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Stock Selection Based on ATH/52 Week Stock and Relative strengthHello community Here I will be talking about the process for picking up the stocks based upon the All Time High (ATH)/52 Week BO Stock and RSI . As this is known to everyone but only few are getting benefited by applying it in real trading. The stock represents strength if it breaks its ATH Level and comes from Weekly BO Base. Most of the gains are made with the stocks breaking its ATH and Coming from Weekly Base BO and once it is combined with the RSI and Price Volume this can do wonders and improve trading style.  In my earlier write up i also talked about the use of RSI with Screener from Tradingview only. Since i used this as my repository so save all my write up here only and can be viewed.(Stock Selection Based on Relative StrengthEDUCATION) Screener for Stock Selection in Trading View:- - Go to Stock Screener Tab at bottom in the Tradingview. - Go to Filters - Symbol Type - Common Stock - Select New 52 Week High- - Select New All Time High - Select Relative Strength Index (14) >=75 The above will filter out stocks based on ATH and 52 Week High stocks and RSI. You can add more filters according to your requirements and make your stock list more refine and Make a list and look for opportunities. I use the above filter to filter out stocks every weekend and mix it with Price and Volume to get Maximum Benefit.  As I am a Price Action trader I mix Price/Volume,Trend and ride the momentum. You can try it and submit your feedback to me. Also, Tell me if you find something else which can be useful to the community. Together we can help each other in Learning and excel in our profession. Remember: I am a Price Action Trader and use Price and Volume together with different Timeframes, including RSI, and market conditions. To get the best result, always wait for confirmation. Focus on Risk Management and Position sizing. Treat trading like a business and it will pay you like a business…..!! Hope this post is helpful to community Thanks RastogiG Disclaimer and Risk Warning. I am not a Sebi registered analyst. The analysis and discussion provided on in.tradingview.com intended for educational purposes only and should not berelied upon for trading decisions. RastogiG is not an investment adviser andthe information provided here should not be taken as professional investmentadvice. Before buying or selling any investments, securities, or preciousmetals, it is recommended that you conduct your own due diligence. RastogiGdoes not share in your profits and will not take responsibility for any lossesyou may incur. So Please Consult your financial advisor before trading or investing.
NSE:SIGACHIEducation
by RastogiG
15
Bank NIFTY trading at support Bank Nifty is trading at support around 47750 zone. Considering the trading holiday on Wednesday 17/04/2024. BNF expiry will be tomorrow. BNF is now in a support zone of 47750 if broken we can expect a fall till the below two support zones Support 1 47750 Support 2 47400 If BNF moved in a uptrend, considering the globe cues take the trades cautiously as we can see more OI in call side. Resistance for uptrend Resistance 1 48100 Resistance 2 48250
NSE:BANKNIFTY
by Shree_Traders
3
Patanjali Fundamentals:- Market Cap ₹ 48,596 Cr. Current Price ₹ 1,342 Book Value ₹ 282 Graham Number ₹ 380 Stock PE 59.1 Industry PE 17.7 Dividend Yield 0.45 % ROCE 13.5 % ROE 11.1 % Promoter holding 73.8 % Pledged Promoter 0 % Debt 5 yrs ago ₹ 7,226 Cr. Debt 3 yrs ago ₹ 3,467 Cr. Debt ₹ 1,263 Cr. Reserves ₹ 10,132 Cr. Piotroski score 3.00 Its a Dividend giving stock but poor Piotroski Score. Stock PE is approx three times industry PE. Book value & Graham Number are lower as compare to its current price. ROE & ROCE are ok. Stock is reducing Debt since last 5 years & also reserves are more than Debt. Promoter holding is very good & No promoters are pledged. Technical:- Stock is in Ascending Channel. Supports are marked with Green horizontal Lines. Targets and Stoploss as marked on the Chart. Price is above 200 EMA on weekly chart (200 EMA is Near 1000). Wait for more fall in this stock. Levels:- Accumulation Near 1000 & 760 (For long term investors accumulation below 800) Stoploss 675 Swing Tgt 1215 positional 1750 LongTerm 2200 This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
NSE:PATANJALILong
by MasterTrader1949X
7
Get ready for potential action with FTMUSDT💎 Paradisers, #FTM is currently exhibiting a bullish market structure, with the price approaching the Bullish Order Block (OB). 💎If #FTMUSDT displays a Change of Character (CHoCH) and Break of Structure (BOS) within this zone, we can anticipate a rise up to the next swing resistance. 💎Should the bullish OB breakdown occur without any CHoCH and BOS on the bullish side, a bounce from the demand area might be expected; however, confirmation is necessary before making any entries. 💎If both the bullish OB and demand area break down, it would be prudent to wait for more favorable price action to develop.
