๐๐ต๐ฎ๐ฟ๐๐ถ๐ป๐ธ ๐ฆ๐ฐ๐ฟ๐ฒ๐ฒ๐ป๐ฒ๐ฟ is a Stock screening tool that is useful to screen stocks based on Technical & Fundamentals.
๐ธ It scans stocks by using technical indicators like RSI, MACD, divergences, etc.
๐ธ It also uses fundamental tools like Book Value, EPS,PE etc
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How To Create A Scan ?
Go to chartink.com & click on ๐๐ณ๐ฆ๐ข๐ต๐ฆ ๐๐ค๐ข๐ฏ under ๐๐ค๐ณ๐ฆ๐ฆ๐ฏ๐ฆ๐ณ๐ด.
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๐๐ถ๐ฟ๐๐ ๐ฆ๐๐ฒ๐ฝ ๐ง๐ผ ๐๐ถ๐น๐๐ฒ๐ฟ ๐ฆ๐๐ผ๐ฐ๐ธ๐
We can select segments of stocks of our choice, e.g. cash or futures stocks, Nifty 100 etc.
Click on green โ+โ icon to add conditions.
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๐๐ฎ๐ป๐ฑ๐น๐ฒ ๐ง๐ถ๐บ๐ฒ๐ณ๐ฟ๐ฎ๐บ๐ฒ๐ & ๐๐ผ๐บ๐ฝ๐ฎ๐ฟ๐ถ๐๐ผ๐ป ๐ข๐ฝ๐ฒ๐ฟ๐ฎ๐๐ผ๐ฟ๐
๐ธ We can select any timeframe of candles in Chartink, from minutes to years.
๐ธ And compare two candles using comparison operators like ๐๐ฒ๐ถ๐ข๐ญ ๐ต๐ฐ or ๐๐ณ๐ฆ๐ข๐ต๐ฆ๐ณ ๐๐ฉ๐ข๐ฏ , crossovers etc
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Example: ๐ฅ๐ฆ๐ , ๐๐ ๐ ๐ฎ๐ป๐ฑ ๐ ๐๐๐
๐ธ Daily RSI greater than 70 & close above EMA 50
๐ธ Latest means Daily timeframe 1 day ago means Yesterday and so on
๐ธ MACD Bearish or Bullish Cross
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๐๐ป๐๐ถ๐ฑ๐ฒ ๐๐ฎ๐ฟ ๐๐ฎ๐ป๐ฑ๐น๐ฒ
๐ธ An Inside Bar is a candle thatโs โcoveredโ by the prior candle.
๐ธ Scan to filter stocks from Nifty 500 where the latest 15 minutes candle is an inside bar.
๐ธ [0] means latest candle & [-1] means previous candle
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๐ ๐ผ๐๐ถ๐ป๐ด ๐๐๐ฒ๐ฟ๐ฎ๐ด๐ฒ ๐๐ฟ๐ผ๐๐๐ผ๐๐ฒ๐ฟ,๐ฉ๐ผ๐น๐๐บ๐ฒ ๐๐ผ๐ป๐ฑ๐ถ๐๐ถ๐ผ๐ป & %๐๐ต๐ฎ๐ป๐ด๐ฒ
๐ธ 20 EMA crossing above 50 EMA
๐ธ Latest Volume greater than 1.5 times of 20 days average volume.
๐ธ % Change more than 2%
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๐๐๐น๐น๐ถ๐๐ต ๐๐ถ๐๐ฒ๐ฟ๐ด๐ฒ๐ป๐ฐ๐ฒ ๐ฆ๐ฐ๐ฎ๐ป
๐ธ Divergence means that the indicator is moving in the opposite direction compared to the price.
๐ธ If RSI is making higher highs-higher lows while the price is making lower highs-lower lows, it is termed as Bullish Divergence.
