.mbtTOC{border:5px solid #f7f0b8;box-shadow:1px 1px 0 #EDE396;background-color:#FFFFE0;color:#707037;line-height:1.4em;margin:30px auto;padding:20px 30px 20px 10px;font-family:oswald,arial;display:block;width:70%}.mbtTOC ol,.mbtTOC ul{margin:0;padding:0}.mbtTOC ul{list-style:none}.mbtTOC ol li,.mbtTOC ul li{padding:15px 0 0;margin:0 0 0 30px;font-size:15px}.mbtTOC a{color:#0080ff;text-decoration:none}.mbtTOC a:hover{text-decoration:underline}.mbtTOC button{background:#FFFFE0;font-family:oswald,arial;font-size:20px;position:relative;outline:none;cursor:pointer;border:none;color:#707037;padding:0 0 0 15px}.mbtTOC button:after{content:"\f0dc";font-family:FontAwesome;position:relative;left:10px;font-size:20px} Skip to main content

 Concept learnt from the book Secrets for profiting in bull and Bear Markets by Stan Weinsteins

Take weekly chart and apply 30 week Moving Average , Relative Strength, and check for the break out of stage 1. i.e breaking out of congestion or flat price move pattern and trying to move above 30SMA, and 30SMA is in moving in UP direction, and 30 SMA should not be in down direction 

1. Over all market trend should be bullish

2. Sector/ Group should be breaking into stage 2. with minimum previous price resistance of near past(within 6-12 month.

3 Volume should be double or triple suddenly from last few weeks/ Volume confirming the break out

4. Relative strength(RS) should be sloping up gradually/ above zero line in daily time frame. can consider -Premal Sir/ Vivek Sirs 55 RS and 123 RS. combined.

lets see some daily and weekly chart from the StockEdge scanner for the week.

PNB HOUSING WITH THE ADITYA PURI AND FUND RAISE NEWS-

 

 

 WIPRO WEEKLY LOOKS GOOD WITH RS-




Comments

Post a Comment

Popular posts from this blog

 For my own reference - HM SYSTEM CHART Continues... with Hourly n 30 min charts-- It is used for entry- for stocks and spot Index.:as 0n Dec 28-'20                                                                        
Post a Comment
Read more
  For my own reference -- This is a study of the HM system from Nitish Kumar of NKStocktalk.  This is a system to catch the stock movement with the help of RSI, EMA and WMA plotted on RSI to check the price movement in charts- It applies from intraday, daily weely monthly charts on the basis of ones trading or investing horizon. This system takes the higher time frame to check the direction of price movement  to be applied in the lower time to enter the trade. with the help of HM system and Bollinger Band(BB). For Example- If the price is in BUY in monthly system, it should be in buy in weekly system and Entry should be in daily/hourly charts by looking at the price movement on the basis of the HM system together with the BB blast or above the 20 MA of BB.It can be applied in Any market where there is Price to trade. Charts reference for Example- Price , Volume and Strength are 3 things to generate Momentum - 4 waves of market. Volume- Red line-(WMA21-INDICATE Volume) Str...
Post a Comment
Read more
 NKStock Talk inspired Long term Investment with HM system for my own reference with monthly and weekly charts - As Per NK Sir, Stock price should be above 5 SMA in monthly chart and above 20 SMA in weekly chart with HM system comparative charts (Monthly and weekly) charts of Index and Stocks- Random times- Tried to se HM buy signal with RED line below and BLACK and BLUE line above RED LINE- trying to find the red line above 40 RSI straight and below 50 RSI straight-line. RSI-Strength - BLACK - 9 WMA-VOLUME- RED -21 EMA- PRICE- GREEN -3 and  VWAP is used for Intra-day in 1 hr to 30 min charts.   Price always follow the HIGHER TIME FRAME- if there is a buy signal in higher time frame,  Than there will be BUY SIGNAL in lower time frame ALSO. For  INVESTMENTS CHECK WEEKLY AND MONTHLY CHARTS, MORE THE DISTANCE BETWEEN Volume(RED) and Strength(RSI-Black line) More will be the movement in PRICE.-Steep move in Black line from Red line When the Red line is on Top-It me...
Post a Comment
Read more