by MyCryptoParadise_Nathan
2
Sterlite Tech- Is it Going for Another Top..In technical analysis, we examine historical data of an instrument to anticipate its future course of action. We all would agree that Price and volume are the primary and perhaps the purest form of data in technical analysis and that’s why some traders, including me, are always more inclined towards them. In this idea, I would like to share some of my observations on Sterlite Tech. which just caught my attention due to the following reasons. 2018 TOP On the left side of the chart, we had a strong uptrend followed by a top formation. Calling it a double top won’t be a misnomer. Almost a yearlong formation and then a sharp breakdown. 2021 TOP The stock bottoms out in 2020 with an Inverted Head and Shoulders pattern and reverses up back into 2018 top. The stock spends almost 6months in this zone (300) and forms another top here in 2021. BREAKDOWN FAILURE On the right-hand side, we can see a huge consolidation (into the inverted H&S of 2020) from July2022 to Feb2024 and then a breakdown of support (128). But this breakdown could not hold, and the stock is now back above 128, indicating a breakdown failure. ANOTHER TOP Generally, we see a sharp rally after a breakdown failure. If that happens, the stock may rally for 2021 top (260 or so). As per timeline, the previous tops were formed in 2018 and 2021. We may expect another one with a 3years gap, that is by the end of 2024. However, we should never lower our guard and approach cautiously if the stock fails to sustain above 125 again. That would require another take on the stock. I hope you found this analysis useful. Do press 🚀 and comment for more such analysis in future.
NSE:STLTECHLong
by Bravetotrade
2
BANKNIFTY - GOOD TIME TO CREATE LONGS ?Symbol - BANKNIFTY BANKNIFTY gave a breakout of ATH & touched 49000 level & then exhibited some profit booking due to global news flow. It is currently trading at 47335 which is a good support area. I think BN will take support at these levels & will show a reversal from here. Hence I am creating long positions in BN futures at CMP 47335. I will add more position between 47080 - 47200, if comes. My SL would be below 47000 & Targets I'm looking for are 47900 - 48470 - ATH.
NSE:BANKNIFTYLong
by akshit_official
11
Banknifty - Intraday levels & Prediction for - 16 Apr 2024Banknifty Prediction for Tomorrow : Trend : BULLISH Sentiment : Positive Expectation : Strong BEARISH Nifty and Banknifty both at strong Support level for BULLISH rally for new High in the upcoming days.. Sharp selling today is a correction, Expecting uptrend from tomorrow. Look for Buy/Sell at Demand and Supply zone for profitable trades. Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
NSE:BANKNIFTYLong
by ViVenTraders
2
GBPUSD: Uptrend continues to be threatenedHello everyone! This week, GBP/USD has witnessed a slight recovery, climbing above the 1.2450 level after dropping to its lowest point in November at 1.2426 last week. The technical outlook still signals a downward trend, but easing geopolitical tensions may prolong the currency pair's recovery time. Investors sought safe haven assets last week following reports that Iran may retaliate for what is believed to be an Israeli attack on their consulate in Damascus on April 1st. This has boosted the US dollar as a preferred safe asset, thereby putting pressure on GBP/USD at the end of the US trading session. US stock index futures were last seen rising between 0.4% and 0.6% for the day. If Wall Street's key indices open positively and continue to rise, the US dollar may struggle to maintain its strength, potentially allowing GBP/USD to climb higher.
Short
by RKarina
2
Auropharma Trap - Catching The E-wave 1135 to 1105 🎯 🎯🎯Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? 🏆🏆🏆 Applying Wave Analysis in Real Time & Making the Patterns Fit can lead to amazing trades, and we're here to celebrate as we've successfully reeled in the E-wave fish into our nets. Hope you enjoyed the fall from 1135 to 1105 on April 10, 2024. What's next? If the stock holds above 1095, then it can surge upwards in Friday's session and reach the upside targets of 1135 / 1150-1160 zone, as updated via the 6:44 am comment on the last Auropharma idea. Last Idea Published From WaveTalks Abhishek
NSE:AUROPHARMALong
by WaveTalks
2
💎 Keep a close eye on HOTUSDT💎 Paradisers, #HOTUSDT has broken out of resistance, which may now act as support. 💎If #HOTUSDT demonstrates CHoCH after taking support from this level, it could signal a bullish move, possibly indicating an attempt to attract external liquidity. 💎In the event of a breakdown below this support, we may anticipate a bounce from the bullish Order Block (OB). However, confirmation with CHoCH at this level is essential. 💎Nevertheless, if the price breaks down below the bullish OB without any confirmation, it might be prudent to refrain from trading until clearer price action emerges. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
2
