Fno Tools for Fno Traders.

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Meet @FlamingoTrader_ A 20-year-old upcoming trader from Gujarat. Also his strategy. He mostly trades in BTST and sometimes in STBT

He read many books, and reports and is using Darvas Box Theory.

Here are some notes ( with my limited understanding)

Strategy

a) Finds 52 Week High Stocks
b) or stocks that Doubled in year
c) Volume Should be High - 20 ma of Vol
d) Darvas Box - Indicator or Manual

e) If stock Makes High, Then doesn’t break high for 3 days or more, Then makes low and doesn’t break for 3 days or more. It doesn't break low considering the first candle low as low. It's called Darvas box.

f) Whichever side breakout comes, is called Darvas Box Breakout.

g) Also sees Japanese Candlesticks, it increases breakout.
h) At 3.10 to 3.20 closing should be outside the box.
i) Also consider Bollinger Band Breakout
j) Also consider Market Trend

Simple, but it works for him. You can ask if you have any queries to him,

Download: The Simple Guide to RSI.

A Simple 12 pager guide!

Retweet to get the guide in DM

Learn

What is RSI
Its Importance
How to use RSI
Multi-time Frame RSi
Breakouts using RSi
Reversal using RSI
Examples

Retweet and I will send you the link in DM

@yogeshnanda1

Can send to first 1000 ( twitter limit)

A simple way to trade stocks is to score all the factors you consider important. ( example below)

Also, consider multiple time frames.

Trade-in stocks which are in top of table (bullish) or bottom of the table ( bearish)

Comments?

Last time I shared a basic stock screener for Investors.

Today I will share 1 Basic stock screener for traders .. 👍

Some underrated websites for investing research & analysis👇

1. https://t.co/lxen3s2wyP
2. https://t.co/WZfcE248ss
3.

A lot of websites provide you with data for trading.

However, I liked the free website of Icici Direct the most.

Here is a breakdown of what it can do: 🧵

Collaborated with @niki_poojary

Advantages:

1. Quantitative Analysis in one place
2. Easy to find stocks where action taking place
3. Find the exact price levels at which OI is being added.

You can check out this free website by clicking on this

Where is the action taking place?

For eg, Nifty Heatmap Can easily scan for:

- Long Build up = Price Up and OI up
- Long Unwinding = Price Down and OI down
- Short Buildup = Price Down and OI up
- Short Covering = Price Up and OI down

Price levels of OI being added:

• Check 15 mins Built-up in any stock
• Can find Intraday Bullish and bearish trend
• Eg of IBUL who was down 5% on Friday. Short Built-up had started in the morning itself.
• Shows the quantities which are being traded in those intervals.

Time Intervals:

• There are 25, time intervals available every day.

• If a stock has to go up or down a lot it will be heavily dominated in these time intervals.

• IBUL had 10 times short built up on Friday. -5.79 %

• ITC had 14 long built-ups on Friday. +2.6%.

TREND TEMPLATE CRITERIA by the Legend @markminervini

A stock must meet all eight criteria to be deemed in a confirmed stage 2 uptrend.

1. Stock price is above both the 150-day (30-week) and the 200-day (40week) moving average price lines.

A Thread🧵

2. The 150-day moving average is above the 200-day moving average

3. The 200-day moving average line is trending up for at least 1-month (preferably 4 to 5 months or longer).

4. The 50-day (10-week moving average) is above both the 150-day and the 200-day moving averages.

5. The current stock price is at least 25 percent above its 52-week low. (Many of the best selections will be 100 percent, 300 percent, or more above their 52-week low before they emerge from a healthy consolidation period and mount a large-scale advance).

6. The current stock price is within at least 25 percent of its 52-week high
(the closer to a new high the better).

7. The relative strength (RS) ranking (as reported in Investor's Business
Daily) is no less than 70, but preferably in the 90s, which will generally be the case with the better selections.