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In this thread will try and cover What is Money Flow Index & how to read the Money Flow Index and It's importance in Stock Investing - I repeat it's Investing Only.

Will explain the concept and post few examples.

Retweet is your Choice and not compulsion.
MFI is an oscillator used to calculate the movement of money i.e., Over Bought or Over Sold Situations.

It has a range of 0 to 100.

Where below 20 being considered as Over Sold Zone and Above 80 being considered as Over Bought Situation.
When Price Of a Stock Moves Up, but Money Flow keeps coming downwards, it indicates that the smart money is exiting or the rise is price will not sustain - hence as an investor one should look at capitalising by exiting on rally.
Read 9 tweets
For those who think that #PriceAction is Holy Grail & I always make money on every trade, here is #YESBANK trade in which I lost small money today. It was a 1:4 RR trade but didnt go well. Its Ok.

Sharing entry logic. Has been taking support on this line so entered at candle 1.
Guys I have shared the logic why I entered. It was one of the setups to spot reversal & I will cover this also in the upcoming sessions. No setup will give 100% accurate trade all the time so its ok to have a failed trade. If u fear like this, u will never enter a reversal trade.
and in all reversal trades (long), price will always be below all major MAs so there is nothing wrong. If u hv any specific learning from this failed trade, please learn & move on & chill. I am happy that with this so many thoughts are provoked which is a good sign of learning.
Read 3 tweets

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