MICRO CAP- TREND AND RS

 

Weekly indices table. check trend date, check trend start price and gains. as per weekly dynamic trend.

WRV

weekly reversal value

If trend up and can turn down if friday close is below WRV - 90% of the time

since this is weekly chart

reversal of hour, daily always does not translate into weekly reversal value.

this is higher low and higher high on weekly

every week higher low and higher high

green dot

last week candle was also bullish. positive candle even as NIFTY TOTAL MARKET index should dip and neutral candle.

risk is given.

last column where it is how far it is from WRV

this is weekly dynamic trend color. green because WRV trend is up

red and blue decides the trend

in correction market its will be oscillation that gives idea that it is correction market or pullback volatility market

these are back bone of analysis.

later all other modes of analysis as to be applied as required. 

RS helps to filter further.

to select or not select

when new signals come

for example this table as per our weekly dynamic trend new signal

RS is sorted in descending order on new cross over

of red and blue line

for example

this stock 

new buy signal

we also have given fundamental rating in this table

2/3

so new signal, RS sorting and fundament score

new next job once selected is to hold as long as trend is up

we don't decide and think of what will happen.

related to this we have product.

fresh one buy week and follow up

further based on some query.

we have started to build the basket of the new addition 

the reason being if some one bought and not taken action

of exit

then whenever next buy comes at lower levels one need to add again

and keep taking action to remain focused.

in correction trend will be choppy

and may not show results that time RS will help to spot. weakness as we decide only RS > 55 and then we look at chart which to take and which not to take.

from these signals we selected one

under this

so starting point becomes this stock Hindcon 

and next week will go in follow up

so at this point 

one has to take action

if you dont  in thinking it will work or not work

then opportunity can be missed. we also have overall market understanding developed as we track market day in and day out

as already mentioned in training time and later. broad market mid cap small cap and micra cap will have a fortune in time to come. the same is happening

so say we may take few minutes based on observation

but it take time and one need to go through motion of the market

therefore, last time i indicated to buy MCAP 150 Kotak etf

in this we have shown internal and external retracement. which opportunity in accumulation zone. and upper -61.8 and -161.8 giving target  

by nov 23 could be at the next upper target

and must remain above the -61.8% show hence forth even as correction sets in. because then we will an internal retracement again.

of the last corresponding rise of green if that happen

These is example of how analysis can be done.

Lay down argument, proposition and observation before taking any decision.

How data statistics can help to take decisions.

Charts are graphical representation of price giving pictorial effect for plan of action irrespective of MTM.

At time goes into observation precision can be improved.

After understanding market behavior in total in context of macro and micro movement of market and stocks.