Discover and read the best of Twitter Threads about #VCP
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4 SCANNERS for Momentum Swing Traders
Don't like and retweet only, use them ☺️
Don't like and retweet only, use them ☺️
chartink.com/screener/ttc-c…
Find stocks like below one by just scanning 10-12 Stocks Daily.
#INDIAMART
Find stocks like below one by just scanning 10-12 Stocks Daily.
#INDIAMART
Below is a MEGA thread containing the 100 greatest winners from 1880-2009 📈
LIKE 👍 & RETWEET 🔄 to spread the wealth of knowledge💸
Charts are sourced from none other than the GOAT William O'Neil's "How to Make Money in Stocks"
But first, why do these charts matter?
👇
LIKE 👍 & RETWEET 🔄 to spread the wealth of knowledge💸
Charts are sourced from none other than the GOAT William O'Neil's "How to Make Money in Stocks"
But first, why do these charts matter?
👇
They go back to 1880. This shows the timeless principles that we are using here. It is the law of supply and demand. These patterns work because they are the effect of institutional demand, not the cause.
This strategy is RESILIENT
This strategy is RESILIENT
If your goal is to identify stocks with big potential, you need to know what will drive prices up. Institutional demand is what moves prices. They are are the biggest buyers (and sellers) in the market. They want growth in earnings, sales and margins.
Hi Nishant, I wrote a detailed thread on why I think it can fail. While any setup can fail, but obviously some are more failure prone and some are less.
We were taught to measure base in 2 ways - depth and duration. These are the key factors which differentiates a (1/n)
We were taught to measure base in 2 ways - depth and duration. These are the key factors which differentiates a (1/n)
flat base kind of setup from larger bases like CNH and W Bottom, VCP as pattern etc.
According to WON, a base can qualify for a flat base if it is 4 week long and upto 15% deep. But WON himself says that Flat Bases are weak bases - they work better when they emerge as a (2/n)
According to WON, a base can qualify for a flat base if it is 4 week long and upto 15% deep. But WON himself says that Flat Bases are weak bases - they work better when they emerge as a (2/n)
base on base kind of thing.
Why Flat Bases are weak - think upon it. The answer lies in the Wyckoff's Law of Cause and Effect. Larger the cause, bigger the effect it will produce.
When I started reading WON's book - something which attracted my attention was - the book (3/n)
Why Flat Bases are weak - think upon it. The answer lies in the Wyckoff's Law of Cause and Effect. Larger the cause, bigger the effect it will produce.
When I started reading WON's book - something which attracted my attention was - the book (3/n)
Volatility contraction concept by Legend @markminervini
If a stock is under accumulation, a price consolidation represents a period when strong investors ultimately absorb weak traders. Once the “weak hands” have been eliminated, 1/8
A Thread🧵
If a stock is under accumulation, a price consolidation represents a period when strong investors ultimately absorb weak traders. Once the “weak hands” have been eliminated, 1/8
A Thread🧵
the lack of supply allows the stock to move higher because even a small amount of demand will overwhelm the negligible inventory.This is referred to as the line of least resistance.Tightness in price from absolute highs to lows and tight closes with little change in
price
2/8
price
2/8
from one day to the next and also from one week to the next are generally constructive. These tight areas should be accompanied by a significant decrease in trading volume. In some instances, 3/8
1. The Double Bottom:
A trend reversal pattern.
Two lows of similar levels are formed.
ENTRY:
BO of the Neckline shows trend reversal by forming a Higher swing high which is also the entry point.
SL: LOD or swing low at a lower TF
TARGET:
Height of the NL to B1
Eg: #GRANULES
A trend reversal pattern.
Two lows of similar levels are formed.
ENTRY:
BO of the Neckline shows trend reversal by forming a Higher swing high which is also the entry point.
SL: LOD or swing low at a lower TF
TARGET:
Height of the NL to B1
Eg: #GRANULES
2. The Volatility contraction pattern, VCP by Mark Minervini
After a prior uptrend, a stock digests its gains, and profit taking happens. It then bases and gets ready for the next uptrend. VCP is a characteristic of a constructive base. It has the following characteristics:
1/n
After a prior uptrend, a stock digests its gains, and profit taking happens. It then bases and gets ready for the next uptrend. VCP is a characteristic of a constructive base. It has the following characteristics:
1/n
Here's an easy way to screen stocks that are ideal for momentum trading via @screener_in.
Criteria:
Stocks near or making 52 week highs,
At least 50% > 52 week low,
Free Float Market Cap < 7500 crores
(1/n)
Criteria:
Stocks near or making 52 week highs,
At least 50% > 52 week low,
Free Float Market Cap < 7500 crores
(1/n)
Since I'm using custom formulas for Free Float, Free Float/Market Cap %, and custom columns along with them, the only option is to re-create manually on screener.in . Steps below:
(2/n)
(2/n)
Create a new screen -> Show all Ratios -> Create New Ratio
Ratio #1: Free Float Market Cap Formula:
Number of equity shares * (100 - Promoter holding) * Current price /100
(3/n)
Ratio #1: Free Float Market Cap Formula:
Number of equity shares * (100 - Promoter holding) * Current price /100
(3/n)
Grindwell Norton, a debt free, Saint Gobain Company, with excellent fundamentals - high CFO, Improving RoA, OPM and Inv Turnover, consistent RoE, RoCE, Dividend Payout Ratio showing good technical strength, breaking out of a 12month rectangle. #Technofunda
grindwellnorton.co.in/grindwell-nort…
grindwellnorton.co.in/grindwell-nort…
Healthy pull back in Grindwell, it grinded all the weak hands out! Did not hit the 50 day SMA nor hit the 7% standard SL I follow for #TechnoFunda. Set for its sustained up move? Check peer Carborudum 👍 #moat #oligopoly @krishnblue Since your tracking this, views appreciated.
And here is Carborundum for you from the mighty Muruguppa Group. Is this chart talking to you?
