Discover and read the best of Twitter Threads about #TIMKEN
Most recents (3)
How to Spot New Leaders in BEAR Market
A Short Thread🧵
If you want a Youtube Video drop a " YES"
A Short Thread🧵
If you want a Youtube Video drop a " YES"
Inspiration and credits: Mark Minervini sir
Youtube Link :
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Youtube Link :
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What to Look for ?
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An educational #Thread on what type of trades 1 can take & what r the rules for it.
Majorly there r 3 types of trades a trader takes :-
* Breakout Trade
* Breakout Retest Trade
* High risk reward contra trades
Disc. - All the #Stocks discussed are for educational purpose!
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Majorly there r 3 types of trades a trader takes :-
* Breakout Trade
* Breakout Retest Trade
* High risk reward contra trades
Disc. - All the #Stocks discussed are for educational purpose!
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#Breakout Trade!
A Breakout trade is usually a trade where the price breaks a strong resistance/supply level after consolidation. These r considered strong stocks.
To add conviction to our trade we check volumes, RSI, RS etc. for confirmation.
Let's understand with e.g :-
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A Breakout trade is usually a trade where the price breaks a strong resistance/supply level after consolidation. These r considered strong stocks.
To add conviction to our trade we check volumes, RSI, RS etc. for confirmation.
Let's understand with e.g :-
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#ADANIPOWER
It has broken strong resistance level of 135 with strong volumes on daily chart with RSI crossing 70, Prev. swing high which adds more conviction in the trade & makes it a high probability trade.
Suggestion - Add 50% qty on breakout & rest 50% wait for retest.
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It has broken strong resistance level of 135 with strong volumes on daily chart with RSI crossing 70, Prev. swing high which adds more conviction in the trade & makes it a high probability trade.
Suggestion - Add 50% qty on breakout & rest 50% wait for retest.
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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
