Market ReaderπŸ“ˆπŸ“‰
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🏝️8+ Years Trading Experience
πŸ“šChartered Accountant
πŸ“ˆTechno-Funda Swing Trader
⛔️ No Intraday, No Options
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Avoid entries before result day. ⚠️

For swing traders, earnings can turn a clean setup into a gap-up or gap-down gamble. Let the volatility settle, then trade the reaction.

Protect the capital. Wait for confirmation.

You can check result calender here: https://www.bseindia.com/corporates/forth_results
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Track SML Mahindra
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I’m a little cautious here.

If 50DMA breadth falls below the 58–60% range, I’ll shift into defensive mode.
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Many watchlist stocks showing good momentum
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When the market is choppy, you need low-risk entries.

Chasing breakouts or entering after a stock is already extended rarely gives you an edge.

Your entry should come as close to the start of the move as possible.

A few examples + the process I used in recent trades:
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Market ReaderπŸ“ˆπŸ“‰
I’m a little cautious here. If 50DMA breadth falls below the 58–60% range, I’ll shift into defensive mode.
Market Update |

12 August - Breadth Check

β€’ 53.8% stocks above 20DMA
β€’ 58.7% stocks above 50DMA
β€’ 58.7% stocks above 200DMA


As mentioned yesterday, 50DMA breadth is back below 60%.

So, I am now in defensive mode for swing positions.

The key trigger is Crude Oil: Crude Oil.

Brent is up ~13–15% in a week, and a move above $90 starts becoming a serious headwind for India.

For now, this is treated as pullback/consolidation, as long as 50DMA breadth holds above the 50% zone.

Whether this turns into a deeper correction or remains a pullback - time will tell.


Current Swing Strategy:

🟒 Aggressive: 50 DMA breadth >60%

🟑 Defensive: 50DMA breadth 50–60% β†’ partial profit-taking + very selective low risk entries

πŸ”΄ Out: 50DMA breadth <50%
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Stage-2 Screener ❇️

This screener filters stocks which are in stage-2 uptrend.

It gives you broad list for stock selection.

You will still need to find setups and further filtering.

I will post a video on how to filter the stock and create a focus list upto 15-20 stocks.

Stay tuned


https://chartink.com/screener/stage-2-stocks-by-market-reader
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Watchlist stocks doing well despite market pullback

MCX up 11% in 3 days
KRN up 8% in 2 days
Tilaknagar up 6% in 2 days
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Current Watchlist

πŸ‘‰Subject to Market Environment
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