Here is the Chartink dashboard with moving averages plotted on total count of stocks above a certain moving average.
Further the count deviates from its moving average, weaker the move becomes.
More from Nitin R
I try to look for exhaustion of supply, drying down of volumes, & narrowing of daily/weekly ranges. Enter after an upmove, on the lowest volume & the smallest daily range, as the stock forms a low volume doji/inside bar while in pullback/retest at/in/near the zone of 10MA & 20MA.
I m watching your posts... amazing sir.... thanks for sharing.... can you share what is your trade set up
— Sahasra (@h_shanmugavelu) March 21, 2022
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