Avoid entries before result day. β οΈ
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
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
π3
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:
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:
π2
Market Readerππ
Iβm a little cautious here. If 50DMA breadth falls below the 58β60% range, Iβll 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 ~13β15% 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:
π’ Aggressive: 50 DMA breadth >60%
π‘ Defensive: 50DMA breadth 50β60% β partial profit-taking + very selective low risk entries
π΄ Out: 50DMA breadth <50%
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 ~13β15% 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:
π’ Aggressive: 50 DMA breadth >60%
π‘ Defensive: 50DMA breadth 50β60% β partial profit-taking + very selective low risk entries
π΄ Out: 50DMA breadth <50%
π3
Stage-2 Screener βοΈ
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
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
π4π₯1