#ULTRACEMCO futures on short term charts
* bear trap and later high-pole negation
* PMOX oversold
![](https://pbs.twimg.com/media/FJSvxXwagAIgSKA.jpg)
More from DTBhat
Conditions -
1) EMA 8 below ema 34 and falling
2) bar close below prev 5 bars
3) RSI below 30
4) volume above prev 5 bars
5) ADX above 30
6) +DMI below -DMI
All conditions should be true
The thread explains my momentum scanner and how to build it in #TradePoint software. @Definedge
— DTBhat (@dtbhat) August 29, 2021
Conditions :
1)EMA 8 above EMA 34 and rising
2)Candle close above previous 5 candle high
3) RSI above 60
4) Volume above previous 5 candles
5) ADX above 30
1/n
some recent highs taken out - watching for a close above 774
Also daily chart on 0.25% box size https://t.co/zjVX8UIXBq
![](https://pbs.twimg.com/media/FXX48lgakAENZTY.png)
#ICICIBANK chart is interesting.
— DTBhat (@dtbhat) July 10, 2022
On Renko charts - probable multi brick breakout on higher box size (3%) above 774 (on closing basis)
On P&F charts (3% boxsize) a probable triple top buy above 774
On shorter TF closing above 774 gives a close above 45 degree TL https://t.co/2xq4xumRgz pic.twitter.com/mULPwYdkv7
More from Ultratechcement
![](https://pbs.twimg.com/media/FUwSKhmXwAUTKND.png)
Cement companies are now is good buying zone for long term investors. Downside may not be more than 10-15% at max. Valuations extremely attractive.
— Sandeep Kulkarni (@moneyworks4u_fa) June 8, 2022
As far as I remember cement business has always been a cartel for atleast past 20 yrs.
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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