26 Dec, 8 tweets, 4 min read
๐๐ก๐ ๐๐-๐๐๐๐ค ๐๐ง๐๐๐ฑ ๐๐๐๐ง๐ง๐๐ซ ๐

Please Like & RT this if you find value ๐

The 52-week index filter on @screener_in is one of the most effective ways to filter out stocks for #equity segment.

1/ The 52-week index is simply a stock in its 52-week band.
The formula is:
(๐๐ถ๐ณ๐ณ๐ฆ๐ฏ๐ต ๐ฑ๐ณ๐ช๐ค๐ฆ - ๐๐ฐ๐ธ ๐ฑ๐ณ๐ช๐ค๐ฆ) * 100 / (๐๐ช๐จ๐ฉ ๐ฑ๐ณ๐ช๐ค๐ฆ - ๐๐ฐ๐ธ ๐ฑ๐ณ๐ช๐ค๐ฆ)
๐ฉ๐ฎ๐น๐๐ฒ ๐ถ๐ป %
2/ Now you may ask what is the ๐ฑ๐ฎ-๐๐ฒ๐ฒ๐ธ ๐ฏ๐ฎ๐ป๐ฑ?
Lets understand this with an example -
Take this example of #Birlasoft.
Current Price= โน531
52-Week High= โน538
52-Low= โน216

So, its ๐ฑ๐ฎ-๐๐ฒ๐ฒ๐ธ ๐ฏ๐ฎ๐ป๐ฑ comes at -
= (531-216)/(538-216)*100
= 97.5%
3/ What does this mean?

Basically, we want to look at stocks that are in the top half of their 52-week band (the highlighted area in the diagram) or within 75% of its ๐ฑ๐ฎ-๐๐ฒ๐ฒ๐ธ ๐ฏ๐ฎ๐ป๐ฑ.
4/ The main reason we want to select these stocks are because we want stocks wherein the demand is more than its supply.

A stock within its 52-week band means that buyers are still activated here. This simply shortens our filtering process.
5/ Link for a #Scanner I use on weekends on @screener_in -
screener.in/screens/563395โฆ
6/ This isn't perfect but it gives you with around 200 names during the weekend, you have to go through them manually and trade stocks that are outperforming the broader #NIFTY500 and breaking out of sound technical structures.

แดสแดษดแด สแดแด!โฅ๏ธ

๐๐๐ญ๐ฐ๐๐๐ญ ๐ญ๐ก๐ ๐๐ข๐ซ๐ฌ๐ญ ๐ญ๐ฐ๐๐๐ญ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ญ๐ก๐ซ๐๐๐ ๐๐จ๐ซ ๐๐๐ญ๐ญ๐๐ซ ๐ซ๐๐๐๐ก. โ

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# More from @sarosijghosh

12 Dec
๐๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐น

~๐ ๐๐ก๐ซ๐๐๐ ๐งต๐~

1/
Volatility Contraction Pattern (VCP) as laid out by
@markminervini is a contraction in price and volume of a security in its simplest meaning.
Some people think that making a few curves makes a VCP. This idea of VCP is so wrong that the pattern loses it's true essence.
2/
Allow me to explain -
A VCP is not a holy-grail pattern. A VCP has the same characteristics to a Cup & Handle, Inverse H&S, Triangles, Rectangles, among many others.
17 Nov
๐๐๐๐๐๐๐๐๐ - ๐ ๐๐๐ฌ๐ ๐๐ญ๐ฎ๐๐ฒ
(How I took the trade in #BIRLASOFT, and how I'll be managing the trade now)

๐๐ช๐ด๐ค๐ญ๐ข๐ช๐ฎ๐ฆ๐ณ: ๐ ๐ข๐ฎ ๐ฏ๐ฐ๐ต ๐ฆ๐๐๐ ๐ณ๐ฆ๐จ๐ช๐ด๐ต๐ฆ๐ณ๐ฆ๐ฅ.

