Alert in Tata Elxsi - with stock forming H&S at top. I would exit with the break of the neckline. It needs to cross the dashed line for H&S failure. My SL at 4030. https://t.co/rO4f8hkPFF
Tata Elxsi - Daily I track this chart and waiting for a big kill in this. You have to act like a cheetah sometimes waiting for the weakest hit.
— Steve Nison (@nison_steve) August 10, 2021
There are times when you must sit patiently to catch your prey. pic.twitter.com/CRoBHIetHE
More from Steve Nison
More from Tataelxsi
#stockmarket #investing
Invest in companies where you have conviction to stay invested due to your own reasons. No use trying to investing in everything and anything. #TataElxsi #investors https://t.co/KM2W83OI51 pic.twitter.com/pUElD6Mdb3
— Gopal Kavalireddi (@gvkreddi) December 28, 2020
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Covering one of the most unique set ups: Extended moves & Reversal plays
Time for a 🧵 to learn the above from @iManasArora
What qualifies for an extended move?
30-40% move in just 5-6 days is one example of extended move
How Manas used this info to book
The stock exploded & went up as much as 63% from my price.
— Manas Arora (@iManasArora) June 22, 2020
Closed my position entirely today!#BroTip pic.twitter.com/CRbQh3kvMM
Post that the plight of the
What an extended (away from averages) move looks like!!
— Manas Arora (@iManasArora) June 24, 2020
If you don't learn to sell into strength, be ready to give away the majority of your gains.#GLENMARK pic.twitter.com/5DsRTUaGO2
Example 2: Booking profits when the stock is extended from 10WMA
10WMA =
#HIKAL
— Manas Arora (@iManasArora) July 2, 2021
Closed remaining at 560
Reason: It is 40+% from 10wma. Super extended
Total revenue: 11R * 0.25 (size) = 2.75% on portfolio
Trade closed pic.twitter.com/YDDvhz8swT
Another hack to identify extended move in a stock:
Too many green days!
Read
When you see 15 green weeks in a row, that's the end of the move. *Extended*
— Manas Arora (@iManasArora) August 26, 2019
Simple price action analysis.#Seamecltd https://t.co/gR9xzgeb9K