Have patience; let the market reveal it's hand.

You ask me or any other persons, they'll tell you their subjective view however unbiased they attempt to be.

It is their view and not necessarily the market's.

My subjective view is labelled in the charts.
Follow #Priceaction https://t.co/37iXFtWPzU

#Tatasteel
Remain cautious:
From 1050, the 5th wave seem to be unfolding.
As long as it holds "1275", it can continue to move higher.
A daily close below 1315 would arrest it's uptrend in ST.

Lesson from "Trend Indicator, MACD"

For traders & Investors, it suggests inherent bias:
+ve when up & above trigger & every fall gets bought into.
-ve when down & below trigger & every rise gets sold into.

Keep in mind always, your success rate would continue to climb higher🙏

Thread : Trading Applications that I use on a daily basis🧵

1) After putting a detailed post on hardware & multi-monitor setup. Few asked for softwares I use for trading.

So I am listing softwares/apps which I find the most useful for trading & investing

2) Trading View or Kite app

I use trading view for intraday charts.

As I trade intraday, I use the 5 min time frame.

My chart is simple with 20 sma plotted on it along with CPR(central pivot range)

Price > 20 sma & CPR indicates bullish trend for intraday & vice-versa

3) Icharts

As I majorly trade option premiums(short volatility or theta decay strategies)

I keep a track of combined premium of strangle using @iChartsIndia

Combined premium should be trending down & below VWAP to create a strangle

4) QuantsApp

As I need to provide analysis on TV channel.

I need to analyse overall market breadth, futures data & option chain activitiy.

@quantsapp provides

Futures Data : Long Builtup/Short Builtup
Options Data : Max Call OI/ Put OI
Market Breadth : For overall sentiment

5) Spider

I used @SpiderSoftIn to scan momentum stocks for intraday.

Spider helps in identfiying :

stocks hitting 52 week high/ low
Stocks making day high/low
Stocks with large buying single orders

Did you know: U can make tremendous money if u refer to these 2 websites...open the attachments posted here and read them

Hello Friends 🤗

Here is my filter to identify short term breakout in #stocks

Save it & Make a part of your trading tool

Making a watchlist of stocks,
- Open ~= Low
- Trading above 100/ 200ema
- Better relative strength
- Near important Fibonacci retracement levels
- Trading above weekly SuperTrend

@ChartinkConnect will help you make this

PGEL
AIAENG
NBVENTURES
SUMICHEM
ROLEXRINGS
CREDITACC
BDL

These are some names that popped up in the scanner.

Let me know which stocks you are tracking.
Did anyone take a fresh entry?

#Nifty

New MyComboScan with new parameter VWAP

These major stocks have shown high delivery yesterday and also price action combined with VWAP is showing Strength.

A thread on these stocks.