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
To get early (a day before) and complete access to the document, join the Telegram Channel at t.me/thenoiselesstr…… or Join Technical Club at @StockEdgeSocial
In this thread we will discuss: 🧵⬇️ 1. What is a Point & Figure Charts (P&F) 2. Why consider P&F for trading and investing 3. Construction of P&F Charts 4. How P&F method of charting will help you
1/33
What is a P&F?
P&F chart plots price movements for stocks, bonds, commodities, or futures without taking into consideration the passage of time. Contrary to some other types of charts like OHLC, which mark the degree of an asset's movement over set time periods
2/33
P&F Charts consist of columns of X's and O's that represent filtered price movements. X-Columns represent rising prices and O-Columns represent falling prices.
In the document ⬇️ 1. #Nifty Range and Breadth 2. #Banknifty range and Breadth 3. #Sector Breadth 4. #FII Derivative Activity 5. #Summary of the analysis
1. The marked zone in 'Green' is Demand Zone for Nifty 2. Price has traded there for more time than expected near the Demand Zone 3. Price trading near the demand zone is a negative sign and may have weakened the zone
The most relevant indicator to understand and evaluate market sentiment
In this thread: 1. What is a breadth indicator 2. Different types 3. How to use it
Concept Thread 🧵⬇️
Breadth helps to evaluate the market sentiments by measuring the number of stocks above and below particular criteria.
2/49
When a trend is strong: most of the stocks are moving with it, and new trades in the direction of the trend may not prove to be profitable or affordable from SL standpoint many a time.
In the thread ⬇️ 1. #Nifty Range for the day 2. Nifty Breadth 3. #Banknifty range for the day 4. Banknifty Breadth 5. #Sector Breadth 6. #Derivative Analytics 7. Summary
1/10
1. Nifty below TMA is bearish 2. Currently near the support zone 3. If Nifty goes below 15860 it will increase the chances of reaching 16670 levels or further below
2/10
Nifty Breadth is cooling off which is a good sign for the markets
In the thread ⬇️ 1. #Nifty Range for the day 2. Nifty Breadth 3. #Banknifty range for the day 4. Banknifty Breadth 5. #Sector Breadth 6. #Derivative Analytics 7. Summary
1. Trading below TMA 2. TMAs are turning negative 3. When TMAs are in the process of becoming negative = #markets generally go sideways 4. Expect sideways to #bearish action
1/12
Did you try predicting momentum in stock but failed? This thread is for you.
In this tread, we will discuss the concept of Momentum Trading using Relative Strength to identify a perfect trade setup which will have high accuracy and small SL.
Strategy Thread 🧵⬇️
2/12
Relative Strength is a behaviour of stock w.r.t Benchmark or Sector. That means it is a method of identifying stocks or instruments that are relatively strong or weak either against benchmark or sector.
3/12
If you are following me for some time now, you know what is momentum.