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"

#TCS
Holding 3460-3480, likely to move towards 3600-3650 zone.
#Elliottwave possibility
#Divergence +ve strength
#Trendindicator turning up for ST.

#deepakntr (CMP:2133)
A LRHR trade
"ABC" correction seems to be over.
Holding 2110-2115, likely to head to 2200-2220 in a day or two.

Till you see a "Bullish pin bar" or "Bullish engulfing" pattern in Hour t/f
OR
prices close above 21 Sma
OR
close above Super trend (10,2),

remain with -ve bias.
However, do book profits partly or lock it with TSL

Macd is the simplest & most reliable indicators available. Macd uses Moving Averages & turn them into momentum indicator by subtracting longer MA from shorter MA. The subtracted value when plotted forms a line that oscillates above & below zero, without any upper/ lower limits.

Using shorter Moving Average (5 & 10) will produce a quicker, more responsive indicator (fast macd), while using longer MA (12 & 26) will produce a slower indicator (Slow macd), less prone to whipsaws.

Macd measures the difference between two Exponential Moving Averages (EMAs).

A +ve Macd indicates that 5 or 12-day Ema is trading above 10 or 26-day Ema. A -ve Macd indicates that 5 or 12-day Ema is trading below 10 or 26-day Ema. If Macd is -ve & declining, then -ve gap between faster MA & slower MA is expanding & Downward momentum is accelerating..

Investors: with huge portfolio use week macd to spot -ve div. to "Part Book" once & during Bearish Cross over 2nd "Part book" & last one at Bearish centreline crossover. Start buying in parts when +ve div. start & add more with Bullish cross over & Bullish centreline crossover

Traders: Use in combo with basic EW knowledge to make entry & exits. When you combine studies of diff. time frames such as Week, Day & Hour, you have potentially a system which will follow prices to good accuracy.
No foolproof system but only more efficient one in relative term.

Momentum Trading Trend Template

EMA-10> EMA-21> EMA-63

RSI- Above 55

High RS rating stocks , with 15% CAGR growth in earnings from last 3 years.

Detailed thread as I promised to RIDE THE TREND with super ease✅

Do read fully as it starts from basic to end & can be long one...

Do retweet & like as this is yrs of my hardwork in few tweets (1/n)

1) For riding trends, first you have to understand trends - Here is how a complete cycle of stock looks like..Stock has 4 stages...We need to be in 2nd one to make money.
Now here we go deeper into stage 2 (2/n)

2) Any stage 2 has phases as this is not a linear journey but the stock will set up multiple bases in between...Below is the example of Balaji amines that highlights how the stage 2 in reality looks now.....

3) So a Stage 2 has periods of bases in between which are the typical resting period for digesting earlier gains. Theoretically looks like this..Stage 2 then a base within stage 2 and stage 2 resumes....

4) The real question is how to ride trend between the bases peacefully so that we don't have to wait in consolidation.

For Shorting like my Dixon short trade -Find stocks that have negative monthly price cycle & turning into EMA 10/20 on weekly

From there you can get low risk entry point & good R:R

Just need 1-2 good short trade for a 3% monthly gain. Extreme patience to wait for best time

A rising wedge when broken decisively on the upside turns into a channel and stretches a little on the top of channel after a non stop move. Expecting this trajectory as of now.
#DXY