If u are looking to enter a scrip just before the breakout
what would u look for?
How would u identify scrips just before breakout?
Here are a few pointers
Carefully understand the them and use at ur own discretion
(All comments r compiled from a question i posed)
But now in recent times it's forming multiple candles near the same resistance with low volume.
Observe it and see for opposite move.
As soon as u get a positive candle, get in to it.
2. On LTF, price stalling around breakout area for at least 1-2hr.
3. No major events.
Contraction of price and volume near it especially near 20 days ma.
If there is any breach of the latest HL it should be followed by a bullish candle with good volume.
Left side of the chart has a rally with a very steep slope of ma.
If stock is at its ATH then it adds more conviction bcz there wont b supply after that point
Consolidation below the resistance, volume of the candles & strong bullish candle closing at near highs just below the resistance
Relative strength of the index.
Supertrend turning positive/Ichimoku Conversion line crosses base line or Price crosses above cloud.
Gain from 52 Week low.
Final rally in narrow range before breaking out should supported with high volume moves.
Above resistance there should not be any important moving average.
2. If there is any consolidation on ltf & if price break down consolidation & that candle if close again in consolidation area will buy on that candle itself.
1) HL formation
2) Volatility contraction
3) Buildup near resistance
2. How the current Candle formed compare to last 6-8 weeks
3. If able to cross Monthly/Weekly Resistance
4. Recently any stake increased by Promotor/ Others
5. Need to wait for Pull back and sustain followed should close by above BO candle
It must already be in stage 2
The base should be spread out at least over a month
The ATH has been tested at least 1-2 times
Volume contraction on right side near ATH
Favorable market and sector
An outsider candle at bottom may also be considered as an odd enhancer.
HH & HL should be there on higher time frame.
Stock outperforming sectoral index
Volume dry up on small pullbacks
2. Many or atleast one long wick candle with less volume in higher low areas
3. Nice consolidation with volume buildup in lower time frame near the resistance.
2. Rsi greater than 60
3. Volume increasing trend
Consolidation near the resistance.
If the consolidation is tight and over 20ema, it generally explodes.
2 - Price within a constructive base pattern
3 - higher than normal delivery %
4 - Pocket pivot
Draw a horizontal line and see how many times the stock has reversed from there the more the resistance the higher the probability of a breakout
Stock is making higher low?
Stock is contracting well?? I meant volatility
Stock is having more of red or green volumes.
Look for rising volume, at least higher than last BO point.
Also look at the broader market performance, test of supply and shakeout candle for perfect breakout to happen.
Drying vol during consolidation
Final shakeout to absorb weak longs
Unusual activity by insiders before a big move (Price & Volume actions)
2: wide range closing
3: Price holding levels near to breakout for sometine
4: Volume increasing
5: Round number price action.
More from Aneesh Philomina Antony
Price will always go back and forth move no matter how strong the trend is.
So an objecctive way of defining the trend as bullish or bearish will help u to stay out of counter trend trades which usually not only hit SL, but slippages tend to be quite high in case of those trades. If u dont believe that, u can either check ur journal .
In the pic, an example was shown with objectively defining the price trend based on momenum. If price is bullish then either take long entry while price pulls back on 20 SMA or when it makes a new breakout, its very very safe method.
Even one can use simple MACD for defining the trend. Indicator doesnt have any magic, be it custom made or default one. Trick is in identifying the bias when its quite clear and obvious and not to trade till then.
U can guage the strength in the trend once u know how to measure the direction.
This trend strength is infact signals the trend continuity or the potetnial for sustanining the trend.
Thats great assurace to hav https://t.co/HanLvlXkjQ
Before making ur trade entry or even before making a bias of trend as either bullish or bearish, do u use any objective measures to define the trend based on price, volume and momentum?— Aneesh Philomina Antony (@ProdigalTrader) May 15, 2021
Price will always go back and forth move no matter how strong the trend is.
Lots of quality suggestions from many traders here.
I wish to learn the basic fundamental analysis. Pls suggest any YouTube channels (English) for that.— Aneesh Philomina Antony (@ProdigalTrader) July 6, 2021
What am looking for is to build the very basics in the subject
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This is how Nifty moved in last 15 years with three major corrections, in the year 2008,then around 2016 and then year 2020 due to Coronavirus. Only when we look back with hindsight bias we could say those were the best time to invest. But is there really any quantitative method?
200 day moving average is something that is widely used by many investors to check for long term trend. Where investors consider if stocks trades above 200 DMA, its in bullish phase and if it trades below 200 DMA its in bearish phase.
We shall run an analysis to find out of Nifty 50 stocks, how many number of stocks trades above 200 day moving average, higher the number, stronger the market. we need correct data, we cannot test it with current Nifty 50 stocks,
we need list of Nifty 50 stocks that are part of index historically, so when we run for Jan 2008, stocks like RPL, RNRL, UNITECH were part of Nifty 50, so it is essential to test it with correct datasets.
Part of "The Plan." Next : real estate prices fall.Citys devalued investors will snap up propertys.The investors buyingb& then flipping real estate will be the mayors of these cities.— [email protected] (@Donnartforyou) December 30, 2020
2) "Opportunity zones" allow for mass investment moves from billionaire class without paying capital gains taxes.
The mass accumulation of wealth (multinationals) at the upper tier of Big Tech (technocrats) during COVID is approximately +40% since it began.
3) This shift of wealth from Main Street (COVID shutdowns and lock-downs) into the multinationals (tech, banks and massive corporations ie. Amazon etc.) means the extremely wealthy have access to trillion$ of new funds .
4) The billionaire class can move those funds without paying any capital gains if they shift them into "opportunity zones", this is part of the OZ program incitement.
5) The "opportunity zone" areas are (not coincidentally) the same areas where riots and civil unrest was taking place.
The Main Street retail centers that were shut down during the civil unrest then faced the (not coincidental) follow-up financial stress from the COVID impacts.
One of the harder lessons for me to internalize has been that oftentimes, unknown stocks stay unknown for a reason and you can still earn attractive returns from stocks everyone's bullish on
2/ While I’m not contrarian just for the sake of being contrarian, I do think it’s important to question everything.
When I started out, I would buy "quality" stocks like FB or TSLA without doing much research.
But an opinion being consensus doesn’t make it the truth.
3/ So owning the most popular stocks made me nervous. If a winner is so obvious then either it's priced in or maybe I'm missing something?
I preferred owning stocks that others weren’t aware of or were bearish on for the wrong reasons (more room for upside surprises).
4/ But there are degrees
Despite being widely popular, stocks like SHOP have been some of the best performers because they exceeded even the most bullish projections
And some stocks like TSLA are partly popular because they are great consumer products which is an important sign
5/ On the other hand, while the biggest winners can be found in micro-caps, many of which started out very undervalued with no analyst coverage, on average, they tend to underperform larger caps
Picking out the big winners earlier on is very difficult and there is no set formula
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I'm sure Huber is coming to DC *only* to discuss Clinton Foundation things with Meadows and his committee.
He for certain, like, won't be huddling with Horowitz or that new guy, Whitaker while he's in town. That would NEVER HAPPEN. [wink wink wink!] 😉
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No matter how much whining is done about it.
I'm exhausted but it's worth it.
Now you know why they're f**king TERRIFIED of Whitaker, the closer tapped by Trump to come in late for the hysterical fireworks that will ensue soon.
Look who's suddenly fund raising for his legal defen- er, I mean, ha ha - his reelection campaign!
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