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Thread: Mean reversal setup
First I would like to credit @kaushikaki Professor for imparting a new perspective to Mean reversal setup (89/200 EMA supports)
I have further fine tuned the setup to include Market breadth, Relative strength and Price performance.
First I would like to credit @kaushikaki Professor for imparting a new perspective to Mean reversal setup (89/200 EMA supports)
I have further fine tuned the setup to include Market breadth, Relative strength and Price performance.
1. Market breadth - This setup is ideal when market breadth (DT% on 0.25) is below 10. Which means out of 50 stocks in Nifty 50 Index only 5 stocks are in double top buy. Indicating a bearish tone.
2. Filter strong fundamental companies - I use @TickertapeIN to identify
2. Filter strong fundamental companies - I use @TickertapeIN to identify
Following are the conditions:
a. Market cap above 2500 crores
b. 5Y Historic Cash flow growth above 10%
c. Price above 30
3. On this group identify stocks which are taking support on 89 and 200 EMA channel (H/L) - Manual scan
4. Make a group of these stocks
a. Market cap above 2500 crores
b. 5Y Historic Cash flow growth above 10%
c. Price above 30
3. On this group identify stocks which are taking support on 89 and 200 EMA channel (H/L) - Manual scan
4. Make a group of these stocks
1 new chart everyday, it could be from any space ~ equities / commodities / crypto / forex / bonds , etc
Will try to do it daily 🙏💪
Here's the first one 👇
SBI vs BankNifty
Ratio chart has given monthly breakout implying SBI could outperform BN in coming months.
#PB365
Will try to do it daily 🙏💪
Here's the first one 👇
SBI vs BankNifty
Ratio chart has given monthly breakout implying SBI could outperform BN in coming months.
#PB365
