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Many people want to jump in to trading. Post 2021 was one kind of a market where #BuyTheDip was the basic theme of the market. That for sure is not working now when markets are tanking.
That is why in absolute basic, "Understanding Price Action" is must for traders. A Thread...
That is why in absolute basic, "Understanding Price Action" is must for traders. A Thread...
Price Action Trading is representation of Price in the forms of charts taking in values - Open, High, Low, Close referred to as OHLC Values in Candle or Bar Form. To gauge whether the price is going up or down, we plot the price wrt to time on x--y axis. For eg. #Reliance + 
This chart tells you what the market is doing and not what you think it should do. Second, you need to understand the time frame on which you are trading. For the simplicity, I will refer to 1 day charts. But traders use charts from 1minute, 5m, 15m, 30m, 1 hour to 4hr...+
Sales history :
2011 : 240 Cr
2020 : 1300 Cr
Trend : 20.64% CAGR growth in sales.
2011 : 240 Cr
2020 : 1300 Cr
Trend : 20.64% CAGR growth in sales.
Profit history :
2011 : 30 Cr
2020 : 230 Cr
Trend : 25.39% CAGR growth in profits.
2011 : 30 Cr
2020 : 230 Cr
Trend : 25.39% CAGR growth in profits.
Sharing a new concept of #RTG, a pattern which I take as a very powerful sign on charts. This is basically Red to Green transformation, #RTG - a term coined by me. Lets see it on charts. I had traded this last year in #GujaratGas, sharing that chart as well.
There is no rocket science behind #RTG, it is quite simple. In candlestick reversal patterns, the most important thing is how deep the candle retrace. Like between Thrust, Piercing & Engulfing, the basic difference is nothing but the depth of retracement. The thrust 2/n
being the weakest one, retracing less than half of previous opposite color bar. Piercing retraces more than half, while engulfing retraces beyond the complete opposite color bar. Take the same concept- in this the candle retraces beyond the opposite color candle by the gap 3/n
