If we see Majority of sectors have made bearish candles or are making bearish setups.
Find those weak sectors and find those stocks in those sectors that didn't perform well in the up move short those. Vice Versa.
"Weak gets Weaker"
"Strong gets Stronger"
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This thread might be the most important thread we have written so far. It can save a lot of new traders that have entered the arena post March 2020 Covid Crash.
So Retweet should be a must. Let's begin.
Last weekend we got an opportunity to meet with a market veteran who has been in the market for 36
years now he has witnessed atleast 3 bull runs and 4 crashes.
This is how the conversation went..It was in Hindi but translating to English.
[MV= Market Veteran C= Chartians]
C: Sir, honoured to talk to you. What are your thoughts on this bull run that we are witnessing?
MV: It's just another cycle that will end with newbie traders giving bad words to the market and getting out.
Ever wondered what is breakout and what is breakout retest? and why retest happens?
Go through this thread to understand this unpopular concept.
Give us a LIKE and RETWEET if you feel the thread was worth a read.
What is breakout and what are the types of breakout?
We have written a in depth explanation on this topic earlier. Refer below link, read it, comeback and continue this thread.
So among breakouts, one is breakout and retest. So why retest happens?
It is said that 90% of breakouts fail. Either they give a false breakout or they reverse from the breakout level to their orginal price. An example is given in the attached image
Darvas Box is named after Nicolas Darvas, who was a dancer and self-taught investor.
He discovered "Box Theory" after gaining experience from the market and he believed that the shares which move up and down the chart move in a specific box pattern.
2/11
There are some condition to use Darvas Box and we will discuss only buy strategy:
1. Stock should be trading near all time high levels 2. Fundamentals of the company should be good 3. Volumes play a crucial role
All about basic CANDLESTICK patterns a chart analyst should know! - Part 2
Kindly retweet🎯, like💚 and help us reach maximum people by sharing if you benefitted/benefitting from below thread.
In Part - 1 of this series, we have seen 1. Doji 2. Harami 3. Hammer
In this thread, lets checkout few more basic candlesticks with examples. 4. Engulfing candlestick 5. Piercing candlestick 6. Marubozu candlestick
4. Engulfing candlestick.
As name says its a sweep over (something) so as to surround or cover it completely.
The candlestick is termed as engulfing candle if the second candle completely covers the first candle body.
The candle pair should be of opposite colours.