A thread on how to draw trendlines!

Confused between connecting wicks or bodies while drawing a trendline ?
Our main aim to draw trendline is to get maximum points of price on a line .
It can be through wicks tails or body and there is no fixed rule !

RETWEET SHARE🔄 !
1/n ImageImageImageImage
Trendline as Trailing Stop Loss.
1. Trending stock Tends to pullback near Moving averages and trendlines .
2. This could be areas of fresh buying or you can shift your Stop loss to upside
3. As soon as trendline is broken then you can sell a stock and take reverse position

2/n ImageImageImage
Trendline as Trendreversal
1. You can Buy breakouts of trendline in a downtrend
once the trend is changed with emergence of HH HL structure
2. You can initiate long postion with Stop at previous swing low
3. Sometimes you may find retest on trendline also

3/n ImageImageImage
Trendline Breakout in uptrend

Buying on breakouts of trendline
Look for Volume Confirmation

4/n ImageImageImage
Trendline will act as Support and Resistance
Simple Strategy of Buy Low Sell High works best combined with other buying rules

5/n

@kuttrapali26 @AmitabhJha3 @rohanshah619 ImageImageImageImage
@rattibha compile

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More from @JayneshKasliwal

18 Nov
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RETWEET SHARE ! 🔄
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1/n
Manual Stock Filteration WHY?
1. Doing manually requires a lot of effort and time , so it can be tiring.
2. You will gain edge over finding stocks if you do it regularly
3. After your own analysis you gain confidence, that will help you in more successful trading
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Watchlist:
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Having stocks from all
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Always have sectors in your intraday
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Read 14 tweets
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A THREAD🔖
RETWEET SHARE!🔄
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1/n
What is Breakout ?
A breakout is a stock price moving outside a defined support or resistance level with increased volume.
Always trade breakouts in uptrend for high win ratios
Source : Google
2/n
How to set targets
Always set targets based on resistance on charts
There shouldn’t be target blindly without any logic
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AMARARAJA BATTERY
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RETWEET AND SHARE 🔄
@kuttrapali26 @AmitabhJha3
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1/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.
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Retweet Share !
@kuttrapali26 @AmitabhJha3
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Trick to Add Unlimited Watchlists in
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Step 1 : Open Trading View Mobile App
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RETWEET SHARE !
@kuttrapali26 @AmitabhJha3
1/n
POSITION SIZING :

In simple Language how much Percentage of your Portfolio you should invest in a particular Script .

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Let us see how .
2/n
There are rules to be followed
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(%of your whole capital)

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1/n
UNDERSTANDING MACD
Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of stock.
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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.
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