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Yash Dugar

Sep 6, 2021 • 4 tweets • 3 min read

Writing threads on #Fundamentals of a stock has been trending so why not thread on explaining #Technicals of a stock!

"Here is a thread analyzing Technical charts of #Cignitech" - Answer of #chart kya bolta hai.

It gave a rounding bottom + 7 yrs of consolidation breakout!

1/n

* Weekly Breakout of 7 years of consolidation was with huge volumes (highest since listing)which made it a high conviction trade as Price Action has to be backed up with volumes.

* Higher the consolidation before breakout higher conviction on the trade, faster the move after it.

* If you missed the initial breakout then the best time to buy it is on retest with lower volumes on lower time frame i.e daily or hourly!

* The stock made a perfect retest on daily with low vols. & made a reversal pin bar on Weekly at 21 WEMA on 23rd Aug (perfect reentry point)

* Today the stock was up 6.5% with good volumes & crossed 21 EMA after 45 days which means the stock has regained strength.

* The stock looks all set for hitting new highs in the coming weeks!

END

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More from @ydstartupreneur

Yash Dugar

@ydstartupreneur

Mar 27

An educational #Thread on what type of trades 1 can take & what r the rules for it.

Majorly there r 3 types of trades a trader takes :-

* Breakout Trade
* Breakout Retest Trade
* High risk reward contra trades

Disc. - All the #Stocks discussed are for educational purpose!

1/n

#Breakout Trade!

A Breakout trade is usually a trade where the price breaks a strong resistance/supply level after consolidation. These r considered strong stocks.

To add conviction to our trade we check volumes, RSI, RS etc. for confirmation.

Let's understand with e.g :-

2/n

#ADANIPOWER

It has broken strong resistance level of 135 with strong volumes on daily chart with RSI crossing 70, Prev. swing high which adds more conviction in the trade & makes it a high probability trade.

Suggestion - Add 50% qty on breakout & rest 50% wait for retest.

3/n

Read 9 tweets

Yash Dugar

@ydstartupreneur

Mar 13

An educational #Thread on Personal Finance Rules we all must know. Have sorted the rules & explained those which are less known to every1 & are very imp. as got many requests to share in details.

Rule of 70
4% Rule for Financial Freedom
100 minus ur age rule
50-30-20 Rule

1/n

1) "Rule of 70"

Divide 70 by current #inflation rate to know how fast the value of ur investment will get reduced to half its present value.

Inflation rate of 8% will reduce the value of ur money to 1/2 in 8.75 yrs.

1 should always consider while calculating net returns!

2/n

3) "4% Rule for Financial Freedom"

Corpus Required = 25 times of ur estimated Annual Expenses.

E.g- if ur annual expense after 45 years of age is 500,000 and u wish to take VRS then corpus with u required is 1.25 crore.

Put 50% of this in fixed income & 50% into equity.

Cond.

Read 6 tweets

Yash Dugar

@ydstartupreneur

Jan 2

An educational #Thread on how 1 can identify "Freakout"(Fake Breakout) explained with practical e.g's so that every1 can understand.

Identifying Breakout is not a big challenge but exiting it at the right time if it "fails" with minor loss is imp. which 90% people don't do.

1/n

1st lets learn how to judge that the Breakout is not sustaining & time to exit the trade has come for once.

With digital content available identifying #Stocks breaking resistance is not a big task but exiting these trades timely if they go against us is the most imp. thing.

2/n

Let's understand the abv with recent e.g of USDINR. It gave a breakout abv 75.6 after 8 months. Though we saw a mild upmove after that but it drastically failed& cmp is 74.5.

Now if some1 bought on breakout then usually most will hold it till now or exit at cmp in distress.

3/n

Read 8 tweets

Yash Dugar

@ydstartupreneur

Dec 19, 2021

An educational #Thread on 200 DEMA & its imp. in current scenario!

To cut things short 200 DEMA is considered as the decider between who is in dominating i.e bulls or bears. Its equally imp. for #investors & #Traders! Price sustaining below it is considered bad for bulls.

1/n

Though major indices like #nifty50 , banknifty, small & mid caps index are all trading above 200 DEMA but the major ones are not far from it. A major concern is the darlings of the market having high weightage have started trading below it.

Lets understand more with e.g's.

2/n

#HDFC Twins - Combined they have 15% weightage in Nifty & the picture doesn't look rosy.

For the 1st time in this entire bull market rally both have closed below 200 DEMA which was earlier a strong support. Though a LL again would be a confirmation of bears dominating both.

3/n

Read 8 tweets

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