@saranhemanth lets take an example: A stock is sustaining above the breakout level. ITM option seeing an increase in OI buildup. It should be treated as call buying position and the stock is likely trend higher.
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@themindedinvestor My checklist:
1. all time frame should have a clear trend, in one direction.
2. breakout on daily chart with no immediate resistance on weekly.
3. MACD cross on weekly with MACD greater than MACD line on monthly and Daily.
4. RSI crossing above 55 on weekly an...
@deepakkulthe active stocks ( by %) and volume surge scanners help in identifying high momentum stocks on a daily basis. this coupled with the traditional TA knowledge can help make money.
@kalpanasaravanan active stocks ( by %) and volume surge scanners help in identifying high momentum stocks on a daily basis. this coupled with the traditional TA knowledge can help make money.
@krishnatonpe Look at active stocks for the day. The stock should have a definite trend on weekly, daily and hourly. Indicators confirming an entry on 15mins time frame.
derivative data: Must look at OI buildup and option volume. must avoid lower volume options where the bid as...
@user3412b For short- medium term bullish:
See trend on weekly, dont go against it. the trend on daily should be in the same direction with the chart making HH-HL for a bullish trend. Weekly MACD greater than MACD Line with a MACD crossover on daily time frame. Stock trading ab...
@themindedinvestor generally, fake breakouts are not supported by high volume. Example: lets assume the stock is facing resistance at 1000 mark and has been rejected from 1000 level 3 times in the last 15 days. As soon as the stock breaks the 1000 mark, people start buying thinki...
@user3412b For short- medium term bullish:
See trend on weekly, dont go against it. the trend on daily should be in the same direction with the chart making HH-HL for a bullish trend. Weekly MACD greater than MACD Line with a MACD crossover on daily time frame. Stock trading abo...
@chandrashekharking Can check this on chartink-
For Bullish-
HH-HL setup.
RSI Crossing above 50 on the 2 hourly and daily RSI above 60.
MACD cross on hourly with daily and weekly MACD positive and above signal line.
(opposite for bearish)
Also, must look at OI buildup and option ...
@hseved tbh a simple trend works wonders. Draw simple trendlines on levels where price is getting rejected and levels where its getting strength. too many trendlines would not only confuse you, but also delay your entry. Use only those tools and indicators which you are comforta...
@sivaranjini every indicator have their own purpose. To name a few and its use:
Trend identification- moving averages, supertrend etc
Momentum- rsi, macd, stochastic
Volatility- Bollinger bands, envelope.
For trailing stops- parabolic SAR.
I use 50 and 200 Moving average to ide...
@gokul-By4mzNx_o going solely by accuracy of chart patterns - flags, double tops and bottoms, head and shoulders work well.
@rajwindernijjar see if the road is clear from any obstruction (resistance), that's where the car can speed up (momentum).
Can scan for stocks making new x days highs, lets say 10. Suggested RSI level is in the range of 65 to 80 on daily.
Also important is whether the hourly cand...
@vinayak678 there are 100s of technical indicators and every indicator have their own use.
I use 50 and 200 Moving average to identify trend, RSI to identify the momentum and MACD for confirmation. Keeps the chart clean which helps me in reading candles (psychology part) and bec...
Flow of topics suggested :
1. Support and resistance.
2. Trends: a- what are trends and its types b-how to identify continuation or a reversal of trend.
3. Chart patterns: Double top, double bottom, head and shoulder, inverse head and shoulder, rounting top an...