In @screener_in
• ROCE should be > 10
• Ratio of Stock P/E to ROCE should be < 2
• D/E ratio should be < 1
• Sales & PAT should be in uptrend continuously
Consider only those stocks that meet at least the first 3 criteria. Refer 👇
Complete credit to @theProfessorDev. I have just modified it to be more user friendly.
So, what's different in this?
- You can now backtest this strategy on the time period you want - it is no more an indicator alone 1/n
- You can also backtest this strategy for any N period high low break. Usually, you will find traders using Day/Week high and low breaks. But, I've made this strategy generic to even test a 1/2/3/4 hour high/low breakout. 2/n
Example: You can test a 5 hour high/low breakout on a 15 min TF and trade this strategy.
Stop gambling & Start learning: I have received a few DMs about how people have lost lakhs & want a strategy to recover those losses. Here is my suggestion. If you are not profitable, do not trade FnO or anything for that matter. Stop today & vow not to trade unless you learn.1/n
But, then how does one learn? Start with Identifying support and resistances - this is the ABC of markets and everyone must know this, especially discretionary traders. Perfect this on the monthly and weekly charts. 2/n
It is pretty easy to learn this on higher TF than on 5/15/30 mins TF where there is a lot of noise. Practice this over the next 6 months and buy stocks where you see there is a proper setup. I have many charts on my timeline for reference. 3/n
Thread: All the stocks I post are from an investment perspective & I prefer to ride it with the strategy mentioned in this tweet. To know how it works, you must apply this strategy on hundreds of stocks and see it for yourself
Obviously, you can pick a few and ride the short term trend as well using the strategy in this tweet. Again, apply it on hundreds of stock and experience how it works
If you are a beginner, you may choose to focus on these two strategies. Allocate 50% capital to each and practice this to see the results. Remember, without a proper strategy you are bound to lose in the long run and you will be drained both capital wise and emotionally too. 3/n