Nitin Ranjan

May 27, 2022

Weekly Index Check CW21/2022

Market Quadrant ⦿ Trend: Confirmed Downtrend ⦿ Momentum: Negative ⦿ Breadth: Weak, with higher timeframes bearish ⦿ Bias: Bearish on both long & short timeframes ⦿ Swing Confidence™: 37% Trend ⦿ Auto index is now undergoing a rally attempt ⦿ Almost all indices are in confirmed downtrend ⦿ PSE, Power & Energy in uptrend under pressure M...

May 20, 2022

Weekly Index Check CW20/2022

Market Quadrant ⦿ Trend: Confirmed Downtrend ⦿ Momentum: Negative & worsening ⦿ Breadth: Weak, with higher timeframes bearish ⦿ Bias: Bearish on short & intermediate timeframes Trend Exactly the same as last month ⦿ Almost all indices are in confirmed downtrend ⦿ Only PSE, Power & Energy in uptrend under pressure ⦿ No index in confirme...

May 13, 2022

Weekly Index Check CW19/2022

Market Quadrant ⦿ Trend: Confirmed Downtrend ⦿ Momentum: Negative & worsening ⦿ Breadth: Worsening, with lower timeframes oversold ⦿ Bias: Bearish on all timeframes Trend ⦿ Almost all indices are in confirmed downtrend ⦿ Only PSE, Power & Energy in uptrend under pressure ⦿ No index in confirmed uptrend Momentum ⦿ Almost all indices (in...

May 6, 2022

Weekly Index Check CW18/2022

Market Quadrant ⦿ Trend: Confirmed Downtrend ⦿ Momentum: Negative & worsening ⦿ Breadth: Worsening, with lower timeframes oversold ⦿ Bias: Still bullish on long-term, but bearish on short-term Trend ⦿ Most major indices (Nifty, CNX500, Midcap, Smallcap) are in confirmed downtrend ⦿ Only Power & Energy in confirmed uptrend ⦿ Media, Meta...

April 29, 2022

Weekly Index Check CW17/2022

Market Quadrant ⦿ Trend: Confirmed Downtrend ⦿ Momentum: Negative & worsening ⦿ Breadth: Weakening, with higher timeframes bearish ⦿ Bias: Bullish on both long-term & short-term Trend ⦿ Most major indices are in downtrend. ⦿ Nifty, Midcap & Smallcap are in a confirmed downtrend. ⦿ PSUbank & Metals are now in Uptrend under pressure ⦿ On...

April 23, 2022

Weekly Index Check CW16/2022

Market Quadrant ⦿ Trend: Rally Attempt ⦿ Momentum: Negative & worsening ⦿ Breadth: Higher timeframes weakly bullish, lower timeframes no longer overbought ⦿ Bias: Bullish on both long-term & short-term Trend ⦿ Most major indices (including Midcap, Smallcap, CNX500, Banknifty) in rally attempt ⦿ After a failed rally attempt, Nifty & Rea...

April 19, 2022

Simplifying Volumes

The time has finally arrived to simplify how we use the volume indicator on our charts. This is a post on what “simple” volumes are, & how to use them on Tradingview. The Simple volume indicator is minimalistic, in that, instead of introducing more bells & whistles, it strips away the conventional volume indicator from a lot of “noise”...

April 16, 2022

Weekly Index Check CW15/2022

Market Quadrant ⦿ Trend: Rally Attempt ⦿ Momentum: Negative but improving ⦿ Breadth: Higher timeframes bullish, but lower timeframes overbought ⦿ Bias: Bullish on both long-term & short-term Trend ⦿ Most major indices (including Nifty, Midcap, Smallcap, CNX500, Banknifty) in rally attempt ⦿ Power, PSUbank, Media, Commodities, PSE, Ener...