1/ Price was stuck in a range for a long time after a good advance. Now, when I saw the chart for the first time I thought that maybe distribution was going on, in the overall context of the trend.
But, upon closer look I found something interesting.
2/ Look at the price and volume relationship, whenever price was heading higher, volumes were mostly above average.
Now, I was beginning to think that maybe it was not a distribution phase, but re-accumulation.
14 Nov
๐ช๐ต๐ ๐ฏ๐ฒ๐๐๐ถ๐ป๐ด ๐ฏ๐ถ๐ด ๐บ๐ฎ๐๐๐ฒ๐ฟ๐? โญ๏ธ

๐๐๐๐๐๐ ๐งต

1/ One of the most important aspect of making it big as a trader is to learn the art of 'betting big'. Virtually every single superstar trader/investor we have heard of has at some point of time in their careers bet big on their best ideas.
2/ What do George Soros, William O'Neil, Warren Buffett, Paul Tudor Jones, Jesse Livermore, Bruce Kovner, and @markminervini have in common? They all knew and practiced the art of the big bet. They are/were masters of the big bet-in respect to betting big on their best ideas.
13 Nov
๐๐ข๐ช ๐ง๐ข ๐ ๐๐๐ก๐ง๐๐๐ก ๐ ๐ง๐ฅ๐๐๐๐ก๐ ๐๐ข๐จ๐ฅ๐ก๐๐ ๐๐

~๐ฐ ๐๐ท๐๐ด๐ฐ๐ณ ๐งต~

โฅ๏ธ & ๐๐๐๐ ๐๐๐ ๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐ ๐๐๐๐ ๐๐๐๐๐

@ProdigalTrader @SouravSenguptaI @PAlearner @Puretechnicals9 @caniravkaria @JayneshKasliwal
โA journal helps you to monitor both the performance of your trading system and your ability to execute it with consistency.
2/ When kept right, your trading journal becomes an invaluable reference manual that can help you recall both what youโve done right and what youโve done wrong in the past, thus keeping you on the right track moving forward and preventing the same mistakes again in the future.
24 Oct
๐๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐ - ๐ ๐ ๐ฎ๐ข๐๐ ๐ญ๐จ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐ ๐ฆ๐๐ซ๐ค๐๐ญ๐ฌ ๐๐๐ญ๐ญ๐๐ซ!๐

Please RT this tweet for more reach ๐ค

1/
Dow Theory was introduced to the world by Charles H. Dow, who also founded the Dow-Jones financial news service (Wall Street Journal).
The Dow Theory forms an important part of technical analysis.
2/
The principles of Dow Theory help traders understand the market better and identify price and volume movements accurately. The Dow Theory primarily helps traders identify market trends with great accuracy, so they can take advantage of potential price action points.
24 Sep
๐ง๐ฅ๐๐๐๐ก๐ ๐๐๐ก๐๐๐๐ฆ๐ง๐๐๐ ๐ฃ๐๐ง๐ง๐๐ฅ๐ก๐ฆ !๐

~๐ฐ ๐๐๐๐๐๐~๐งต

๐ฟ๐๐๐๐๐ ๐๐-๐๐ ๐๐๐ ๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐ ๐๐๐๐ ๐๐๐๐๐ ๐ค

@ProdigalTrader @SouravSenguptaI @PAlearner @Puretechnicals9 @caniravkaria @MrigankPuri @nison_steve @chartmojo
(1/18) In this thread, l'll try and talk about candlestick patterns, what they are, how they work, and why you donโt need to memorize any particular pattern to gauge the supply and demand of market.
(2/18) Itโs said that Japanese candlestick patterns originated from a Japanese rice trader called ๐๐ถ๐ฏ๐ฆ๐ฉ๐ช๐ด๐ข ๐๐ฐ๐ฏ๐ฎ๐ข during the 1700s. Later, this concept was introduced to the Western world by Steve Nison, in his book, 'Japanese Candlestick Charting Techniques'.