1. View is Bullish until trading above Triple Moving Average 2. Price trading above 39780 is Bullish 3. Dynamic Support is at 39650, 39600, and 39550 4. Price may take pullback till TMA. It should be considered a healthy sign. #Niftybank#banknifty#BNF
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Follow this thread for a step-by-step guide on how to calculate, interpret, and apply ADX to both OHLC and PnF charts. Plus, discover how to use ADX for indicative scans. #ADX#TechnicalAnalysis#Trading
This thread includes a study of Welles Wilder from his book ‘New Concepts in Technical Trading System’ on the Average Directional Index (ADX). This book also includes details on Average True Range (ATR), the Parabolic SAR system, and RSI.
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This thread is going to be comparatively longer than my other written threads. So to make your learning easy, I have inserted a thread index for your navigation and quick revisits.
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Open Interest and how to effectively use open interest for our analysis
1/22
Let us start with understanding what is Open Interest and why traders are obsessed with OI data. What information we can fetch from the data and why analysing it is important?
2/22
Open interest refers to the total outstanding (or open) contracts in a derivative market at any given time. The quantitative value shows the total number of contracts in the market that have yet to be liquidated.
3/22
“If you are in the right sector at the right time, you can make a lot of money real fast.” – Peter Lynch
In this thread, 🧵⬇️
- we will discuss sector rotation
- how we can spot that with help of @mystockedge
1/17
Sector rotation is the movement of money invested in stocks from one industry to another as investors and traders anticipate the next stage of the economic cycle.
2/17
@vivbajaj along with @mystockedge team introduced the feature recently to identify Sector Rotation.
Way of spotting the influx and outflux of money from one industry to another. A smart way to beat the market return.
3/17
In this thread we will discuss: 1. Pattern construction 2. High Pole 3. How to trade High Pole
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Pattern Rules (three requirements) 1. Breakout – DTB or DBS 2. Long Column 3. Price retracing at least 50%
All happening over 4 Columns
2/20
Price getting retraced by 50% leads to significant erosion in potential profit and hints at strong vertical price reversals known as ‘A’ or ‘V’ shaped reversal
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