Jay Pattanaik Profile picture
Aug 27, 2022 34 tweets 14 min read Read on X
#Technical_Learning_Jay
Don't know or understand or confident in technical analysis. Sharing here the easiest way to apply technical. I will share recent, 47 scripts which have touched ATH due to these conditions:
Conditions for trading ATH counters:
1. More number of upward curves at ATH, even without price contractions. Not to be confused with VCP but if it has VCP footprints, best case scenario.
2. RSI above 70, if nearing 80 is the best case scenario.
3. Bullish RSI divergence confirms the breakout at pre-breakout.
4. Increased volume activities, even red candles are included.
5. Time for the maturity of the trade will be from 1 - 5 months.
6. Keep time SL or SL also in place in order to switch to new trade.
Depending on the response I will share a readymade list of potential candidates which can generate returns in the next 1-5 months.
#ADANITRANS - 26.5% up in 18 trading sessions. Image
#AIAENG 20.5% up in 62 trading sessions Image
#ABB 29% up in 34 trading days. Image
#ASTRAMICRO 27.9% up in 5 trading days. Image
#ATGL 26.9% in 32 trading sessions. Image
#AXITA - 26.4% in 13 trading sessions.
#BEL 18% in 24 trading sessions. Image
#BHAGCHEM 19.6% in 13 trading days. Image
#BLUEDART 23.8% up in 27 trading sessions. Image
#CANTABIL 23% in 10 trading sessions. Image
#DATAPATTNS 11.9% in 3 trading sessions. Image
#DEEPAKFERT 39.4% in 16 trading sessions. Image
#EICHERMOT 16% in 14 trading sessions. Image
#ELECON 82% in 36 trading sessions. Image
#ELGIEQUIP 19.8% up in 15 trading days. Image
#GESHIP 29.7% up in 24 trading sessions. Image
#HAL 19.5% up in 13 trading sessions. Image
#ICEMAKE 44.4% up in 17 trading days. Image
#KSB 26.6% up in 15 trading days. Image
#MAHSEAMLES 39.9% up in 41 trading days. Image
#MANYAVAR 14.9% up in 4 trading days. Image
#MAZDOCK 12.3% up in 8 trading days. Image
#MEDICAMEQ 38% up in 6 trading days. Image
#NRL #NupurRecyclers 33.5% up in 7 trading days. Image
#PAGEIND 9.9% up in 15 trading days. Image
#PANCHSHEEL 35.3% up in 7 trading days. Image
#PARTYCRUS 86% up in 15 trading days. Image
#POWERMECH 35.4% up in 10 trading days. Image
#PRICOLLTD 32.9% up in 37 trading days. Image
#RAINBOW 24.5% up in 11 trading days. Image

• • •

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

Keep Current with Jay Pattanaik

Jay Pattanaik 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 @jaykpattanaik

Jun 11, 2023
1/11: The High Tight Flag (HTF) pattern, also known as Powerplay, indicates a potential strong upward movement in price after consolidation. It consists of a sharp price surge (pole) followed by a tight consolidation (flag) and breakout. #HighTightFlag #Powerplay Image
2/11: Anatomy of HTF:
Flagpole: Unusual surge in price and volume within a short time.
Flag: Consolidation phase with a narrow trading range and lower volume.
Sloping Flag: It may exhibit a slight downward slope.
Duration: Typically lasting weeks to months.
3/11: Key Characteristics of HTF:
-Not solely dependent on strong fundamentals.
-Occurs due to special situations or unexplained strength.
-Less influenced by the general market.
-Works with any instrument and time frame.
-High reward-to-risk ratio, daily returns averaging 2-5%.
Read 12 tweets
Jan 9, 2022
Magic of IPO Listing High/Base Break-Out

Reasons for BO:
1. Entry of Fund House
2. Delivered as mentioned by Mgmt.
3. New favouring Govt Policies.
4. Need of hours of the product.
Types of IPO BO Candidate. Three kinds:
#IPO_Candidate_1 - Premium Listing followed by 15-45% corrections. 2-4x Potential after listing high BO, Time-frame – 1yr. e.g. #INDIAMART #HAPPSTMNDS #MTARTECH #POLYCAB #ANURAS #AFFLE
Read 15 tweets
Jan 8, 2022
#LXCHEM A gain of 33.33% is due. Seen making a base around 426, moving in a tight band (421 to 441), needs to break the upper limit(451), or lower limit(406) for confirming the move on either side. Negotiation of final at resistance(464) or support(392) will decide future course.
The move upward or downward is not clear as of now, but from the range, it is evident that the operator was keeping it in a band of 426 to 441 with very low volume, for 2 months plus. The stock was in ASM + circuit limit of 5% was a big spoiler.
Since the stock has come out of ASM yesterday, from the tight range it can be assumed that the counter should move northwards but may be to shake the existing stockholders or new entrants based on ASM news the operator might do some shake outs on either side.
Read 4 tweets
Jan 2, 2022
Magic of Multi-Year Breakout
1. It is well-established fact any counter which gives a multi-year breakout, it gives exponential returns in the shortest time frame.
#Multi_Year_Breakout
2. Pre-requisites for Multi-Year Breakout
(a) Turn around in company philosophy and/or management and/or profit generation.
(b) Govt Policies e.g. Ethanol blending, scrappage policy, make in India, various PLI schemes. #Multi_Year_Breakout
2. Pre-requisites for Multi-Year Breakout - Contd...
(c) Crisis e.g. Covid, Semiconductor shortages.
(d) Brownfield or Greenfield investment starts paying.
(e) Market maturity e.g. Rising interest in platforms business #Multi_Year_Breakout
Read 48 tweets
Jan 1, 2022
New Year Pick - #DATAPATTNS #datapattern
CMP 760 on 31st Dec 2021, Expecting it minimum of 3x by 31st Dec 22.
Discloser – I have in my portfolio, I may have bias.
1. DATAPATTNS - Upper limit of issue price was 585, available Rs 175 higher than CMP 760 on 31st Dec 2021.
2. Q1(Mar) company gets 90% of its revenue remaining three Qtr 0-10%. #DATAPATTNS #datapattern
3. Alphas
(a) Chairman and MD Srinivasagopalan Rangarajan @Data_Patterns energy-level, involvement, aspiration, and transparency. He is an IIT-Madras graduate.
(b) Issue price valued at ~49x of FY21 earnings, #MTAR is 149x, #Paras is 150x and #AstraMicrowave is 78.38x
Read 13 tweets
Jul 21, 2021
#Technical_Learning
Price-volume relationships can tell, 4 major things. A study of volume bar is a must to confirm candle patterns. Image
BO trades may not be cutting it in the present market as reversal trades take the spotlight. Join me as we explore the conditions for a successful reversal trade with a live example.
#reversaltrading #Breakout_Failures #Technical_Learning
Conditions for Taking Reversal Trades:
#reversaltrading #Breakout_Failures #Technical_Learning Image
Read 6 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!

:(