Thread by @SanjRaghuvanshi

#Chartreading #technicalfunda #Raghumantra Classes
Take an Indicater and build an understanding around it.
Today's indicater= #ADX (used to help measure the overall strength of a trend)
For illustration purpose, lets scan for a pullback where trend is quite strong.Conditions:
1/n

2/n
Using the above scanner, I got three stocks:
Gati
GuficBio
Saregama
Checked the higher t/f (in current case Weekly) to look for current range & resistances.
#Chartreading with #Raghumantra Classes

3/n
Then come down to our chosen t/f i.e Daily to fathom probable support points for the current pullback e.g.
20DEMA
50DEMA
Monthly Pivot
Demand zone
Fibo retracement level
Trendline
#Chartreading with #Raghumantra Classes

4/n
If one is able to combine positive divergence in still lower t/f of 75min charts with the abovementioned/illustrated support points,it gets much better results in catching end of pullback.
#Multitimeframe
#Technical
#Pullback
#TRADINGTIPS
#Raghumantra Classes