A simple #scan to find stocks which have moved 25-30% in past 20 weeks (with moving average critera & liquidity filters) will give you a watchlist of names to keep track of.

Update the list daily. Manually scan all charts in watchlist to add & reject.

https://t.co/J1wBe2yPui

The time has finally arrived to simplify how we use the volume indicator on our charts. With a Tradingview script at the end, here is a thread🧵 on what “simple” volumes are, & how to use them: 👇

The conventional volume indicator is full of ‘noise’ in that all volume bars are given the same importance. Color & size are the two informations they provide. But this information is “across the board”, irrespective of when it’s important enough or not.

The Simple volume indicator is minimalistic, in that it strips away the conventional volume indicator from a lot of “noise”, & help narrow our focus on actionable volume bars only. It displays only 3 type of volume bars prominently: blue, green & red.

Other than these 3, all other volumes are “noise” & need not be kept into any actionable consideration. All these inconsequential bars are grey. Moving average of the volume is also purposely hidden, as the grey bars themselves are indication of a below-average volume.

While initiating a long entry, we need to look out for only these 3 volume bars, & arrive at our decision. PPVs are the best indicator of institutional accumulation. Multiple PPVs in a consolidation base, & in a breakout candle are very bullish signals.

Here’s how to use Tradingview to quickly compare multiple symbols from a particular sector among themselves, & with the index👇

I’ve made a Tradingview watchlist of some sectors which do not find a place in any particular sectoral index. This list currently has 138 NSE stocks plus NIFTY. You can add more.
(List is a work-in-progress, & by no means complete.)

You can select the index & names from a particular sector, & compare their price movements. One can visually eyeball outperforming names in that sector.

e.g. Ship-building MAZDOCK has given a 232% return in past 1 year, as against 7% for NIFTY:

Here is the watchlist. Save it to your Tradingview & enjoy!

@ManishK56801020 Just change the value of ADX from the default of 14 to 22, & hide the DMI+ & DMI- lines.

Here is the Chartink dashboard with moving averages plotted on total count of stocks above a certain moving average.

Further the count deviates from its moving average, weaker the move becomes.

I have a very simple method for swing trading in cash stocks.

With a Tradingview script at the end, here is a thread🧵 on my Simple Swing strategy: 👇

The Simple Swing indicator is based on T3 Moving Average, which was first described by Tim Tillson, in the search for a “perfect” moving average.

The T3MA incorporates a smoothing technique which allows it to plot curves more gradual than common MA & with a smaller lag.

During most of the time in a trend, price will stay well away from the T3MA. Thus, a decisive close beyond the T3MA often indicates the end of a trend.

The T3MA ribbon consists of a fast and a slow moving average (MA).

The ribbon is green when the fast MA is above the slow MA. This green ribbon represents the upswing. Similarly, the red ribbon represents the downswing.

The traditional signals are based on crossovers between fast & slow MA. These are the green & red ribbons representing the “confirmed” swings.

These traditional signals are lagging. So, we use the Early Swing signals.

My Basic Trend Following system :

EMA-9> EMA>21>EMA> 63> EMA> 200.

RSI > 55

Weekly bases - Minimum 4 weeks.

Volume up by 200% .

Some others point to note :

Institutional sponsorship must.
Leading group
Annual Growth > 15 %
Quarterly growth > 15%
PEG <2.5

Yesterday Subasish Sir from Power of Stocks made his first 1.5cr on Intraday

So let's have a look what we can learn from his today's profit:

• He generally build positions at previous swing break or after seeing a reversal candle after some retracement

• He generally creates his positions at 1st half of market
After that he just do adjustments and other things to his existing positions
• He trail his positions at previous swing high/low level

• He watch 5 min time frame to find reversals (W or M pattern) at Support/Resistance

• He generally short ITM options with hedge at 2000 far strike for margin benefit
• He leaves CE short options alone for overnight only if it decays over 20-30% after his entry

• But he never leaves PE short options alone (except where it become deep OTM) cause market generally gap up by small % but it can gap down by huge % due to any economic fear
• He always keep hedges(CE/Future short)to protect down side risk while he leave PE short for overnight

Best candlesticks pattern for Btst:-

Bullish Tasuki Line Candlestick Pattern

👇👇👇

#StockMarket #Btst #Stocks

It consists of 2 candles.
The first candle is a long bearish red candle and the second candle is a long bullish green candle.

The second candle should open with a gap up and close above the high price of the first candle.

This pattern is mainly formed after a bearish rally or bottom formation.

In this pattern the volume of the second candle should be greater than the volume of the first candle.

It works well for btst and positional.

Can enter BTST before market closing in last 5 minutes.

SL will be below the low of the red candle.

Good time frame:- 15 minutes and 1 day (works best)

Will slowly made thread on all imp candle stick patterns for Btst.

Retweet the first tweet.
Follow us for learning Btst.

Inside Bar (IB) is an effective trading strategy where a range is formed & we trade on a Breakout/Breakdown.

What is IB?

Textbook definition of IB:
When the current bar is trading inside the previous candle's high and low (range)

Here's a live example from the Tata Steel Chart where you can see multiple IB forming on 15 minutes chart.

I've marked 2 IBs in the circle where we can find the mother candle & the inside bar candle.

So how do we trade this?

If the overall trend is bullish, then you should be looking at high on the mother candle. When the mother candle's high is broken, you can place your SL at:
1. Low of the mother candle, or
2. Low of the Inside Bar candle.

Both the eg are in charts:

And Vice Versa for the Bearish bias.

If the overall trend is bearish, then you should be looking at low on the mother candle. When the mother candle's low is broken, you can place your SL at:
1. High of the mother candle, or
2. High of the Inside Bar candle.

I prefer keeping the high or low of the inside bar candle as my SL.

Remember there are 100s of ways to trade this, ultimately your position sizing & risk management will come into play.

Position sizing can be calculated using the SL, and risk can be managed.