To simplify two areas that I love IT compliance and markets. Learner for life
Jan 26 • 16 tweets • 13 min read
A Thread on Ratio analysis and respective charts
No need to grab a coffee,Chai will do😄
The idea is to identify relatively stronger sectors & stocks when breadth is weak
Breadth=DT 1% (No of stocks in Double top buy on 1% PnF chart)
Breadth started falling from 14th Jan 2022
So we need to identify sectors which remained resilient when market breadth was falling.
We will look back 8 trading sessions and any score above or equal to 5 is bullish (63% of times Sector outperformed benchmark)
Dec 5, 2021 • 8 tweets • 3 min read
Thread: Mean reversal setup
First I would like to credit @kaushikaki Professor for imparting a new perspective to Mean reversal setup (89/200 EMA supports)
I have further fine tuned the setup to include Market breadth, Relative strength and Price performance.
1. Market breadth - This setup is ideal when market breadth (DT% on 0.25) is below 10. Which means out of 50 stocks in Nifty 50 Index only 5 stocks are in double top buy. Indicating a bearish tone.
2. Filter strong fundamental companies - I use @TickertapeIN to identify