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 🧵 to learn the above from @iManasArora
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 profits
30-40% move in just 5-6 days is one example of extended move
How Manas used this info to book profits
Post that the plight of the stock:
A Thread on Ratio analysis and respective charts
No need to grab a coffee,Chai will do😄
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
No need to grab a coffee,Chai will do😄
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)
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 👇
However the idea is to pick only stocks which are taking support near 50 or 200 EMA
Let us begin with first sector 👇
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 Examples👇
In This Pattern #StockSelection & #TimeBalance Is The Key!
Buy Strongest Stock, Sell Weakest
Scroll For Examples👇
#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 🙂
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 🙂
#VOLTAS on 30M
Stock is SuperStrong & Correcting Since Few Days, Then Made 1-2-3 Pattern & Blasted
Cool 15K Per Lot & Traded
Stock is SuperStrong & Correcting Since Few Days, Then Made 1-2-3 Pattern & Blasted
Cool 15K Per Lot & Traded
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
