1 FMCG stock chart has so much to teach -
1) Cup
2) Handle
3) BO
4) Retest
5) Bearish RSI divergence

What is obvious, USUALLY doesn't play out #StockMarket

#DragonflyDoji highly reliable & considered as a price reversal indicator especially after a downtrend. Spotted a few 👀Ready for the coming week

If it takes you more than 5-7 secs on a chart, its not worth a trade. The chart/setup should be appealing at first sight. #TrainYourEyes. I go thru abt 200 charts daily and maybe approx 250+ on weekends
How my watchlist is prepared:
1) Once a chart looks attractive, I,
1/n

Toggle the chart in multi TF's to spot any PA/ patterns
2) Recheck with diff indicators like ST/Ichi/Cci
to see if anything favorable or otherwise
3) 1 last check on HA (dbl/triple confirmation)
4) If FnO stock, I go through the OI/ COI data else corelate volumes with pa

2/n

5) Jot down Entry/ SL levels.
Next morning, go through the preopen prices of the watchlist & try to spot any unusual activity like BO, etc.
Finally at opening i check for possible O=H/L or ORB

You ARE in a bull run hence you think trading is easy.
Just #FollowTheProcess

Spotted 3 beautiful #MorningStar (Bullish Reversal) patterns in weekly tf. Find them - they could be youre winners going forward

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.

Few #Patterns to master.

Disc* Found on internet.

stoploss & slippages : a thread to understand how to avoid big slippage when you get stopped out #Qunat #AlgoTradeing #Nifty #stoploss (p.s. this is just an effort to educate & example is for illustration only.) hope this helps.

1. NSE maintains two orderbooks one which has all the bid & ask offers till its full depth 2. is stoploss orderbook which is not available for anyone to lookup unlike the 1st one.
you can place two type of stoploss orders one is SL-Market & SL-limit

These SL orders gets recored in SL-Orderbook in 1st come 1st basis for that mentioned trigger price
ex. 1) 9:20 -> SL order trigger at 100 qty 500
2) 9:45 -> SL order with trigger at 100 qty 500
3) 11:30 -> SL order with trigger at 100.5 qty 500

Now when price is dropping and as soon as it starts hitting the trigger prices mentioned in SL-Orderbook .. these orders get released in pubilc bid ask orderbook. in this case for our ex. trigger execution order will be 3,1,2

for this particular day market opened gap-up, for lot of traders this becomes bullish bias .. with this bias market was in very narrow trading zone giving everyone opportunity to enter .. majority of ppl will keep SL below nearest swing low.