGS
Pathik
Pathik
@Pathik_Trader
I always analyse 20 stocks but trade only 2/3 of them in a month.

I prefer to trade stocks which hits 52 week high/ATH.

Trade strongest stocks of the market.

Filter stocks which hits 52 week high/ATH after 1-2 months of consolidation.
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Pathik
Pathik
@Pathik_Trader
#ReversalSetup
80-20 setup

I am going to share one high probability reversal setup for swing traders.

Before i explain setup below are few rules.

● Stock should have body of nearly 1% on Previous Day.

● For INDEX Body should be more than 0.5% on previous day.

(1/n)

Rules for Sell

1. On previous day underlying should have opened in lower 20% of the day range and should have closed in upper 80% of the day range.

2. On current day in first hour of the trading day stock should have crossed PDH.

(2/n)

3. once it make new high in first hour place sell order below PDC with STOP of Current DH.

4. Intial targets for swing trades can be 1:2 RR then trail your stops.

(3/n)

Rules For BUY

1. On previous day underlying should have opened in upper 20% of the day range and should have closed in Lower 80% of the day range.

2. On current day in first hour of the trading day stock should have crossed PDL.

(4/n)

3. once it make new high in first hour place buy order above PDC with STOP of Current DL.

4. Intial targets for swing trades can be 1:2 RR then trail your stops.

(5/n)
ALL
Pathik
Pathik
@Pathik_Trader
Outside followed by inside bar is one of the best pattern to trade.

What does outside bar means?
- Outside bar is when current candle high > previous candle high & current candle low < previous candle high

(1/n)

What does inside bar means?

- Inside bar is when current candle high < previous candle high & current candle low > previous candle low.

(2/n)

What to interpret from outside bar?

- When we get outside bar which means neither buyer nor seller are in control.
- When we get outside bar, we should wait for the follow through/confirmation in next candle.

(3/n)

What to interpret from inside bar?
- volatility is getting compressed.
- both buyers and sellers are waiting for next trigger to create fresh position/ close their existing positions.

(4/n)

What to interpret from OB+IB pattern?

- this is one of the best formation we can get to take a trade.
- Outside bar + Inside bar = Rejection on both side + compression of volatility.

(5/n)
STOCKLEARNINGS
Pathik
Pathik
@Pathik_Trader
#OpenDrive
#intradaySetup

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)

Apply this setup in below list of stocks

RELIANCE
HDFC
HDFCBANK
ICICIBANK
AXISBANK
KOTAKBANK
SBIN
YESBANK
TATASTEEL
VEDL
HINDALCO
TCS
INFY
TECHM
TITAN
HINDUNILVR
BPCL
HINDPETRO
UPL
SUNPHARMA
AUROPHARMA
M&M
MARUTI
PATHIK INTRADAY SETUP , ALL

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