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
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
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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
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Trendline Breakout in uptrend
Buying on breakouts of trendline
Look for Volume Confirmation
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Trendline will act as Support and Resistance
Simple Strategy of Buy Low Sell High works best combined with other buying rules
Selecting Stocks For Intraday
A Thread For Weekend 🔖
How to Top Down Approach
Basic Stock Selection
RETWEET SHARE ! 🔄 #StockMarket @kuttrapali26@rohanshah619
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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:
Picking Random Stocks Or FnO stocks Is a option
Midcaps and Smallcaps with High Liquidity will Provide high volatilityfor trades
Having stocks from all
sector and all sizes
Always have sectors in your intraday
watchlist
That will increase your winning ratio 3/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
Always have multiple targets based on time horizon
Short term targets are near resistances and long term targets are far resistance
AMARARAJA BATTERY 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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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
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