* Momentum to the downside with alll the loving average on top of each other * Momentum is trending lower with a squeeze taking it below 1900 very likely * IV is quite low (25%) for this stock and hence the put sellers could panic is the stock goes below 1900 selling aggresively * Stop at 2050 and a target of 1800 (if and when 1900 is cleared)
Trade active
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Escorts closing in on 1900. Will take 30% profit if it goes below 1900 and the rest at 1800. There is a high chance of bounce backs in the middle as nifty could test 17350 again. However the chances of nifty going into a bull phase are not very high as of now (needs to first exhaust all buyers till 16800 before it should put in a bottom)
Trade active
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Took off 50% around 1850 levels - which is good as it bounced back hard from 1850 back to 1910. Still below the 21 EMA. So a move higher could reinitiate a short. But for now hold 50% short position. Stop is still +1.5 ATR around 2000
Trade active
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Active Flag - if the drop comes down to 1800 plus levels would look to cut the entire position and book profits
Sir , how to determine the momentum stocks . What are the conditions or parameters to identify
kunal_finner
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@JagdishKumarPahuja, You can use an indicator called TTM Squeeze on Tradingview. I find it to be very good to identify the momentum. The other indicator is called Momentum Oscillator (its pretty good too). These indicators will have 4 stages of momentum - Buying momentum increasing (light blue above), Buying momentum dying (dark blue), Selling increasing (red) and selling dying (yellow). Ideally you should only be trading when the light blue shows up (sometimes yellow too) - but avoid all other periods.
kunal_finner
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@JagdishKumarPahuja, I love an indicator called the squeeze (ttm squeeze) on the Tradingview app. Typically i dont chase stocks - but wait for them to settle down. Eg - stock hits a high at 100, dont buy breakouts - that is a sure fire way to lose money as institutions are exiting at that time. Wait for pull back and consolidation. Excellent examples are ITC recently, as well as HCL tech which was consolidating at 1050 before results in Jan. Or even Adani ent for the last 1 month (thats more a neutral / short). Dont chase momentum - like chasing a bus - chances are high of accidents
Kapil-Mittal
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👍 Great analysis! I agree that the momentum seems to be shifting downwards and the squeeze below 1900 is quite likely. The low IV could also indicate a potential for panicked selling by put sellers if the stock goes below 1900. The stop at 2050 and a target of 1800 seem like reasonable levels to keep in mind. Overall, your in