Most important candlestick patterns for stock selection:
Candlesticks are very good representation of psychology of traders in the market and hence the success rate of candlesticks pattern is very high.

#Apollohosp looks fantastic on charts
#NSE #priceaction V shaped hit for bears.
#candlesticks

#positional #trade #HAPPSTMINDS
Risk reward of 1:5 - settled for it given the market conditions.

#NSE #priceaction #candlesticks #nsebullrun

@dtbhat What a great news. We need it to come to 1425 - -1174 levels right sir.

#swing new trade.
#GUFICBIO

#priceaction #hammer #candlesticks
#NSE #nsebullrun

#DELTACORP lot of resistances ahead. Worth taking the gamble I feel. Could move up to 363.
#NSE #goa

I have earlier shared some setups/strategies for Intraday. One of them was ORB (opening range breakout) setup.. but I still get DM about this. So here's a thread about how to find ORB stocks: (1/12)

Stocks that are in consolidation or on the verge of a breakout and has already given a breakout from consolidation - both category stocks should be in your watchlist.

Now the question is.. with so many stocks around, how one must filter and check? (2/12)

I mostly trade in F&O stocks in Intraday - it has 188 stocks after new addition and can be filtered as per sector rotation.
Find the sector or theme with good recent performance and keep its stocks in watchlist. I keep an alert for breakout price when I see a good chart. (3/12)

Another way to filter stocks is to keep an eye on the new additions in the F&O and the stocks that are in news.

Not every stock gives a move of 7-8%. Look for stock that move 7-8% in one go when they give a breakout (Stocks unlike ITC that moves once in a year). (4/12)

There are a few stocks that are tailor made for ORB. And those stocks should be in your watchlist.
IRCTC, Mindtree, Bajaj Twins, IEX, TataElxsi, Naukri, Coforge are some great examples. Rest you can observe and add.
Recent examples 👇(5/12)

The thread explains my momentum scanner and how to build it in #TradePoint software.
@Definedge
Conditions :
1)EMA 8 above EMA 34 and rising
2)Candle close above previous 5 candle high
3) RSI above 60
4) Volume above previous 5 candles
5) ADX above 30
1/n

Select Double Moving Average 8 and 34
2/n

Under Patterns select Close Above Prev Bars
3/n

Qualify the candle close
4/n

RSI above 60
5/n

Brent down to $98.
Dr Copper has given up all its pandemic era gains.
Now Oil is tanking.
Both are great predictors of an economic slowdown.
Markets are rallying on hopes the Central Banks will hold their rate hikes seeing the commodity meltdown.
Bad news is Good news.
Lets see.

@moneyworks4u_fa @shivaji_1983 @_gauravchopra Not just copper