Identifying momentum trading using price percentile and sector seasonality
The video starts by explaining what OI percentile is and how it can be used as a measure of market sentiment. It is then shown to you, how to combine OI percentile with price action to identify potential breakout trades. By understanding, the relationship between price and OI percentile, you'll be able to make more informed trading decisions and gain greater confidence in the ability to execute profitable trades.
The tool helps investors visualize both the leading momentum stocks and the underperforming ones within the basket, relative to a benchmark. This functionality allows traders to identify market trends and rotations, helping them make informed decisions about sector rotations and momentum stocks on the NSE, particularly in the F&O segment
PGDM in finance, having 5+ experience in Equity, commodities , forex analysis and trading.
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