April 8, 2022

Weekly Index Check CW14/2022

Market Quadrant ⦿ Trend: Rally Attempt ⦿ Momentum: Negative but improving ⦿ Breadth: Improving on all timeframes ⦿ Bias: Bullish on both long-term & short-term Trend ⦿ Most major indices (including Nifty, Midcap, Smallcap, CNX500, Banknifty) are now in rally attempt. ⦿ PSE index joins Power, PSUbank, Media, Commodities, Energy & Metal ...

April 1, 2022

Weekly Index Check CW13/2022

Market Quadrant ⦿ Trend: Rally Attempt ⦿ Momentum: Negative but improving ⦿ Breadth: Improving on all timeframes ⦿ Bias: Bullish on both long-term & short-term Trend ⦿ Most major indices (including Nifty, Midcap, Smallcap, CNX500, Banknifty) are now in rally attempt. ⦿ Power & PSUbank join Media, Commodities, Energy & Metal as confirme...

March 25, 2022

Weekly Index Check CW12/2022

Market Quadrant: ⦿ Trend: Rally Attempt ⦿ Momentum: Negative but improving ⦿ Breadth: Weak & worsening a bit on all timeframes ⦿ Bias: Bearish on both long-term & short-term Trend: ⦿ Most major indices (including Nifty, CNX500, Banknifty) are now in rally attempt ⦿ Media, Commodities, Energy & Metal are the only indices with confirmed ...

March 17, 2022

Weekly Index Check CW11/2022

Market Quadrant ⦿ Trend: Rally Attempt ⦿ Momentum: Negative but improving ⦿ Breadth: Weak but improving on all timeframes ⦿ Bias: Long-term bullish, short-term still bearish Trend ⦿ Most major indices (including Nifty, CNX500, Banknifty) are now in a rally attempt ⦿ Media & Commodities now join Energy & Metal to have confirmed uptrend ...

March 15, 2022

Understanding Hollow Candles

Why do I use hollow candles & not traditional Japanese candlesticks? Are hollow candles just a cosmetic change, or do they provide us with some extra information that a traditional candlestick doesn’t? Traditional Japanese candlesticks are all solid. They are either green or red (colors may vary, but you get the point). Hollow candles ...

March 11, 2022

Weekly Index Check CW10/2022

Market Quadrant ⦿ Trend: Downtrend ⦿ Momentum: Negative but improving ⦿ Breadth: Weak but improving on all timeframes ⦿ Bias: Bearish on all timeframes (except the very short-term) Trend ⦿ Most major indices (including Nifty, CNX500, Midcap, Smallcap) stay in downtrend. ⦿ Energy & Metal are the first indices to regain the confirmed upt...

March 4, 2022

Weekly Index Check CW09/2022

Market Quadrant ⦿ Trend: Downtrend ⦿ Momentum: Negative & worsening ⦿ Breadth: Oversold ⦿ Bias: Bearish Trend ⦿ Most major indices (including Nifty, CNX500, Midcap, Smallcap) stay in downtrend. ⦿ Auto & Realty join the red list this week ⦿ Metals, PSUbank, Power & Energy stay in uptrend under pressure. Momentum ⦿ No index is having pos...

February 25, 2022

Weekly Index Check CW08/2022

Market Quadrant ⦿ Trend: Downtrend ⦿ Momentum: Negative & worsening ⦿ Breadth: Worsening on all timeframes ⦿ Bias: Bearish on all timeframes Trend ⦿ Most major indices (including Nifty, CNX500, Midcap, Smallcap) are in downtrend. ⦿ Auto, Metals & PSUbank are in uptrend under pressure. Momentum ⦿ No index is having positive momentum ⦿ A...

February 18, 2022

Weekly Index Check CW07/2022

Overview ⦿ Trend: Uptrend under pressure ⦿ Momentum: negative & worsening ⦿ Breadth: worsening on all timeframes ⦿ Bias: First signs of a bearish bias Trend ⦿ Most major indices remain in uptrend under pressure. ⦿ Only Metals & PSUbank are in confirmed uptrend. ⦿ Smallcap index goes in downtrend. Momentum ⦿ No index is having positive ...

