Share this page!

Chhirag Kedia Profile picture
Twitter logo
May 26 • 11 tweets • 4 min read
The 2nd point here gave me goosebumps. Had been fighting against this myth of overhead supply and nonsense of buying at the ATH since long. Finally it is backed by performance too. 1/n
This myth busting started with my concept of #200MA_LLR. I needed to thought deeply about it because in that setup, overhead supply was a common question and concern. Some of the first tweets regarding it where here. 2/n

The same I explained in detail in my talk about the setup #200MA_LLR in #GroupTalk No. 2. You can go through it to understand it properly.

Again!
Again!
Again!
Again!
Again!
Am not quoting reference to claim some credit, but to show this is the time to dump this non sense myth of overhead supply and buying at ATH which is instigated into the mind of retailers. It is the time to start acting where the institutions act. Because there is where the (9/n)
highest form of urgency is.

Finally the reason why I appreciate #Darvas a lot, and hate people for whom Darvas boxes are everything - Darvas wrote the same some 5 DECADES AGO! Here you go! Image
Now its upon you - whether you wanna get rid of this myth or not. (11/11)

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Chhirag Kedia

Chhirag Kedia Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @swing_ka_sultan

Chhirag Kedia Profile picture
May 28
Few months back I was in need for data for one of my research work. I had the raw data but I was looking for the code which can extract data in required format for research.

I wrote to everyone in India who could have helped me. They all are very famous & respected people. (1/n)
I also tried to hire professionals who can do it for me. But they said it is not possible to do in this software.

I finally wrote to the company whose software I was using. They said, it is possible but didn't provided the code.

"IT IS POSSIBLE" - these were magical (2/n)
words. It inspired me to work on my own to find the solution. Finally after putting few days of effort, and doing some 'jugaad', I was able to extract the data in the way I needed it for research.

It was a moment of joy and pleasure. Finally after so much effort I 'earned'(3/n)
Read 9 tweets
Chhirag Kedia Profile picture
May 6
Many people keep on wondering about stages- stage 1, 2 etc. I usually do not bother much. Reason is, I usually do not get a tradable setup with right entry without a stock being in a stage 2 advance.

I just follow 2-3 rules for quick analysis. Firstly, I do not buy any (1/n)
stock below its 200 DEMA. Not because this 200 DEMA rising for X no. of months will show me that the trend is established, but because it will provide resistance when the stock surges upwards.

2nd thing I like to see is volume. Stage 1 is neglected phase, except some core (2/n)
value investors and some stealth accumulation happening by institutions, not many people will be active there. So the activity is muted, and so is the volume. But no stage 2 can ever trigger WITHOUT CONSIDERABLE SURGE IN VOLUME. This surge will happen in overall volume (3/n)
Read 6 tweets
Chhirag Kedia Profile picture
Mar 20, 2021
#CaseStudies #IPOBase #Shankara

As mentioned, here is my next study on #IPOBases on Shankara Building Products. The public offer for Shankara opened on 22nd March, 2017 & closed on 24th March, 2017. It saw good response in public offer, got subscribed 41.88 times and got (1/n)
listed at 18% premium on 5th April, 2017.

Post listing what the stock made, we can call it a model IPO Base. It just can't be any better. The stock rose for 5 days post listing, signifying good demand before forming its left side high of the base. For 2 weeks we saw a (2/n)
little pullback, after which the stock starts carving its bottom. Continuous 6 weeks tight closing, something which can't be more constructive for an IPO base.

Lets see this in daily. There are 3 entries available here - 2 as cheat & one at standard breakout level. (3/n)
Read 20 tweets
Chhirag Kedia Profile picture
Mar 18, 2021
Conducting study on how we would have done if we would have bought every valid #IPOBase breakout since 2017. This will help us in finding the success rate of IPO bases and also in identification of the characteristics of a high probability setup. While I wish to publish (1/n)
complete study & the results on completion, but as it includes too many stocks and multiple charts of each setup, it will become too much complicated to publish on twitter. Hence I will share some #CaseStudies here which I hope will be beneficial not only in understanding (2/n)
IPO bases but also trade management, scaling in & out, identification of warning signs and selling into weakness.

To achieve consistent success in trading, it is essential for us to reduce subjectivity in trading though we can't eliminate it completely. So, am following (3/n)
Read 27 tweets
Chhirag Kedia Profile picture
Oct 25, 2020
On this very auspicious day of Shree Vijaya Dashami, I am glad to announce the launching of my Chart Reading Master Class Course, the CRMC. CRMC is actually Module A of my Mentorship Program which is currently available only to those who are personally in touch with me. In (1/n)
the past one year, whenever I shared any part of my chart studies or research work, I often get many queries about whether I will be interested in mentoring the way I read the charts, and after a long pending constant demand, I finally decided to launch this program for (2/n)
everyone who are interested.

When I first started in technical analysis back in 2013-14, I wasn't aware of the clutter and misperceptions this subject surrounds. Many widely followed theories and beliefs are highly flawed and doesn't work in the way they are expected to. (3/n)
Read 10 tweets
Chhirag Kedia Profile picture
Oct 16, 2020
#WEEKEND_LEARNING - #CaseStudy of #AVANTIFEEDS

I decided to do case studies of super performers of past few years for research purposes. Will publish some of them here for learning purposes. Today am publishing case study of #AvantiFeeds of year 2017. (1/n) #CS1
We need a beginning point to start studying, and here we will use the point from where we'll determine that the stock is in Stage 2. This is Jan 2017 chart on weekly.

I used bar replay feature of tradingview for this study. On weekly charts these are 10 & 40 period EMAs. (2/n)
And we got our first setup very soon. This is a weekly inside bar, which can be used for a swing trade. WIBs are not bases, they're only temporary pause in upmove, so our expectations should be according to the setup. (3/n)
Read 34 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(