Discover and read the best of Twitter Threads about #AshokLey

Most recents (4)

One of the most successful stock trader with special focus on cash stocks and who has a very creative mind to look out for opportunities in dark times

Covering one of the most unique set ups: Extended moves & Reversal plays

Time for a ๐Ÿงต 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 profits

Read 34 tweets
A Thread on Ratio analysis and respective charts
No need to grab a coffee,Chai will do๐Ÿ˜„

The idea is to identify relatively stronger sectors & stocks when breadth is weak

Breadth=DT 1% (No of stocks in Double top buy on 1% PnF chart)

Breadth started falling from 14th Jan 2022
So we need to identify sectors which remained resilient when market breadth was falling.

We will look back 8 trading sessions and any score above or equal to 5 is bullish (63% of times Sector outperformed benchmark)
Mean reversals are best suited for current market breadth scenario. Once we have identified the sector the next step is to identify stocks in same fashion.

However the idea is to pick only stocks which are taking support near 50 or 200 EMA

Let us begin with first sector ๐Ÿ‘‡
Read 16 tweets
Just Amused With Queries On Such #Simple 1-2-3 Pattern, So Giving Few Current Examples In #Thread To Make It Even More Clear! Stocks Which We Traded & Tracking

In This Pattern #StockSelection & #TimeBalance Is The Key!

Buy Strongest Stock, Sell Weakest

Scroll For Examples๐Ÿ‘‡
#ADANIPOWER on 30M

Stock Is In Daily Uptrend, Corrected For 3-4 Days, Then Made 1-2-3 Pattern with Entry at 61.75

In Few Hours 5% Movement, Thats 60k Per Lot , Traded This ๐Ÿ™‚
#VOLTAS on 30M

Stock is SuperStrong & Correcting Since Few Days, Then Made 1-2-3 Pattern & Blasted

Cool 15K Per Lot & Traded
Read 9 tweets
A beautiful textbook type H&S pattern is developing in #Ashokleyland. Recent rise to 123 levels are rejected & below 100 it may travel to 30. Setup invalid on the close above 125 #PriceAction #WeekendLearning @sanstocktrader @Amit_Gulecha @rachitpjain @CAtLarge @ravi_mehata
#ASHOKLEY below 108 can head towards 105 & 102 in coming days. Price Action not supporting the higher prices as huge supply is present between 111-115 zone. Keep it on your watch-list! #PriceAction
#Update on #ASHOKLEY

Head & Shoulder pattern is working exactly the way it should. Already given 14.5 points profit below 100 as it has made a low of 86.5

Hope you enjoyed the power of simple price action strategy!
Read 3 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!