Dear Friends,
#sssnewfeature
We have implemented sector chart analysis feature and it is available from Scans, Positional and Analysis pages.

Power is given to you. Step ahead with your analysis with leading sectors analysis https://t.co/7rQ5UjCd2J

Weekly breakout stock selection process:-

1) Log into https://t.co/tiGBjCOHDM and select scans context. Go to advanced mode and select Weekly breakout stocks scan
2) This scan has 3 patterns.
A)High Momentum on weekly is based on Mark Minervini pattern.

1/n

Mark Minervini pattern ( stock up by 50% from 52 weeks low, price is within 25% range from 52 weeks high, price higher than 50 sma , 50 sma higher than 200 sma)

B) Resistance breakout on weekly,

C) Green Strength candle on weekly.

2/n

If the candle body (open-close) ratio is higher than 50% of candle height(high -low) is considered as a Strength candle.

3) Further filter stocks above 50 rs & volume above 1 lacs & you get the list of good stocks as we are eliminating low volume stocks.

3/n

4) View stocks on weekly chart having support & resistance, HH HL, LL HL, SP (swing point) & 20 Sma pre-applied.
5) IF ANY STOCK HAS RUN MORE THAN 15% in a week, I AVOID those stocks, as it can reverse or consolidate & SL will be more points.

4/n

6) My favorite chart pattern is Stock ran to 52 weeks high and it ran a minimum of 100% from its 52 weeks low price also given a pullback with less volume and then a breakout should happen from a recent high with good/highest volume.

5/n

If you look into the #weekly #chart you can see clearly if a #stock is under #accumulation or #distribution.

– If volume is above average and it was an UP week, it's accumulation.

– If volume is above average and it was a DOWN week, it's distribution.

@BlogJulianKomar

#Tool
Inside Day + Inside Week + Inside Month Candle pattern filter in Chartink. These stocks have high chances of breaking out / down.
Use at your own risk. Not specifically tested. Logic is based on common

Made a combo using @mystockedge

Strong stock
Long position on fri
High delivery on fri
High cash volume on fri

Screeners helps trader in saving lot of time in filtering best stocks out of 5000+ listed stocks.

Here is the list of top 7 Free Strategy and its respective screeners that I use:

Also, last screener is my favorite to pick early momentum stocks.

1/ Golden Crossover:

Golden Crossover of 20 EMA above 200 EMA is a good strategy used by the trader. This screener will help you in identifying stocks that has given golden

2/ CCI Momentum:

CCI is a good indicator to find out stocks that are bullish and are in momentum. I had already shared a thread on the same.

This screener will help in identifying stocks for which CCI has crossed above

3/ Bullish Engulfing:

Bullish Divergence is a setup used by contrarian traders.
This screener will help in identifying stocks in which bullish divergence is

4/ Bearish Engulfing:

Bearish Divergence is a setup used by traders to take contra trades.
This screener will help in identifying stocks in which bearish divergence is

#USDINR is headed towards is All time highs this month

High USD oil + high USDINR = big headwinds

Buying Gold Gets Expensive!

Gold Import Duty Increased by 5%

Gold Import Duty Raised to 12.5%

Also Attracts 3% GST

------------------------------

Total Duty Now at 15.75%
12.5%: Import Duty
2.5%: Agri Cess
0.75%: Social Welfare Surcharge

#gold #goldimport #goldimportduty