Momentum always fade before it reverses. No abrupt reversal in it.
U can see in the pic below, it always passess through a choppy zone, before trend reversal to give a clear momentum.

With a huge gap up and no follow through today, price is still not bearish
means no short now

If u are a day trader, irrespective of the TF u trade, u should align urself with the trend in 15min TF. Avoiding whats happening in 15min TF, is highly dangerous and will end up as a very costly mistake.

List of stocks which main steady gain in price since 3 years. These can be considered for investing in any type of market conditions

How to desogn a trading system???

Ur trading system should contain 2 parts
1. Define context
2. Entry exit set up and rules

Let's see them in detail

1/16

When u define the context u are essentially removing all the trades which are against the trend.
Suppose u objectively found trend is Bullish with any tools of ur choice. Then all the shorting signals ur entry exit method generates can be avoided

2/16

The tools u use to define the context of the major trend can b anything
1. Supertrend positive
2. Price > EMA 20 > EMA 50
3. MACD abv zero and abv signal line
4. Price and rising vwap
5. Price is riding through upper Bollinger Band since last >20 bars

These are examples

3/16

This is one part of defining the context. Now how about ensuring the trend in this TF is same as the one from HTF as well??
This will add lots of odds in trade success.
Suppose ur trading TF is 5min, then a check up in 25min TF is highly desirable.

4/16

If 25min TF too is Bullish, the the context is defined completely. But how to define trend in 25min TF ??

One method as follows
1. Last 25min candle has abv average volume and abv average spread with a close near high

5/16

1. Stocks moving in tight range after hitting new ATH
2. Stock is among Top 5 in sector leaders
3. Sector out performing overall market
4. Rel strength at ATH
5. Volume flowing into the bullish side

Is probably closest I have seen to the #Holigrail which many are looking for

Chasing extended #stocks is often not rewarded! What's extended?

1) >70% above EMA 200
2) Up 3 days in a row
3) >3 pullbacks on the EMA 21
4) >5% above trading base without pullback
5) >10% in one day It's better to wait for a consolidation before you enter.

MACD and how I use it

Why 52w/ LTH stocks have no price targets...

#FreeTip
A simple illustration to analyse stocks in a very simple way:
1) Prepare a list of stocks with more than say, 400% returns last 1 year and currently above 3 digits. U will have around 30-40 NSE listed stocks.
2) Look at each stock chart just before breakout
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3) Take a note book and right down against each stock, the behaviour of MAs Vis a vis the stock, for eg., 30 week MA / daily 200 ma / 150 ma, 50 ma, etc.); the behaviour of Relative Strength (RS); behaviour in terms of volume; any pattern like rectangular breakout etc.
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4) Might take 3 plus hours for the above exercise. Once you are done, see the common elements against all stocks. That is the edge you have knowing the behaviour of super performance stocks. U need not hold for 400%. U can atleast get 20% out of it.
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5) A eg. is -- few of the stocks had 3 year rectangular breakouts with RS at new high / 52w high. This is just an example. Dont immediately look for only this criteria. I can help you out with a list of triple digit stocks in excess of 400% over last 1 year.
GoodLuck.