The Minervini Trend Template

Never miss an Uptrending Stock.

"Cut your losers & let your winner run" ~ a Peak Trend Follower

Dear Peak Trend Follower,

It looks like we may have a sustained Bull run now.

And if that’s the case, you must be ready to ride a massive uptrend.

But how do you know if a stock is in an UPTREND?

Today, I will discuss with you a template to find “stocks in an uptrend” that is used by no other than the greatest trader of our generation, Mark Minervini. It’s called the Minervini Trend Template.

Link to the scanner (link).

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The Minervini Trend template:

Here are the conditions for a stock to fulfill for Minervini to consider it in a defined uptrend:

1. Close above the 150-day SMA and 200-day SMA.

2. 150-day SMA is above the 200-day SMA.

3. The 200-day SMA has been trending up for at least 3 months.

4. the 50-day SMA is above both the 150 and 200-day SMA.

5. The current close price is above the 50-day SMA.

6. The current close price is within at least 25% of the 52-week high price. lastly

7. The current close price is at least 30% above the 52-week low price.

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Scanner for the Minervini Trend template:

Here is the scanner I wrote on chartink:

https://chartink.com/screener/copy-minervini-trend-template-breadth-4

Results as of 19th June 2023 shows 503 stocks on an uptrend which is about 25% of the total NSE universe.

This number has been steadily increasing since the March lows. In a peak bull run, this number can easily run to the 1200s ie 60% of the total NSE stocks.

You can also notice that this number has broken out of the previous swing high. This is a good sign and maybe a confluence to the mildly bullish signal of the markets.

Here is a minimal Breadth dashboard for you.

https://chartink.com/dashboard/167408?open-widget=1774396

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If you want to learn more about Mark Minervini and his work, you can read his books (3 books). Immensely valuable if you are a beginner:

If you are a beginner trader, struggling to be consistently profitable.

Sakatas Homma can help you level up in the following 2 ways below:

1. The Sakatas Homma TA masterclass for beginners:

   A monster course (12-15 hours total). Hourly sessions on weekends. Twice a year.

   Please register for the fall 2023 course (September 2023) using the link below.

   https://docs.google.com/forms/d/e/1FAIpQLScfnQA1w9WDTtTAPEHIqzkS9jhRSZFA1BZXuWRZ5JPZ3Qfu8g/viewform

   Watch my 1st session of the spring 2023 batch.

2. Homma Private Access membership:

   HPA is a subscription-based educational service (on WhatsApp). Benefits include:

   1. Daily Market Breadth Update.

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UPI payment & WhatsApp @ 9481506784.

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This is all for this weekend,

I will see you in the next one. Till then,

Don’t stop asking those stupid questions.

~ Homma

• Some Peak Scanners for you:

  Pullback to 10/21 ma: https://chartink.com/screener/copy-shpb1021

  VCP (long-term timeframe): https://chartink.com/screener/shvcp-epic-modified