Consolidation Phase Breakout

Look for Dry Volumes in the Base
Volume on Up days > Volume on down days
Greater Consolidation Greater power in Breakout
Look for Continuation Rather than Reversal
Small Bases will Provide Low Risk opportunities

Retweet If you wish for short tips

Swing Trading Strategy
That can help you generate 3 to 5% Monthly
A thread 📕
Using RS , MACD , 21 EMA and Price Action
All Concepts Explained !

RETWEET AND SHARE !
#StockMarket
@kuttrapali26 @ArjunB9591
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UNDERSTANDING MACD
Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of stock.
It is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA.
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The result of that calculation is the MACD line. A nine-day EMA of the MACD called the "signal line," is then plotted on top of the MACD line, which can function as a trigger for buy and sell signals.
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Traders may buy the security when the MACD crosses above its signal line and sell—or short—the security when the MACD crosses below the signal line.
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UNDERSTANDING RELATIVE STREGTH
1.Relative strength is a strategy used in momentum investing and in identifying value stocks.
2. It focuses on investing in stocks or other investments that have performed well relative to the market as a whole or to a relevant benchmark.
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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%.

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
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Select Double Moving Average 8 and 34
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Under Patterns select Close Above Prev Bars
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Qualify the candle close
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RSI above 60
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Stocks with super improvement in Financials as per latest quarterly results and strong price action.

Gold to dxy has made a double bottom on weekly. Gold is showing a breakout on daily falling trendline.
In the correction everything falls, first to move up is gold, followed by equity

@nishkumar1977 @caniravkaria

For first time Dxy correcting with markets, bearish divergence on dxy charts as well

Making a watchlist of stocks,
- Open ~= Low
- Trading above 100/ 200ema
- Better relative strength
- Near important Fibonacci retracement levels
- Trading above weekly SuperTrend

@ChartinkConnect will help you make this

PGEL
AIAENG
NBVENTURES
SUMICHEM
ROLEXRINGS
CREDITACC
BDL

These are some names that popped up in the scanner.

Let me know which stocks you are tracking.
Did anyone take a fresh entry?

#Nifty