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๐ฑ๐ฎ ๐ช๐ฒ๐ฒ๐ธ๐ ๐๐ถ๐ด๐ต ๐๐ฟ๐ฒ๐ฎ๐ธ๐ผ๐๐ & ๐ก๐ฒ๐ฎ๐ฟ ๐ฑ๐ฎ ๐ช๐ฒ๐ฒ๐ธ๐ ๐๐ผ๐
๐ธ Future stocks closing above 52 weeks high or 252 days high.
๐ธ Stocks near 52 weeks low zone, maximum 10% above 52 weeks low.
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๐๐๐ป๐ฑ๐ฎ๐บ๐ฒ๐ป๐๐ฎ๐น ๐ฆ๐ฐ๐ฎ๐ป๐
๐ธ Stocks with 200% yearly profit jump.
๐ธ Stocks with market cap more than 3000 Cr & paying more than 100% dividend.
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Youtube Video Part 1 : Basics of Chartink Screener
๐ธ ๐ฆ๐๐ฝ๐ฝ๐ผ๐ฟ๐ ๐ฅ๐ฒ๐๐ถ๐๐๐ฎ๐ป๐ฐ๐ฒ ๐๐๐ป๐ฎ๐บ๐ถ๐ฐ
1๏ธโฃ Tired of drawing S/R on different time frames , this indicator automatically plot S/R on charts on different time frames
2๏ธโฃ Works on all time frames
๐๐ฏ๐ฅ๐ช๐ค๐ข๐ต๐ฐ๐ณ ๐๐ช๐ฏ๐ฌ : tradingview.com/v/va09eWAp/
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๐ธ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ ๐๐ถ๐ผ๐ป'๐ ๐๐ป๐ต๐ฎ๐ป๐ฐ๐ฒ๐ฑ ๐ฉ๐ผ๐น๐๐บ๐ฒ
1๏ธโฃ Gives Advance Volume Analytics about Highest volume , lowest volumes in certain period.
2๏ธโฃ Helps to understand Accumultion and Disctrbution characteristics
Auto Adjustment Short Straddle
Expiry Stratgey with 160% in 4 Years
Retweet and Share !
A Thread๐งต
Strategy Setting
We Are booking Straddle on either 40% Stoploss or 70% Target and Reexecuting one more ATM Strike
This makes money in Trending Markets or reversal days like M, N , W Pattern
Strategy Link : stockmock.in/#!/share/2f8g7โฆ
Strategy with 0.5% Slippage has Given 160% in 4 Years
Best Suited for Finvasia as no Brokerage or with higher lots in other Brokerages
๐ธ @ZerodhaVarsity
Varsity is an extensive and in-depth collection of stock market and financial lessons created by Karthik Rangappa at @Zerodha
It one of the largest financial education resources on the web.
Personally Started with this website zerodha.com/varsity/
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๐ธ @investopedia
A comprehensive finance and investing dictionary that offers articles, tutorials, and courses on a wide range of trading topics investopedia.com
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How to keep Emotions in check ?
๐ธ ๐๐ฒ ๐ฅ๐ฒ๐ฎ๐น๐ถ๐๐๐ถ๐ฐ : Donโt Expect 10% in a month or doubling your account every 6 months , Anywhere between 2 to 5% per month is a great return
๐ธ Keep a Trading Journal : helps you identify your weakness , strengths.
200 EMA : THE LONG TERM TREND
๐ธ When a stock price crosses its 200-day moving average, it is a
technical signal that a reversal has occurred.
๐ธ A stock above 200 ema is considered bullish in its long term trend and if its below 200 ema its considered bearish
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๐ธ A simple rule of not buying stocks below 200 ema for short term trading could save a lot of money
๐ธ Some may not agree with this and its ok!
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6 Continuation Chart Patterns All Traders should know about !
A Thread๐งต
What are Chart Patterns ?
A chart pattern suggests what prices might do next, based on what they have done in the past
They are patterns that repeat again and again as they are basically representing human emotions.
These patterns have been into existence since 100s of years!
1. Bullish Triangle
Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.