You have the fibonacci retracement cum extension tool in https://t.co/C8fkLCoGfe

You can measure it for any stock/ index. https://t.co/3KBRN2TDLZ

A morning star was spotted in one of the highly traded #Nifty50 stock in week t/f.

Why does a stock not go up or sustain gains despite "Day" Trend indicator (Macd) displays +ve div & moves higher ?
Why does another stock with similar Macd set up go up & sustain it's gain & even makes ATH
What is being missed here?
How to choose a stock that will sustain gains ?

Oftentimes, in our rush to study many stocks, we miss the most important & "elementary" factor.

A simple one, "IF" not taken seriously, we end up with a stock that promises but does not deliver and miss the one that has the potential.

Know this & you'll be on the winning side🙂

Why ?
Always give weightage to "higher t/f".
Here, when you look at a Day chart, check to see what the week says.
#Hdfc week says, it's weak, trending down & below the trigger.
So does, #nifty50
When week Macd is down & below trigger, Day Macd being up will have not much impact.

How ?
When you give weightage to "higher t/f" & then look at Day chart, you align with higher force
#Tataconsum week says, it's strong, trending up & above the trigger
So does, #Tatasteel
When week Macd is up & above trigger, Day Macd being up will align with higher divine forces

Give weightage to "higher t/f" & then look at Day chart, aligning with higher force
When week Macd is up & above trigger, Day Macd being up will align with higher force
Following list(out of 50 being followed) shows strong, trending up, Neutral & Weak, trending down
Choose wisely

Simple trading system on such a Gap down day.
"5 Minute t/f"
with #supertrend
In this ocean, all kinds survive.
Only the egotist come out & yaps all day, how he/ she is the best.
Come to Madurai market & see the beehive of activity.
Everyone minds their own business
"Make Money"

How's this Trading system (#supertrend in 5 minute t/f) doing
Buy @ 16220 @ 11.25AM
High now @ 16336

Everyday there is "1 Good trade"
Did you make it ??

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

#FNO stocks for tom intraday trading 07/09/21
Camarilla squeeze strategy.