Trick to Add Unlimited Watchlists in #Tradingview free Version
Step 1 : Open Trading View Mobile App
Step 2 : Click on " + "
Step 3 : Create Watchlist
This works only on Mobile app
After making Watchlist on Mobile app you can add stocks in Website also . 2/n
HOW TO APPLY MORE THAN 3 MOVING AVERAGES IN #TradingView Free Version
Step 1 : Just Write "3 expo "
You will get multiple Options
Select "skollerposion"
Step 2 : TO add Normal moving Averages refer the 2nd Picture
Add other indicators as your own 3/n
Moving averages
EMA and SMA 1. Exponential Moving Average (EMA) is similar to Simple Moving Average (SMA), measuring trend direction over a period of time. 2. However, whereas SMA simply calculates an average of price data, EMA applies more weight to data that is more current 2/
21 EMA : SHORT TERM TREND 1. Calculates the Average Price of past 21 days 2. A stock above 21 ema is in strong momentum , which will give pullbacks to 21 ema again and again. 3. Stock above 21 ema should never be shorted so as to stay with the trend
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UNDERSTANDING MACD
Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of stock.
It is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. 2/n
The result of that calculation is the MACD line. A nine-day EMA of the MACD called the "signal line," is then plotted on top of the MACD line, which can function as a trigger for buy and sell signals. 3/n
2/ What is RETEST ?
When a stock Breaks out of a range that is called a breakout point .
The resistance that it was facing should now act as support .
Retest means after the Resistance is broken the stock comes back to take support in that region
3/ MAJORITY of time stock comes back to test the previous breakout region .
I have seen that 90% of The breakouts gets tested again !
And most REWARDING EXPERIENCE for me is during Retests only
1️⃣Nifty BeES is an ETF (Exchange Traded Fund) by Nippon India, which tracks the Nifty Index.
2️⃣To explain in simpler terms, Nippon India takes your money and uses it to buy the equivalent number of all 50 stocks that the component of Nifty Index.
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3️⃣ Each single share of Nifty BeES is priced approximately 1/100th of the Nifty Index.
4️⃣If Nifty is at 14500, the price of Nifty BeES would be (about) Rs.145. So if you buy 1 stock of Nifty BeES, the ETF would have invested in all of the 50 shares in Nifty.
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5️⃣But you can say one can’t buy all of the stocks with just Rs.145. Right, but when lakhs of people buy it, the fund can buy enough stocks and your returns will be weighted according to your investment.
6️⃣ Will you return be exactly like Nifty ?
NO .