nikhilsai

16
All Posts
472
Post Reps
16
Comment Reps
October 2020
28
Followers
4
Following
NISM-Series-XV: Research Analyst Pursuing MBA from IIM Bangalore
... Read more
Posts
Paper Trades
Stocks
nikhilsai replied to Abhishek Gupta's post
nikhilsai   
Dec 19, 2022 12:01 AM

I think one needs to be more stock specific in such situations and invest in them with long-term horizon.
After filtering down to few stocks you can study how their order book or new orders won is increasing every quarter. This will give you an idea about their revenue growth and...
nikhilsai replied to Karamjeet Singh's post
nikhilsai   
Dec 18, 2022 11:43 PM

One method to filter would be to go through Open-Interest data.
Download this for two consecutive days from NSE website.

Then try to spot stocks status with Long Build Up and Short Covering if having a Bullish View

Stocks with Short Build Up and Long Unwinding gives Bearish Vie...
nikhilsai replied to Prasenjeet's post
nikhilsai   
Dec 18, 2022 11:36 PM

First observation of Price Action, change of pattern from lower highs to higher lows.
Next, try to spot positive divergence in RSI during such transition.
I've also seen few using 50EMA along with support & resistance.
nikhilsai replied to Prasenjeet's post
nikhilsai   
Dec 18, 2022 11:33 PM

Other thing that you can observe is that if it is consolidating near the resistance line. In such cases, there's a high chance of breakout and since you're entering while consolidating, you can have small stop loss as well.
Next after the breakout if price rises for next 1-2 days...
  •  Dec 1, 2022 3:12 AM
A pattern in 1 hr time frame!

2

  •  Dec 1, 2022 2:55 AM
[Image]

7

1
2
  •  Nov 28, 2022 11:21 PM
Opportunity to track in 1 Hour Timeframe

14

1
nikhilsai replied to own comment
nikhilsai   
Nov 25, 2022 6:04 PM

@yashubale I meant if you draw a line at a level of around 89700, the stock has retraced back several time. Therefore, to move up it should give a significant breakout here. Regarding the support of 86000 again, it is a level where stock has shown resistance before but after givi...
nikhilsai replied to Mr J's post
nikhilsai   
Nov 25, 2022 5:58 PM

It has a resistance around 89700. If it retraces back, one immediate support is 86000
  •  Nov 23, 2022 5:05 AM
#INDIACEM - To be tracked for Swing opportunity
The India Cements Ltd didn't have a great quarter as tho...read more

1

2
  •  Nov 23, 2022 4:42 AM
Testing the support after the breakout. ...read more

  •  Nov 23, 2022 4:36 AM
Swing Trading Opportunity

  •  Nov 22, 2022 6:17 AM
Triple Top and Consolidation near resistance.

  •  Nov 9, 2022 8:17 AM
#LT - POSITIONAL TRADING
On Daily Timeframe, it has created a kind of Cup with Ha...read more

3

nikhilsai replied to Finophia's post
nikhilsai   
Nov 8, 2022 6:36 AM

I think we can expect a good breakout if the stock consolidates for a while near the resistance and then gives a breakout!
  •  Nov 8, 2022 6:31 AM
#DRREDDY - Short-Term Opportunity
On Daily Timeframe, made a Double Bottom and gave breakout....read more

3

2

2

FrontPage is India's favorite stock discussions community

Join 2,00,000 Indian traders and discuss trades, strategies, news & views on any stock.