If you look into the #weekly #chart you can see clearly if a #stock is under #accumulation or #distribution.

– If volume is above average and it was an UP week, it's accumulation.

– If volume is above average and it was a DOWN week, it's distribution.

@BlogJulianKomar

#Areaofvalue analysis
#CDSL
Buy near 21 SMA support. This stock respects 21 SMA for 84% time. Backtested for last 1 year.

Candle size is getting smaller and volume also less then avg volume.
Any time it can reverse from here.

Help/Support
https://t.co/rRCfjf3KIi

Weekly breakout stock selection process:-

1) Log into https://t.co/tiGBjCOHDM and select scans context. Go to advanced mode and select Weekly breakout stocks scan
2) This scan has 3 patterns.
A)High Momentum on weekly is based on Mark Minervini pattern.

1/n

Mark Minervini pattern ( stock up by 50% from 52 weeks low, price is within 25% range from 52 weeks high, price higher than 50 sma , 50 sma higher than 200 sma)

B) Resistance breakout on weekly,

C) Green Strength candle on weekly.

2/n

If the candle body (open-close) ratio is higher than 50% of candle height(high -low) is considered as a Strength candle.

3) Further filter stocks above 50 rs & volume above 1 lacs & you get the list of good stocks as we are eliminating low volume stocks.

3/n

4) View stocks on weekly chart having support & resistance, HH HL, LL HL, SP (swing point) & 20 Sma pre-applied.
5) IF ANY STOCK HAS RUN MORE THAN 15% in a week, I AVOID those stocks, as it can reverse or consolidate & SL will be more points.

4/n

6) My favorite chart pattern is Stock ran to 52 weeks high and it ran a minimum of 100% from its 52 weeks low price also given a pullback with less volume and then a breakout should happen from a recent high with good/highest volume.

5/n

Using knowledge derived from your videos @nishkumar1977 @vivbajaj I am Tracking sectoral performances real-time using Tradingview's Compare Feature.

Very Intuitive, Handy & Works with a Free Account!

Process :

1. Add your benchmark Index. Say, Nifty 50.

2. Add Indices you want to track Via Compare feature in @tradingview Click Same % Scale

3. I have added a handful of them. Because I want to see a sector turning and catch outperformance immediately.

4. Set a Benchmark Date from where you want the performance to be calculated. Since we have selected same % scale, as our chart moves the % on right will change. It considers the date on left as the starting point. Mark it & Scroll such that that vertical line is just about seen.

Save this as your Indicator Template & come back to it whenever you want to track indices from one page in real time & any time frame!

Fibonacci and how to use them

When market opens gap up/down, i check two stocks always. #HDFC and #HDFCBANK.
In first candle #HDFCBANK gave signal that today is a bulls day.
RR 1:6 on a high volume trade.
#daytrading #NIFTY #NSE #BANKNIFTY

#priceaction #candlesticks

#smallminters

I personally don't buy any breakout! It must fulfill some criteria:

– Volatility contraction closely to the breakout line
– Volume dry up
– Sound chart pattern
– Story stock or great fundamentals

Pay attention to the details!
Don't blindly buy every outbreak.