SAKATAS HOMMA ๐Ÿ“ˆ
SAKATAS HOMMA ๐Ÿ“ˆ

@SakatasHomma

14 Tweets 7 reads Jun 07, 2023
Will the market Fall?
What does the Breadth look like?
#Nifty50
#Nifty500
A thread to clear all your doubts
1. % stocks above key MAs shortterm medium term & longterm
All look bullish, Pointing UP.
2. % Stocks in Stage 2 (or stage 4).
65% stocks in Stage 2 right now and increasing.
Bullish.
3. Advance Decline Line:
Medium and Longterm improving both
4. capitulation Plots:
Showing an increase in momentum
5. % of stocks in RSI overbought Territory.
~ 27%. Not a number to be overly worried.
6. No. of stocks in the Minervini Trend Template
almost 20% of the NSE number and breaking out of a FLAG.
7. High low index (and Net high low):
All pointing upwards
8. No of stocks above all Key MAs.
Pointing towards New highs.
9. Outperforming Sectors:
Industrials, IT (mid & small)
10. No. of High Tight Flag set-ups (eg Patel Eng)
To the moon
11. Positive vs Negative Volumes:
Positive increasing, negative declining
Shows Buying force is getting higher
12
But you did not have to see this data as the indices are ripping higher every day.
Just trails the stops.
Don't predict the bearishness and act on it before you actually see it.
End of thread ๐Ÿงต
Found this thread useful?
Share it with your followers too, by liking and retweeting the 1st tweet
& follow me @SakatasHomma for more such clean, easy to understand Trading related bytes.

Loading suggestions...