Small Rectangle pattern Breakout || Positional Trade in IPCA LABHello Guy's i have brought an idea which can be best positional trade as this stock has given breakout, i have done my analysis on daily time frame, Breakout is sustaining above the previous highs, Stock has made fresh all time high in today's session. Stock is good with good liquidity.. MACD also has given bullish crossover Price and action suggesting a move at least for 8-10% in short term. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:IPCALABLong
by TraderRahulPal
9
IPO BASE BREAKOUT IN CHAVDAHello Traders⚡ I am a Swing Trader by Passion i only trade on Momentum Stock's. 📌I Post Daily SWING CHARTS Analysis on My Trading view profile.. So let's Star 📌SWING TRADE FOR NEXT WEEK🚀 t 📌TRADE ANALYSIS OF CHAVDA • Potential Breakout Chart • IPO BASE TRADE • Short Range Consolidation • Price Can Take Retest from support Line • Overall The Price Is Moving In HH-HL Formation • Volume Buildup Near BO Zone • Looks Good For 10-20% Upside Levels After The Breakout 📌 If you have any questions about any stock you can comment on post 📱 📌Disclaimer:- This all chatrs analysis are only for educational purposes only I do not provide any CALL or Tips
NSE:CHAVDALong
by Trading_Old_School
3
WIF/USDT Ready for Big Pump or Big Dump ?Trading CRYPTOCAP:WIF ? Here’s How to Win Big or Stay Safe ➡️ Easy Trading Tip: #WIF chart is clearly going up, making it a good choice for easy trades. ➡️ Strong Support: Rebounded from $3.20, showing strong support. ➡️ Next Goal: Staying in the channel could push us to $7 target. ➡️ Watch Out: If it drops below $3, consider exiting long positions. ➡️ Skyrocketed: From $0.17 in Feb to an ATH of $4.91 in March ( 28x in 2 months ) ➡️ Risk vs Reward: High risk, but a tight stop loss could mean smart gains. #Altcoins #Dogwifhat
Long
by CryptoPatel
2
#Banknifty directions and levels for April 8th.Banknifty has a solid bullish structure, so if the gap-up sustains, we can expect a minimum of 48796. It's a major resistance, so if the market reaches this level solidly, then the market may break this level with minor rejection. On the other hand, if it reaches this level with a minor pullback, then the market may retrace a minimum of 23 to 38%. Alternatively, if the gap-up doesn't sustain initially, we can expect minor consolidation. After that, if it breaks the previous high, then we can expect rally continuation. On the other hand, if it breaks the downside blue box, it may turn into correction.
NSE:BANKNIFTY
by Manickamtraders
2
Mighty Nifty - April 8Price was consolidating the whole day and formed a symmetrical triangle. Break out can be in any direction. Pattern : Support/Resistance. Range : Medium. Trend strength : Normal. Buy Above : 22540. Stop Loss : 22500. Targets : 22580, 22620 and 22660. Sell below : 22440. Stop Loss : 22480. Targets : 22400, 22360 and 22300. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:NIFTY
by vanathi
4
You can take a long trade in HDFC BankCompany:- HDFC Bank Ltd. Sector:- Banking M Cap:- 10.99T Technical:- On the hourly and daily chart smart money formed semetric triangle chart pattern and breakout it with heavy volume, I thik this stock is bottoming out and ready for the next leg rally. One more thing Nifty private banking and nifty bank index is also bottomed out. So if Banknifty and Nifty private banking indices have to go up, HDFC Bank will have to outperform. If you want's to doing this type of technical analysis you can follow me and visit my website "protraderclub.in" and contact me. Disclamer:- Dear followers, before taking any trade do your own analysis and consult your financial advisor.
NSE:HDFCBANKLong
0
by Pro_Trader_Club
15
India's 4th largest pharma company has given breakout..Hello Guy's i hope you all will be doing good in your life and your trading as well. I have brought another stock which has given breakout of small rectangle pattern on daily timeframe. Company has good management with proven profits making record, it is 4th Consumer Healthcare brands Market ranked #1 in their categories. Mankind is present in several acute and chronic therapeutic areas in India, including anti-infectives, cardiovascular, gastrointestinal, anti-diabetic, neuro/CNS, vitamins/minerals/nutrients, and respiratory. If i talk about technicals, stock has given small Rectangle pattern breakout and stock has came down to retest the levels. Indicators like MACD and RSI start giving bullish crossover, Price is above 200-DEMA. All is indicating bullish reversal in stock. There is higher chances we can see good bullish momentum in near term. Stock is good for investment like short term to medium term. And one more thing, if anybody wants to consider this stock as long term, then it is absolutely good for that, even i will suggest to do SIP in this. Market Cap ₹ 92,165 Cr. Current Price ₹ 2,301 High / Low ₹ 2,375 / 1,241 Stock P/E 55.8 Book Value ₹ 216 Dividend Yield 0.00 % ROCE 20.7 % ROE 17.0 % Face Value ₹ 1.00 Industry PE 32.8 Debt ₹ 9.74 Cr. EPS ₹ 41.2 Promoter holding 76.5 % Intrinsic Value ₹ 851 Pledged percentage 0.00 % EVEBITDA 38.6 Change in Prom Hold 0.00 % Profit Var 5Yrs 11.9 % Sales growth 5Years 15.7 % Return over 5years % Debt to equity 0.00 Net profit ₹ 1,650 Cr. ROE 5Yr 21.6 % Profit growth 39.3 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:MANKINDLong
by TraderRahulPal
2