Discover and read the best of Twitter Threads about #IPOBASE
Most recents (6)
I studied all #Adani charts so that you don't have to
Everyone is telling what #Adani should do.
Nobody is telling what #Adani shareholders should do.
Like and retweet appreciated - telegram.me/chartians
One by one charts with explanation below 👇👇
Everyone is telling what #Adani should do.
Nobody is telling what #Adani shareholders should do.
Like and retweet appreciated - telegram.me/chartians
One by one charts with explanation below 👇👇
#Adanient cmp 2760
Traders : Any pullback till 3150 is a short opportunity
Investors : 3150 should've been your stop, but any crack below 2400, you will suffer deeply.
Traders : Any pullback till 3150 is a short opportunity
Investors : 3150 should've been your stop, but any crack below 2400, you will suffer deeply.
#Adaniports cmp 596
Traders : Any rise till 670 can be a short opportunity
Investors : 500 a good level to add, long term trend still intact
Traders : Any rise till 670 can be a short opportunity
Investors : 500 a good level to add, long term trend still intact
Neil, the IPOBase strategy you shared in your newsletter - which was shared by your friend - was popularized in India by my research which was published in March 2021. It is actually O'Neil's work, but had never been popularized here because no one ever did a #deepdive on it. (1)
But #IPOBase in not only about buying the high of the listing week. It is infact an extremely poor interpretation of the work.
A strategy is not only limited to a setup, what makes it effective is when you manage it according to its nature & potential. (2)
A strategy is not only limited to a setup, what makes it effective is when you manage it according to its nature & potential. (2)
The entire fintwit community took the setup from my research - which was done on all IPOs listed since 2017 and parts of it was published on twitter - but didn't paid attention to the trade management rules which resulted into underperformance for them. (3)
As this is a question several people asked me, hence posting it as a thread.
I rarely follow any rule, I believe in my abilities to identify character. It makes me able to make decisions in confusing situations too.
#IPOBases are volatile in nature. What I saw before (1/n)
I rarely follow any rule, I believe in my abilities to identify character. It makes me able to make decisions in confusing situations too.
#IPOBases are volatile in nature. What I saw before (1/n)
entering this stock was 3 days out of which on 18th Nov. gave a strong recovery and closed strongly. Next two days saw a volatility contraction in form of inside bars.
If a stock is not falling down, it is first sign of a probable recovery. Anything which is not going down (2/n)
If a stock is not falling down, it is first sign of a probable recovery. Anything which is not going down (2/n)
shows its line of least resistance is not downwards, but have higher chance of it having upwards (which confirms through breakout).
Volatility is both - a trader's friend and the biggest foe. Foe when it is directionless, and friend when it expands in one direction and (3/n)
Volatility is both - a trader's friend and the biggest foe. Foe when it is directionless, and friend when it expands in one direction and (3/n)
Hi Srikanth, you asked a very good and valid question. And I will love to revert on it.
First thing is, you need to understand that TA & a trading system are two different things. TA doesn't makes money, your system does.
TA just tells you that there are higher odds of (1/n)
First thing is, you need to understand that TA & a trading system are two different things. TA doesn't makes money, your system does.
TA just tells you that there are higher odds of (1/n)
something happening over another thing.
If you read the bible of TA - John J. Murphy's Technical Analysis of the Financial Market, you won't be able to make money from it, as it might tell you about all sort of studies that can tell about having higher odds of one outcome (2/n)
If you read the bible of TA - John J. Murphy's Technical Analysis of the Financial Market, you won't be able to make money from it, as it might tell you about all sort of studies that can tell about having higher odds of one outcome (2/n)
over another but there is much more left to be addressed to make it an implementable trading strategy.
This is the difference between a setup and strategy, which we often use interchangeably, but they are two different things. Setup is part of strategy. For example, the (3/n)
This is the difference between a setup and strategy, which we often use interchangeably, but they are two different things. Setup is part of strategy. For example, the (3/n)
#CaseStudies #IPOBase #Shankara
As mentioned, here is my next study on #IPOBases on Shankara Building Products. The public offer for Shankara opened on 22nd March, 2017 & closed on 24th March, 2017. It saw good response in public offer, got subscribed 41.88 times and got (1/n)
As mentioned, here is my next study on #IPOBases on Shankara Building Products. The public offer for Shankara opened on 22nd March, 2017 & closed on 24th March, 2017. It saw good response in public offer, got subscribed 41.88 times and got (1/n)
listed at 18% premium on 5th April, 2017.
Post listing what the stock made, we can call it a model IPO Base. It just can't be any better. The stock rose for 5 days post listing, signifying good demand before forming its left side high of the base. For 2 weeks we saw a (2/n)
Post listing what the stock made, we can call it a model IPO Base. It just can't be any better. The stock rose for 5 days post listing, signifying good demand before forming its left side high of the base. For 2 weeks we saw a (2/n)
little pullback, after which the stock starts carving its bottom. Continuous 6 weeks tight closing, something which can't be more constructive for an IPO base.
Lets see this in daily. There are 3 entries available here - 2 as cheat & one at standard breakout level. (3/n)
Lets see this in daily. There are 3 entries available here - 2 as cheat & one at standard breakout level. (3/n)
Conducting study on how we would have done if we would have bought every valid #IPOBase breakout since 2017. This will help us in finding the success rate of IPO bases and also in identification of the characteristics of a high probability setup. While I wish to publish (1/n)
complete study & the results on completion, but as it includes too many stocks and multiple charts of each setup, it will become too much complicated to publish on twitter. Hence I will share some #CaseStudies here which I hope will be beneficial not only in understanding (2/n)
IPO bases but also trade management, scaling in & out, identification of warning signs and selling into weakness.
To achieve consistent success in trading, it is essential for us to reduce subjectivity in trading though we can't eliminate it completely. So, am following (3/n)
To achieve consistent success in trading, it is essential for us to reduce subjectivity in trading though we can't eliminate it completely. So, am following (3/n)
