Volume
Suryoday Bank- DO NOT MISS!Suryoday has given a good breakout of cup and handle pattern
A weekly closing above 200 can be a good signal that ATH levels can be seen soon.
Stock is available at a very good valuation.
I had seen such breakout in Spandana which had blasted after breakout.Expecting a similar move here.
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.
All time high breakoutGood volume buildup in the past few candles both in daily and weekly timeframe.
All time high breakout with good volume, if breaks the high of current candle then good opportunity for long or else wait for retest conformation.
Price has taken support twice from 200EMA, good sign for bullishness.
NOTE: i do my analysis, do your before trade.
Capacite Infra Project Cmp 303 Rectangle BOCapacite Infra Project Cmp 303 dated 9-4-2024
Weekly Chart
1. Rounding & Rectangle Pattern Bo @ 305
2. Higher Lows
3. RSI Divergence
4. Volume Rise
Buy above 305 target 325-340-355-370-380-400-425 SL 240
Pattern Target 530 SL 210
It is just a view, Please trade at your own risk.