On a day which gives huge gap at day open, mean reversion strategies works better than trend following/momentum strategies.
Those who are good at pullback trading can easily adapt to reversion and take advantage of current market conditions
More from Aneesh Philomina Antony (ProdigalTrader)
#tataelxsi
2772 - 4455
60% move
it made a fresh breakout recently and looks poised to make further gains
strong stock for huge gains https://t.co/bTizotDqHz
2772 - 4455
60% move
it made a fresh breakout recently and looks poised to make further gains
strong stock for huge gains https://t.co/bTizotDqHz

strong uptrending stock
— Aneesh Philomina Antony (@ProdigalTrader) April 4, 2021
unlikely to accumulate for further long
supply seems to have dried up#tataelxsi pic.twitter.com/btBiDgfxbt
More from Screeners
History tells us when #USDINR moves it moves a lot. In that context it has been remarkably resilient with just 8% depreciation. It looks like we are very close to the point from where Rupee will start to appreciating again.
BTW Nifty Metal has inverse correlation with USDINR. https://t.co/X6cqVcYF3V
BTW Nifty Metal has inverse correlation with USDINR. https://t.co/X6cqVcYF3V

We know how our stock market has weathered the FII selling.
— Sandeep Kulkarni (@moneyworks4u_fa) June 10, 2022
But the equally big story is how Rupee has weathered $50bn+ outflows since Oct 2021. Hats off to RBI Governor Das & his team for having the vision of building huge reserves in his tenure. pic.twitter.com/CVuF9dM361