Save this chart & look at it every time you have a stock which is going down, down & down!

Just 1⃣ single rule to save your capital👇

If you are beginner, never look at a stock when CCI below -100. Look at it only above 100.

Many more stocks will soon follow a similar pattern!

#RCF quarterly chart

Breaking out from a massive 15-year long descending triangle.
Price has been in a tight range in the last 1 year.

This could just be the beginning of a new long-term uptrend.

Stop - 78.

#stockideas

All-in-one chart that has everything you need to about trading cash stocks!

- How to enter
- How to define stop loss
- When to pyramid
- When to exit

Focus on big base breakouts & if this works even for 30-40% of your trades, you will make decent returns!

Retweet if you❤️it!

@nishkumar1977 @ca_mehtaravi @BlogJulianKomar @rohanshah619 @nid_rockz @vivbajaj @Trendmyfriends @Atulsingh_asan Would love to know how you ride major trends!

#CNXSmallcap definitely does NOT look good!

Large base breakdown is never good that too on weekly charts!

I spoke about this support in this weekend #Youtube live video.

Watch here 👇

https://t.co/Fva0CUlT1z

The Ultimate Guide to ‘RELATIVE STRENGTH (RS)’...🎯

WAIT… This is NOT RSI that you use day in & out…

Rather a very IMPORTANT indicator that can CHANGE the way YOU trade/invest…🤓

So, hang on as I explain this with #TATASTEEL chart...

Let’s go 🧵…

1⃣ But, how will it change the way I trade?

- Ever wondered why the stock you are holding is not moving when the market is ripping higher?

Ex: ITC didn't move btwn June’20 & Feb’22 while the market rallied

This indicator will help you get rid of such underperforming stocks.

2⃣ ok, what’s RS?

When stock A goes...

- up faster than Nifty, it is STRONG/OUTPERFORMING relative to Nifty
- down faster than Nifty, it is WEAK/UNDERPERFORMING relative to Nifty

So, RS is relative performance of a stock compared to any benchmark (refer chart for example)

3⃣ Let’s dig deeper:

A stock is outperforming/strong when

- Nifty is going up, but the stock is going up much faster than Nifty
- Nifty is going down, but the stock is going down much slower than Nifty or going up

4⃣ More definitions:

A stock is underperforming/weak when

- Nifty is going down, but the stock is going down much faster than Nifty
- Nifty is going up, but the stock is going up lesser than Nifty or going down

A small multi time frame system to identify stronger stocks based on RSI/SuperTrend/EMA
@Definedge
Conditions:
a) RSI > 55 < 70 in daily
b) RSI > 60 in weekly/monthly
c) Candle close above SuperTrend(10,3)
d) Candle close above 200EMA in daily and 34EMA in weekly/monthly
+

I have published these scanners in TradePoint Web of @Definedge. These scanners can also be developed in TradePoint Desktop.
1) Run these scanners on Multi Time Frame Scanners
+

Save the qualified candidates (score above 2) to a group for doing further analysis.
+3

Run FusionMatrix on this group to check stronger candidates, Sort on RS-Ranking score and select top candidates. Look for long entries based on your favorite systems.
+4

One example #TATAELXSI on daily charts
RS chart bullish ABC pattern and in Price chart probable bear trap and bullish ABC
(bullish divergence between price and RS charts also)
+5

Full technical analysis courses in one thread 🧵

For free which is Worth ₹80k 👇

⏭️How elliott wave work with examples

⏭️ Advance price action analysis

⏭️ Richard wyckoff theory

⏭️dow theory (my first video)

If you wanna learn how market behave in long term & short term

You must watch full video 🎥

(1/3)

I am using only one indicator in the chart.
i.e DC(20) = Donchain Channel
I use 3 min chart and the DC period is 20, so DC high is basically the last 1 hour high & DC low is the last 1 hour low.
The middle line is the median of high and low.

(2/3)

Donchian channels are mainly used to identify the breakout of nifty/BNF.
We can take directional bias based on the indicator.
If nifty is breaking DC high, can take bullish view.
if it is breaking DC down, can take bearish view.
if it is in between, can trade range-bound.

(3/3)

We can monitor nifty/banknifty futures with volume along with DC.
If the volume is 1.5 to 2 times the average volume and if DC high/low is taken out then it can be a strong bullish/bearish signal.

Buying Gold Gets Expensive!

Gold Import Duty Increased by 5%

Gold Import Duty Raised to 12.5%

Also Attracts 3% GST

------------------------------

Total Duty Now at 15.75%
12.5%: Import Duty
2.5%: Agri Cess
0.75%: Social Welfare Surcharge

#gold #goldimport #goldimportduty

Just one basic filter will save a lot of your money. If the price falls below 200 days MA and it is sloping down - avoid any buys till the MA flattens up & the stock forms a higher low or just wait for initial move to prove itself & buy when MA starts sloping up

Lupin