TRADING CHECKLIST
~Is the market trending/ranging?
~Is the setup as per the market condition?
~The bigger picture?
~Are there any notable SnR levels?
~Is there a conformation on the volume front?
~Is the SL & TP defined?
~Is RR favorable?
It's Tedious though but Worth it.
More from Gurleen
Broken past the consolidation over again with excellent price volume action.
Harmonics in place along with a sequence of HL-HH and heading towards the target of Point D [5000] eventually.
#StockMarket #StocksToWatch https://t.co/kudBpwWUZD
#LTI
— Gurleen (@GurleenKaur_19) July 14, 2021
Strong positive move with above average volume almost after 4 weeks.
A breakout here would trigger 4242. #StockMarketindia #StocksToWatch pic.twitter.com/G0fWGyNhLT
Seems like another retest along with a follow through move. Even the support at 6100 has been taken out.
In swing support placed at 5590 followed by 4960.
#StockMarket #StocksToWatch https://t.co/bekQfLgWEK
#ULTRACEM
— Gurleen (@GurleenKaur_19) May 1, 2022
With the breakdown & retest. The major support is placed at 6100 levels. pic.twitter.com/IsoZd1grIx
More from Screeners
Covering one of the most unique set ups: Extended moves & Reversal plays
Time for a 🧵 to learn the above from @iManasArora
What qualifies for an extended move?
30-40% move in just 5-6 days is one example of extended move
How Manas used this info to book
The stock exploded & went up as much as 63% from my price.
— Manas Arora (@iManasArora) June 22, 2020
Closed my position entirely today!#BroTip pic.twitter.com/CRbQh3kvMM
Post that the plight of the
What an extended (away from averages) move looks like!!
— Manas Arora (@iManasArora) June 24, 2020
If you don't learn to sell into strength, be ready to give away the majority of your gains.#GLENMARK pic.twitter.com/5DsRTUaGO2
Example 2: Booking profits when the stock is extended from 10WMA
10WMA =
#HIKAL
— Manas Arora (@iManasArora) July 2, 2021
Closed remaining at 560
Reason: It is 40+% from 10wma. Super extended
Total revenue: 11R * 0.25 (size) = 2.75% on portfolio
Trade closed pic.twitter.com/YDDvhz8swT
Another hack to identify extended move in a stock:
Too many green days!
Read
When you see 15 green weeks in a row, that's the end of the move. *Extended*
— Manas Arora (@iManasArora) August 26, 2019
Simple price action analysis.#Seamecltd https://t.co/gR9xzgeb9K