#SunPharma up 10% within a matter of 30 min.
#Mphasis up 11% in one day.
Is there a method to catch these moves in advance??
Yes, absolutely. Read on & take notes.
Because here are the best kept secrets of stock market which Operators guard with their tooth n nails.
#trading
#Mphasis up 11% in one day.
Is there a method to catch these moves in advance??
Yes, absolutely. Read on & take notes.
Because here are the best kept secrets of stock market which Operators guard with their tooth n nails.
#trading
This method consists of following six data points :
(they will get clear with examples below)
1. Cumulative future open interest build up - we have to look end of day data of futures OI & see that they are continuously increasing and more in no as compared to last month.
2/n
(they will get clear with examples below)
1. Cumulative future open interest build up - we have to look end of day data of futures OI & see that they are continuously increasing and more in no as compared to last month.
2/n
2. Price - the stock should be in uptrend or consolidation.
3.Volume - it should also be in uptrend.
4. Delivery percentage - it should be increasing or constant but not decreasing.
3/n
3.Volume - it should also be in uptrend.
4. Delivery percentage - it should be increasing or constant but not decreasing.
3/n
5. Options OI change data (EOD) - the resistance should shift upwards ( for an up move) or the support should move downloads (for a down move)
6. The market cycle we are in - it makes sense to take bullish position when we are in bullish market cycle.
4/n
6. The market cycle we are in - it makes sense to take bullish position when we are in bullish market cycle.
4/n
Although this method can work anytime, but it's efficacy increases during results, we get quick big profits.
Now we will consider one by one these all points in #SunPharma with charts.
5/n
Now we will consider one by one these all points in #SunPharma with charts.
5/n
SUNPHARMA results came on 30/7/21 during market hours. Here's the story till one day before results.
1. Future OI buildup -
You can clearly see the OI was increasing on day to day basis till 29th.
also this OI was more than average OI of last month.
(Image - StockEdge)
6/n
1. Future OI buildup -
You can clearly see the OI was increasing on day to day basis till 29th.
also this OI was more than average OI of last month.
(Image - StockEdge)
6/n
2. Price -
The price was in range with slight shifting up.
You can see this chart it clearly shows formation of a bullish pattern.
Also #Sunpharma was making HH & HL since last 1.5 months.
3. Volume - Increasing since 1 week.
7/n
The price was in range with slight shifting up.
You can see this chart it clearly shows formation of a bullish pattern.
Also #Sunpharma was making HH & HL since last 1.5 months.
3. Volume - Increasing since 1 week.
7/n
4. Delivery percent -
It was average not much concluding from this data one
Good thing was it was not decreasing.
(Image - StockEdge)
8/n
It was average not much concluding from this data one
Good thing was it was not decreasing.
(Image - StockEdge)
8/n
5. Options OI data -
The analysis of EOD data of whole of one week before result showed this story -
22 July - Heavy call and put writing at 700, showing no clear predilection.
(Images - icharts)
9/n
The analysis of EOD data of whole of one week before result showed this story -
22 July - Heavy call and put writing at 700, showing no clear predilection.
(Images - icharts)
9/n
23 July - Addition of Put at 670, showing upside bias increasing.
10/n
10/n
26 July - Puts were increased at 700, showing positioning of big players and strengthening of 700 as support. Also calls were increasing too at 760, shifting the resistance up.
11/n
11/n
27 July - Not much change. Slight increase in Puts.
12/n
12/n
28 July - Slight call unwinding at 730. Heavy put writings.
13/n
13/n
29 July - Put writing increased at 750 showing upwards bias.
Call writing at 710 and 720 showing that if these are taken out, we may see a big move.
14/n
Call writing at 710 and 720 showing that if these are taken out, we may see a big move.
14/n
The whole data analysis showed clever positioning of some big players who were anticipating big moves upwards of 750 after the results and they were ready to make hundreds of crores from it.
Our job was to simply place position along with them and make Lakhs at least.
15/n
Our job was to simply place position along with them and make Lakhs at least.
15/n
Now the big question how will you analyze all these data on your own, for hundreds of stocks.
You Don't!!
Just follow my Twitter account and I will update in advance whenever this kind of setup is forming in any stock.
16/n
You Don't!!
Just follow my Twitter account and I will update in advance whenever this kind of setup is forming in any stock.
16/n
Note -
1. This is not a holy grail. This is a method to increase our odds of picking right direction.
2. The importance of SL stands very tall in these directional trades, especially when the position is without hedge.
3. Always use trailing SL to maximize profits.
17/n
1. This is not a holy grail. This is a method to increase our odds of picking right direction.
2. The importance of SL stands very tall in these directional trades, especially when the position is without hedge.
3. Always use trailing SL to maximize profits.
17/n
Thanks a lot and show some love by liking n retweeting.
Also since this thread has gone too long, I'll be sharing the Mphasis and many other examples some other day. Let me know if you are interested on same in comments.
X0X0
Also since this thread has gone too long, I'll be sharing the Mphasis and many other examples some other day. Let me know if you are interested on same in comments.
X0X0
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