February 12, 2022

Weekly Index Check CW06/2022

Uptrend under pressure. Momentum in negative territory & also gradually worsening. Banks & Auto are the strongest indices at present. Market breadth worsening on all timeframes. Trend ⦿ Most major indices remain in uptrend under pressure. ⦿ Metals join PSUbank, Auto, Energy & Power in confirmed uptrend. ⦿ Pharma, FMCG & Consumption rem...

February 4, 2022

Weekly Index Check CW05/2022

Uptrend under pressure. Momentum in negative territory but gradually improving.PSUbanks, Auto, Energy & Power are the strongest indices at present.Market breadth improving on all timeframes. Trend ⦿ Most major indices remain in uptrend under pressure. ⦿ PSUbank, Auto, Energy & Power indices remain in confirmed uptrend. ⦿ Pharma, FMCG &...

February 3, 2022

How to use Evernote as a Trading Journal

An often asked question among traders is regarding the best book to learn trading from. The best book is your trading journal where you note down what went right or wrong during the execution of your trades. Over a period of time, it forms a customised database that improves us as a trader, by better understanding ourselves & learning ...

January 28, 2022

Weekly Index Check CW04/2022

Overview Uptrend under pressure. Momentum not only in negative territory but also worsening. PSUbank, Auto & Power are only indices still standing strong. Market breadth worsening on all timeframes. Trend Most major indices are in uptrend under pressure. ⦿ PSUbank, Auto & Power indices are in confirmed uptrend. ⦿ Pharma, FMCG & Consump...

January 26, 2022

What are stage-2 stocks?

In this post, we take a look at how to identify stage-2 stocks, & why is it important to take any stock off your watchlist that is not in stage 2. The four stages Stan Weinstein, in his book “Secrets For Profiting in Bull & Bear Markets” outlined the principle of 4 stages that every stock goes through: Stage 1 - basing: Consolidation S...

January 21, 2022

Weekly Index Check CW03/2022

Overview Uptrend under pressure. Momentum not only in negative territory but also worsening. Auto & Power are the two indices still standing strong. Market breadth has now cooled off from its overbought levels. Trend Most major indices are in uptrend under pressure. ⦿ Auto & Power are in confirmed uptrend. ⦿ Pharma, FMCG & Consumption ...

January 19, 2022

Market Breadth

Market breadth measures the degree of participation & the conviction in the overall mood of the underlying index. A positive market breadth is said to happen when more stocks are advancing than are declining. Among many ways to measure this, one simple way is the % of stocks trading above a certain moving average. When most of the stoc...

January 15, 2022

Weekly Index Check CW02/2022

Overview Confirmed Uptrend. Momentum still in negative territory but rapidly improving. Most indices in the green. Pharma, Banknifty & FMCG in rally attempt. No index in downtrend. Market breadth has now reached overbought levels. RRG charts On Weekly RRG charts, compared to CNX500: ⦿ IT stays the market leader. ⦿ Smallcap, Pharma & Me...

January 14, 2022

How to transfer Chartink scan results to a Tradingview list

Importing scanned names from Chartink to Tradingview is a hassle, but in 5 simple steps, we can do this job quite effortlessly. Here’s how: After you have finished scanning the names, you need to export them out of Chartink in the form of an excel file. This spreadsheet needs a few modifications to get it ready for Tradingview. Now we ...

January 14, 2022

"Hey, World!"

Welcome to the first post of what I may call a ‘blog’. 🤗 I’m Nitin, & am a financial market enthusiast. I’m not a full-time trader, not SEBI registered, & not a financial advisor. I’m a short-term to medium-term stock trader/investor of cash stocks. My horizon for holding them is for a few days to a few weeks to a few months. It’s a co...