“There are no good or bad stocks, there are only rising and falling stocks.” - Nicolas Darvas 📝Never consider my tweets as recommendations to Buy/Sell.
Joined January 2022
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NiftyMidSmall400, horrible candle. Not being able to breakout after struggling and then fell back down. Let's see how this goes.
NiftyMidSmall400, nice tight consolidation on the index level, now all that needs to be seen is which direction the index will take from here.
Anticipating a small shakeout before moving upwards.
NiftyMidSmall400, would prefer if the index takes a breather and consolidates here a little. You cannot sprint through a marathon.
Force Motors, what a beautiful chart! If you catch one or two such moves with a big position size, that is what moves the needle! Smooth and beautiful trends!
Would love if NiftyMidSmall400 would consolidate here or pullback slightly and recoil before breaking out. When it is pulling back or consolidating, the strong stocks would also take a breather give a chance of making new entries or pyramiding.
NiftyMidSmall400 - Beautiful price action and the indices look ready for moving again. Maybe one or two more days of consolidation would be even better but the setup is just so nice.
If you look at the strong names, they broke out and have been basing along with the indices as well. Stick to the strongest RS stocks with good fundamentals and trading at decent valuation. This will put the odds in your favor! Happy trading!
Out of the downward channel and now forming a small base! looking good although overall the stock is a bit volatile in general. Let's see what happens next!
NiftyMidSmall400 - Beautiful price action and the indices look ready for moving again. Maybe one or two more days of consolidation would be even better but the setup is just so nice.
If you look at the strong names, they broke out and have been basing along with the indices as well. Stick to the strongest RS stocks with good fundamentals and trading at decent valuation. This will put the odds in your favor! Happy trading!
NiftyMidSmallCap400 is undergoing a beautiful pullback to the key moving averages and might also go and touch the previous horizontal resistance.
Keep strong stocks in your watchlist and only buy them when they are breaking out of a sound long base or if they have already moved, they must be flagging now. Buy when you have a good risk reward available.
Stick with the strongest names (highest RS) + decent valuations and you would not go wrong. The best day to take entries as per swing trading would be when MidSmallCap400 completes the pullback and is ready to move again. Good luck!
yes because it was falling back to the horizontal support. see the yellow line. Also it was close to the lower boundary of descending channel. So I got a very good risk reward at this point.
Took a position in India Shelter Finance yesterday in the morning. Got a good closing with the price closing above the descending channel. Hoping for a good follow through now and will add more when I get the chance.
No buy/sell recommendation.
NiftyMidSmallCap400 is undergoing a beautiful pullback to the key moving averages and might also go and touch the previous horizontal resistance.
Keep strong stocks in your watchlist and only buy them when they are breaking out of a sound long base or if they have already moved, they must be flagging now. Buy when you have a good risk reward available.
Stick with the strongest names (highest RS) + decent valuations and you would not go wrong. The best day to take entries as per swing trading would be when MidSmallCap400 completes the pullback and is ready to move again. Good luck!
NiftyMidSmallCap400 is undergoing a beautiful pullback to the key moving averages and might also go and touch the previous horizontal resistance.
Keep strong stocks in your watchlist and only buy them when they are breaking out of a sound long base or if they have already moved, they must be flagging now. Buy when you have a good risk reward available.
Stick with the strongest names (highest RS) + decent valuations and you would not go wrong. The best day to take entries as per swing trading would be when MidSmallCap400 completes the pullback and is ready to move again. Good luck!
NiftyMidSmallCap400 Index is above 200ema. The other key moving averages are now beginning to align and shaping up to move above the 200ema. All good signs. It would be nice if the index consolidates, forms a small base here and then takes out the horizontal resistance marked by the red line.
Overall at an index level the things are starting to look nice. No hurry in taking positions as when the market moves up sharply, we wait for it to consolidate and that is the best time for taking positions. If you have been making a list of strong stocks, you already know they were the first to spring up when the weight lifted!
I got many messages asking me why I'm not tweeting very frequently, so just a clarification that I do not tweet for engagement, I only tweet when I really feel there is something important to be said!
NiftyMidSmallCap400 Index is above 200ema. The other key moving averages are now beginning to align and shaping up to move above the 200ema. All good signs. It would be nice if the index consolidates, forms a small base here and then takes out the horizontal resistance marked by the red line.
Overall at an index level the things are starting to look nice. No hurry in taking positions as when the market moves up sharply, we wait for it to consolidate and that is the best time for taking positions. If you have been making a list of strong stocks, you already know they were the first to spring up when the weight lifted!
I got many messages asking me why I'm not tweeting very frequently, so just a clarification that I do not tweet for engagement, I only tweet when I really feel there is something important to be said!
Nifty50: Today is a beautiful day in Nifty50 chart.
Positives:
It is above 200ema now.
It has broken the horizontal resistance.
The index structure is looking like a double bottom breakout.
Since nifty has run in one direction since many days, expecting the index to pullback a little and to make a higher low. That would be a good time for adding to pilot positions and also new entries.
