Omkar Banne ๐Ÿ“ˆ Charts Speak Profile picture
Nov 25 โ€ข 7 tweets โ€ข 3 min read Twitter logo Read on Twitter
๐Ÿ“ˆ Eyes on these 3-week Tight Close stocks for the upcoming days

I have selected 4 stocks from 18.

๐Ÿ’ก Let's uncover those potential opportunities

โœ… Chartink screener at the end of the thread Image
โšก๏ธKAYNES: 2450

- Launchpad setup

- Clustered EMAs

- Multiple narrow-range candles in recent weeks

โœ… Daily IB

๐ŸŸข 3WTC pattern breakout level: 2550 Image
โšก๏ธVOLTAMP: 5168

- The stock bounced >20% after earnings and has been facing resistance near 61% Fibo zone

๐ŸŸข 3WTC pattern breakout level: 5426 Image
โšก๏ธIPL: 287

- There has been a series of fake breakouts in this stock in the last 2-3 months ๐Ÿ˜‚

- There have been a lot of upper wicks

- 50-EMA shakeout

- Clustered EMAs

๐ŸŸข 3WTC pattern breakout level: 305 Image
โšก๏ธGFLLIMITED: 98

- Trading inside the earnings day candle for the last 3 weeks

- A shakeout below the previous breakout level

- Dried volumes

๐ŸŸข 3WTC pattern breakout level: 103 Image
๐Ÿ’ก One notable stock to mention,

PITTIENG: 689

- It's a 6-week Tight Close stock

- Trading near ATH

- Traded inside the 27 October candle for a month

๐ŸŸข Breakout level: 735
๐ŸŽ‰ That's a wrap on our 3-Week Tight Close Stocks thread

Remember, successful trading takes time & practice ๐Ÿ“ˆ

Stay curious, stay informed!

And here is the Chartink screener to get such potential breakout stocks ๐Ÿ‘‡

chartink.com/screener/3-weeโ€ฆ

โ€ข โ€ข โ€ข

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More from @OmkarBanne

Aug 8
๐Ÿ“Š Exploring the world of trading indicators

Curious about VWAP, MVWAP, and AVWAP ? ๐Ÿค”

Let's dive into the differences between these volume-weighted average price variants and see how they can supercharge trading ๐Ÿ”‹

โœ… TradingView Indicator

โœ… Zerodha Indicator https://t.co/weMHLSINMgtwitter.com/i/web/status/1โ€ฆ
Image
โœจ VWAP

๐Ÿ–Š๏ธ Volume Weighted Average Price

- One of the simplest indicators

- It gives traders an overview of the stock's trading activity for the day

- It's a line that starts new on every trading day
.
.

๐Ÿ‘‰ How to calculate VWAP

VWAPย  = ฮฃ (Price * Volume) รท ฮฃ (Volume) Image
๐Ÿ‘‰ How to use VWAP

- VWAP is mainly used for intraday trading

- VWAP is used to determine intraday direction.

- If the price is below the VWAP, the perception is that the intraday trend is Bearish

- If the price is higher than the VWAP, it is said that the stock is Bullish
Read 14 tweets
Apr 2
๐Ÿ†• Let's start the new financial year by analysing major sectoral indices

โšก๏ธ In this small thread, we will see how major indices are placed on the chart.

Let's start with NIFTY, Image
1โƒฃ NIFTY : 17360

- The benchmark index delivered ~150% from COVID lows (7511-18604)

- Then it corrected ~18% (18604-15183) and went on to make a new All-Time High (18888), ~24%

- A small correction of ~10% took place last year

- The index found the support near the swing Low Image
2โƒฃ BANKNIFTY : 40609

- After returning ~160% (16116-41830) from the COVID low, the index corrected to the 38% Fibo level

- Traded below 200 EMA for 2 weeks and bounced back strongly

- Outperforming NIFTY

- 38700 remains a very crucial level to resume the next leg of up move Image
Read 15 tweets
Dec 15, 2022
Mark Minervini's rules๐Ÿงต

๐Ÿ—’๏ธThe renowned Trend Template that Mark Minervini uses states that a stock should fulfil 8 requirements in order to be classified as being in a Stage 2 uptrend

โœ…Chartink screener at the end

1/8

#Nifty #banknifty #stocks #StockMarketindia
1. The current stock price should be within 25% of its 52-week high

2. According to his book, "Trade Like a Stock Market Wizard," the current stock price should beย at least 25% higher than its 52-week low

3. The current stock price should be above the 50-day moving average

2/8
4. The current stock price should be higher than both the 150-day & 200-day moving average

5. The 50-day moving average should be higher than both the 150-day and the 200-day moving averages

6. The 150-day moving average should be higher than the 200-day moving average

3/8
Read 8 tweets
Sep 11, 2022
I was scrolling through the Twitter timeline of @chartians , and I came across lots of insightful & informative threads that I had missed earlier.

Keeping all these threads in one place!

Here is the compilation of all threads,

#nifty50 #StockMarketindia #nifty
30 Jan 2021,
One of the first threads by @chartians ,

๐™Ž๐™ฉ๐™–๐™ง๐™ฉ ๐™ž๐™ฃ๐™ซ๐™š๐™จ๐™ฉ๐™ž๐™ฃ๐™œ ๐™ฉ๐™ค๐™™๐™–๐™ฎ.

14 June 2022,

๐™’๐™๐™ฎ ๐™„๐™ฃ๐™™๐™ž๐™–๐™ฃ๐™จ ๐™™๐™ค๐™ฃ'๐™ฉ ๐™ž๐™ฃ๐™ซ๐™š๐™จ๐™ฉ ๐™ž๐™ฃ ๐™จ๐™ฉ๐™ค๐™˜๐™  ๐™ข๐™–๐™ง๐™ ๐™š๐™ฉ

Read 47 tweets
Aug 31, 2022
I have tried to analyse the stocks that were listed after 1 Jan 2021
&
Currently trading within 10% from their All-Time High.

You can track the performance of other IPOs as well,
๐Ÿ‘‡
docs.google.com/spreadsheets/dโ€ฆ

#nifty50 #stocks #stockstowatch #StockMarket #ipo
1. MANYAVAR: 1287
ATH: 1325 (3%)

- Took support at 21 EMA
- Consolidating in a box near All-Time High

Resistance: 1325
Support: 1180

#manyavar

1/15
2. DATAPATTNS: 1067
ATH: 1098 (3%)

- Moved 32% in just 4 days
- Rounding pattern breakout

Resistance: 1095
Support: 1015

#datapattns

2/15
Read 17 tweets

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