This is why I bought Zota Healthcare📜

> Super high buying pressure already up 140% in last 8 weeks + Volume activity

Funda - Co is in super speed opening DavaIndia generic medicine stores in south India

Details in chart below👇

Up 10% today 🚀

RT if you like the analysis ⚡️ https://t.co/hK0ZBLE6Bz

Apollo Hospitals - Another H&S top

There are many H&S top today

Looking at price action in many stocks - Welcome to bear markets fully the start of which was in Oct-Nov 21

3 Common chart patterns guide 🧵

With examples

Do like & retweet👍

1) Cup & handle pattern : As name suggest it looks like a cup & handle. The cup is formed as stock corrects & then starts picking up again.

Handle formation is good process as it then digests the run leading to more sustained move. The specifics of cup above (1/n)

Note - The usual depth of a good cup is max 35% but if the market is coming out of deeper correction. Then the depth of cup can be 50-55% too. But in a bull market a correction more than 35% can result in faulty pattern with lots of overhead supply ..Examples below (2/n)

Examples - Deepak Nitrite, Dixon tech

TD Power System - Recent one ( Note the handle depth here is 19% . As compared to textbook handle this is more. I see upto 20% handles working) (3/n)

2) VCP - Typically volatility contraction is not a pattern but a characteristics of any pattern. You see deep handles >15/20% - you can say that its not a cup & handle ideally but a VCP which is also fine & will work. Reduced volatility is what traders want to move ahead (4/n)

Greenpanel : Bye Bye MDF Story

Long term trendline breakdown + breaking down 10/20 EMA

One should book profits in this if holding from lower levels..Also, MDF is cyclical - Use of technical sis must for exiting

Detailed warning analysis 1 month back - https://t.co/zJ09RLy3mB

3 Ways to ride a stock (a thread) >Do retweet if it adds value as this took a long time for me to make

1) 10/20 Day EMA - Enter the stock as it comes up back to the 10/20 day EMA and ride it till it drops below or SL hits as explained below

Eg -Nitin Spinners as below chart

2) Weekly Super trend (Setting 2,7): Whenever trend changes , volatility increases & supertrend measures volatility..That's the logic behind it

Eg - Deepak Nitrite

@caniravkaria @RajarshitaS

3) 10 Week MA : Trend following can be done using 10 w MA

Eg - Saregama

Ote - Fundamental analysis has to be done for best results as these are to be applied on a growing co + sector movt together ..Eg If you will apply to random co with low RS or low growth..This might be very choppy

Do retweet if make sense so as I can make more of such thread