This screener helps in identifying stocks that have squeezed out candles and are about to give a big move in any direction depending on the side where it breaks.
We have shared an entire strategy on the Darvas box. Based on the same, this screener will help you identify stocks that are forming Darvas Box or consolidating.
7 ways to Conquer Overthinking After Entering a Trade
Overthinking after hitting that "Buy" button.
We've all been there, right?
The moment we start dissecting every move, doubting our analysis, and questioning our decisions. But guess what? Overthinking can be the enemy of progress.
Let's break it down together :
1/ 🔹 Embrace Your Plan:
Remember that every trade begins with a well-thought-out plan. You did your homework, analyzed the charts, and followed your strategy. Trust that you've put in the work. Overthinking only clouds the clarity you had when you initiated the trade.
This indicator helps in identifying stocks that are showing strength against benchmark (Nifty or any Index). It can help you to hold and ride the winners.
#Darvas Box is used by 99.99% of stock traders in the world.
It is the simplest strategy of buy and hold.
But most people still don't know how to use it.
Here are 10 basics everyone should know:
Darvas Box is named after Nicolas Darvas, a dancer, and self-taught investor.
He discovered "Box Theory" after gaining experience from the market and he believed that the shares which move up and down the chart move in a specific box pattern.
There are some conditions of using Darvas Box and we will discuss only the buy strategy:
⚡️ Stock should be trading near all-time high levels
⚡️ Fundamentals of the company should be good
⚡️ Volumes play a crucial role
95% of the traders lose money in the stock market because they don't have a proper trading setup.
Here is a simple cash trading strategy based on NR4/NR7 candles (that can be automated) that can help you catch Mega Breakouts in the Market
Surprise at the end!
A Thread🧵:
We will split this thread into five parts:
• What is NR4 and NR7
• How to use NR4 and NR7 in your Trading (Daily/Weekly Time Frame)
• Free Tradingview Indicator
• Free NR4 and NR7 Screener Link to simplify your analysis
1/ What are NR4 and NR7:
NR4 (Narrow Range) and NR7 mean when a stock price has made the smallest range (High-Low) in the last 4 and 7 days respectively.
These candles indicate compression in the price and it is expected to give a massive one-sided move in either direction.