Passionate about #Stockmarket, #TechnicalAnalysis and #Technology. Trekker, Outdoor Enthusiast. BTech IIT Mumbai, MS Purdue. Founder, https://t.co/10XeNm1ITp
Dec 13, 2022 • 9 tweets • 8 min read
In a #Bull#Market, new stocks break out on high #Volume every day. One of the challenges of a #breakout trader is find the best #BreakoutStocks to buy because they go up so fast that often it is hard to get a low-risk entry.
Here's a thread on one way to go about doing it.
1) To find the best #breakoutstocks, one has to focus on the right sector and then monitor #stocks within that sector for #volume#breakouts. Eg. #PSU Banks did a very strong #breakout recently with most of the stocks within #NIFTYPSUBANK index giving a 50% gain in a short time!
Nov 27, 2022 • 10 tweets • 7 min read
#Volume is one of the simplest indicators in #Technical Analysis but when used properly it is also one of the most powerful confirmatory indicators out there. It's all the more important in the current #market. In this thread, we'll take a detailed look at volume with examples.
1) Volume is the total no of #shares that are bought/sold. Huge volume can be associated with accumulation/distribution by FIIs, while small volume can be associated with retail investors. When #PriceAction is combined with #volume, you get some interesting Price Volume patterns.
Nov 24, 2022 • 8 tweets • 4 min read
Many traders ask me how to trade #volume#breakout stocks profitably. Not all breakouts succeed in the #StockMarket. So, how does one get into good #breakoutstocks? Here's a thread explaining how I filter out good #stocks with reference to $RCF that I posted yesterday (up 12%).
1) Ensure that the stock is breaking out simultaneously in 2 timeframes. You choose the timeframes based on whether you are day-trading, swing trading or long-term investing. Ideally use the timeframes separated by a factor of 5 e.g. Daily and 75min is a good combo for short-term