How to Identify the Best Internet Stocks

Introduction

• Speaker: Ritesh from Mumbai
• Topic: How to identify the best internet stocks.

Key Points

Importance of Morning Market Analysis

• Routine Work: Identify stocks early morning.
• Sacrifices & Importance: Selection based on trends and volume in the morning.
• Scanners: Tools to track price movements, supported by volume.

Identifying Key Stocks

• Volume Indicators: Find where bulk quantities are traded.
• Entry and Exit: Use data to make precise entry and exit decisions.

Specifications for Selecting Stocks

• Quantity & Value: Focus on high volume and substantial price movements.
• Example: For specific stocks like Yes Bank and ICICI, understand volume and value correlation.
• Volume in Crores: Focus on stocks with significant volume in crores for better insight into market trends.

Criteria for Analysis

• Board Math (BODMAS): Applied for price comparison between current and previous days.
• Open, High, Low, Close (OHLC): Conditions set based on these parameters.
• Market Conditions: Use daily candles and their comparisons to previous values.

Detailed Condition Creation

• Future Trades: Focus on lots rather than quantities in futures trading.
• Morning Conditions: Use price movements at opening hours to decide trades.
• Example Criteria: Open = Low, Close > Previous: Helps identify strong buy signals.

Advanced Scanning Techniques

• Technical Queries: Creating conditions using factors like volume, quantity, etc.
• Example Conditions:
  • If Close > Previous Close, it indicates potential upward movement.
  • Buy quantity > Sell quantity by a significant margin.

Real-time Scanning

• Morning Alerts: For aggressive buying/selling trends using predefined filters.
• Intraday Movements: Focus on real-time market conditions and volume spikes.

Specific Formulas and Their Applications

• Doji Candle: Identify neutral market conditions using Open = Close.
• Two-Time Verification: Minimum two-time touch for trend confirmation.
• Custom Formulas: Ability to protect strategies by naming and setting custom conditions.

Tools for Precise Filtering

• Volume & Value Analysis: Use tools to filter stocks with high trade volume and value.
• Specific Alerts: Set based on BODMAS and other predefined strategies.

Concluding Remarks

• Always verify market conditions using customized formulas and scans.
• Real-time adaptability is crucial for accurate stock selection.

Contact and Support

• Queries: Reach out via WhatsApp or email for doubts and further information.

Thank you!