HTF or Powerplay requires 100% in 8 weeks. What I have found in Indian markets is that, flag like muted selling happens around a 75% mark itself and if we are looking for a 100% move, we might even end up missing it. I use a 75% in 6 weeks condition to filter.
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#Trader
What do I look for in a flag. I look for low volume selling with a not so deep price correction. What is deep is debatable. For me 100% move I agree for 20%, If its 75%, I agree for a 15% correction and so on.
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#StockMarket #StocksToWatch
Once the low of the flag is set, I dont want any more Drops in price on on high volumes. As Long as high volume selling is not there, I know that the institutions who have got in haven't sold.
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#StockMarket
What if they are selling in a discrete manner. That Way they might be liquidating slowly. If such liquidation happens, the stock wont breakout out again for a long time.
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#stockmarkets
If the stock has moved 100% before it makes a flag, I want the flag to move within 8 weeks. If the stock doesnt break the pole in 8 weeks, its not a flag or Powerplay anymore.
If the institutions sell quickly, Price will fall with volumes. If Volume is dry and a breakout happens in less than 8 weeks, I take the ride. Its not a normal box vcp trade.
Flags can give great returns. If a Flag works, based on my trading history, you will get atleast 1-1.5% per day of holding.
@MarkRitchie_II @markminervini @VVVStockAnalyst Please share your views
@MarkRitchie_II @markminervini @VVVStockAnalyst Please share your views
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Don't look for flags on weekly charts. The strongest of flags can move in 7-10 days also. If we look at weekly, you wont see anything.
Don't look for flags on weekly charts. The strongest of flags can move in 7-10 days also. If we look at weekly, you wont see anything.
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