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Maybe Scrolly?

Subhadip Nandy

Follow @SubhadipNandy16

29 Jul, 10 tweets, 2 min read

Markets are dynamic, so your analysis should also be dynamic ( change as new data comes in)

BNF now

see the MFI attempting upside breakout before price. So now if price breaks out , that will be a confirmation

I am ready now for an upside spike

Cross of 34720 should lead to a sharp upmove
( see the charts shared, you will understand this level)

anytime now

MFI gave a breakout, but no confirmation from price. 34720 was simply the last swing high. Whatever the indicators say, this is why price confirmation is necessary

Now MFI values too low to short ( despite trendline breakdown). MFI is now oversold.
So, no trade. we wait

The code being used ( if you are new to my timeline)

quantgym.biz/post/mfi-diver…

This is where TA is art. Normally, breakdown in both, so a sell. But MFI values were oversold, selling would have lead to trapped or getting stopped out

expectations..
this is what I am seeing

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More from @SubhadipNandy16

Subhadip Nandy

@SubhadipNandy16

30 Jul

30th July ranges :

Nifty fut : 15952/15618
Balance = 15785

BankNifty fut : 35015/34425
Balance = 34720

Received quite a few questions on how to use these levels, so here are some basic rules

1. 85% of the days, the markets will remain within these levels
2. When there is a breakout/breakdown of any one side, expect a fast large move that day

3. Bullish above the Balance, bearish below it
4. If we are bearish, one can sell CALLs above the upper level and vice versa
5. If bearish, look for sells from your other indicators to buy options and vice versa
6. Expect strong resistance/support at the upper/lower levels

Read 5 tweets

Subhadip Nandy

@SubhadipNandy16

29 Jul

When I started learning technical analysis, took me six months before I could draw trendlines correctly so that I could trust and trade on them.
RSI ?Divergences ? another six months😃

The way I use MFI ? 2 years 😃

Any TA tool like metastock, amibroker or tradingview has hundreds of indicators. Try mastering one at a time, you will master max 2-4 in the next few years

Let's say there is a very good swordsman. He has a very good sharp sword, perfectly balanced.

He gives you that sword, will you be able to fight as good as the swordsman ?

Read 8 tweets

Subhadip Nandy

@SubhadipNandy16

24 Jul

A short thread on #MFI

The basics here :

school.stockcharts.com/doku.php?id=te…

Technical analysis says two things :
1. Momentum precedes price
2. Volumes precedes price

So, if an indicator includes momentum and volume analysis, it will be a leading indicator to some extent. This is the crux why I am so much confident on MFI

The indicator can be used for swing as well as day-trading. I use a period of 10 as I have seen that being our responsive to our markets here

Read 10 tweets

Subhadip Nandy

@SubhadipNandy16

20 Jul

I had this theory that if #Bitcoin went below $30k , this time it probably won't go up again. Let's see

1. I had earlier posted a distribution analysis for bitcoin
2. Traders have been primed by the price action of the past few months where it goes below $30k on weekends and then bounces back. This dip should see heavy accumulation from retail and thus a perfect distribution point

If this is not distribution, I don't know what is. If I were trading this, would have shorted below $29k with a stop at $31k and then progressively trailed stops

Read 8 tweets