Importance of Previous Week High/Low?

When Market is Bullish it will take support from PWL,Can see bounce

When Market is Bearish it will face resistance on PWH,Can see reverse

Example:So far Nifty is Bullish till PWL respecting,trend will change when PWL Breaks with Volume

The #Best #Long Trades happen when MACD is above the #Zero Line!!!

#Not a standalone system-but combine this simple logic with your existing system and see the #Results for your self !!!

Education on SWINGS

Understanding what is a Swing is crucial in order to understand Market Structure.

It shows us the direction of the market and while it may seem obvious at first sight of the market, many still have trouble defining what a swing is.

You could define swing as simply more then 2 consecutive candles moving in one direction

When you get a few in the opposite direction you have another one

The important thing to note is that HTF swings always have more priority than LTF swings

When you zoom-in from an HTF to an LTF you will always find that one HTF swing always consists of many smaller and smaller lower timeframe swings.

You could refine this until you'd get to a 1-minute chart or even a tick chart and still you'd see the same thing happening in there

An important thing to realize is that you can have many smaller swings inside of one, big swing, and you gotta orientate yourself in this.

This takes time and practice to see as all things do but will give you an immense power over the rest when you do.

Swings also do not have to break it's previous high or low. They can happen in a contraction with HL and LH also commonly known as triangles.

You can also have many moves inside of a one Monthly Bar.

@abhymurarka RAJRATAN - Leader in Tyre bead wire.

PAUSHAK - Leader in Phosgene Chemistry.

IONEXCHANG - Interesting biz in water treatment.

DYNPRO - Leader in food colours & dyes.

MOLDTEK - Proxy to consumption & paints.

DMCC - Very Interesting capital allocation & CAPEX plan.

(1/n)

ACRYSIL - Niche biz in hoke improvement Globally.

ASALCBR - Growing biz with good capital allocation, issue with promoter though.

NEOGEN - Leader in Bromine Chemistry, very interesting future ahead.

GANECOS - Vert interesting biz in PET waste conversion into yarn.

(2/n)

Interesting businesses in IMO with a good Industry structure now and going to improve in future with enough margin of safety.

Most of them generate decent ROCE, Earnings growth, clean balance sheets and cash flow conversion.

(3/3)

Nifty and RSI divergence. It is all about knowing your indicator well. Quick video (Hindi) :-)