I studied 100s of Super performers in markets which generated Huge returns in short period of time.
Understand such action to make most out of it.
Please Bookmark this thread.👇
Understand such action to make most out of it.
Please Bookmark this thread.👇
Example- 01
After such a huge move this type of stocks will definitely be talk of the town or at least make to our watchlists.
The main thing here is after such huge 37% move it went side ways with not so heavy volume and volume even going down. x.com
After such a huge move this type of stocks will definitely be talk of the town or at least make to our watchlists.
The main thing here is after such huge 37% move it went side ways with not so heavy volume and volume even going down. x.com
Then we see a big red day, Many times we kick the stock out but what shall be done is just wait for the reaction and check it by EOD. x.com
Oops, this just shaken out many weak hands and moved up with strength showing buying force. What to do now? Put it back in tracking list. x.com
Example- 02
The move started from a big base giving 40% within 3 days. Now such moves coming from strong is a signal that the counter can continue the trend after a flag or consolidation.
So, price action reading gets very important in such cases. x.com
The move started from a big base giving 40% within 3 days. Now such moves coming from strong is a signal that the counter can continue the trend after a flag or consolidation.
So, price action reading gets very important in such cases. x.com
Now the Price drop and volume decreasing indicating supply pressure going off.
What this means is that who ever wanted to book profits have done it. x.com
What this means is that who ever wanted to book profits have done it. x.com
Now, Buying came in with high volumes then previous days. This signal shall be enough for you to put the setup on the watchlist.
This is a 5 star reaction. x.com
This is a 5 star reaction. x.com
Now the stock tested selling but supply was so low that it failed to move it. now the drop is at lower volumes. So it seems ready for an attempt. x.com
Now the stock attempted but did not BO but if entry taken then it also did not go down to take stop loss.
So, in such cases observe how it reacts further. As in this it went side ways on lower volume, means low supply.
Shall be attempted ? Yes x.com
So, in such cases observe how it reacts further. As in this it went side ways on lower volume, means low supply.
Shall be attempted ? Yes x.com
Example - 03
A new IPO hits the market and has a grand opening. Moves 36% within 2 days of opening on grand volumes.
Now most of us will ignore this with the mindset that it has moved a lot and what further it can offer.
Lets see how the price action played out. x.com
A new IPO hits the market and has a grand opening. Moves 36% within 2 days of opening on grand volumes.
Now most of us will ignore this with the mindset that it has moved a lot and what further it can offer.
Lets see how the price action played out. x.com
Then we see selling coming into the picture which doesn't it a go to setup yet and next day a gap up and middle closing makes it okaish to track. x.com
Ohh, What a nice small red day with decreasing volume after such a big move. Seems interesting as its not even breaking the first red day. This means sellers are not very strong and buyers are holding the fort. x.com
Wow, what a beautiful candle. It has shaken out many by undercutting the low of these 3 days and quickly moved up showing the strength.
How is the setup now? Its really worthy to track further. x.com
How is the setup now? Its really worthy to track further. x.com
Jokes apart, this tight candle with low volume makes the setup ripe by showing supply unavailability compared to buying strength. x.com
That's a Wrap!
If you found this useful:
1. Follow me @ItsVinay01 for similar knowledge based threads.
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Disclaimer: Everything shared above is for learning purpose only and nothing is in any form any advice.
If you found this useful:
1. Follow me @ItsVinay01 for similar knowledge based threads.
2. Bookmark it and Retweet !
Disclaimer: Everything shared above is for learning purpose only and nothing is in any form any advice.
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