Tools used 1. HeikinAshi charts 2. 200 ema (black)for Dynamic support and reversal point 3. 21 ema(red) for trailing stop loss 4. Volumes 5. Your own confirmations and modification
2/n
Strategy:
200 ema is very important line of support on daily time frame .
Most reversals occur on this area of junction and stock further decides its trend from this point
Mostly stock consolidates near this area beore further move
Example : Breakdown Vs Reversal 3/n
1. Heikin Ashi candle shows the trend of a stock 2. Once we get confirmation of 2 Strong Green candles with full body a long trade can be created upon the closing above 200 ema 3. For further confirmation you can use Volume Spikes ,Macd or Relative Strength for filteration 4/n
1.200 ema is very important line for support and a stock should be closely watched at that junction .
2 In #bhel we can see how the price bounced back after 2 confirmation green candles. 3. The stock bounced 40% till top before dropping off. 4. Now again approaching 200 ema 5/n
Similar Chart : #coalindia
Fresh Reversals 1. 21 ema can be used as trailing Stop loss in such cases to ride the trend 2. One can use Risk Reward of minimum 1:2 for targets. 3. The Rewards will be very high compared to risk . 4. One can maximum have stop at 8%. 6/n
Fresh Buying and confirmation of reversal: #piind closed above 200 ema and above support area.
This is a high probabilty setup for buying as we see volume also picking up and Rs is increasing.
You have to modify this with your own strategy and check what suits you.
7/n
21 ema resistance :
Sometimes if the 21 ema is close to 200 ema and stock is bouncing you need to get confirmation closeabove 21 ema for safety .
Many times stocks will take resistance at this are and fall again.
Best confirmation is volume spikes above 200 ema
Examples : 8/n
Potential Buy #LAURUS#NILKAMAL#THYROCARE Obviously after confirmation . #Laurus and #nilkmal looks good for fresh upsde as they both held well in falling market 9/n
I made A few Lakhs using this Famous Swing Trading Strategy
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It is characterized by a period of price volatility followed by a contraction phase, leading to a breakout in the stock's price. Here's a breakdown of the VCP pattern:
Breakout Rules :
Buy Stocks on Break , not after breakout
Use Alert Systems or place GTT orders near Breakout area
If you miss the breakout better to stay away from stock as RR goes out of favour
It took me 3 years to understand Volume Price Analysis
I'll explain in next 10 tweets
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RT for max Support
Support Resistance
✅They simply represent the 'extreme' psychological levels of fear and greed in that particular price region and time.
✅Strength of Buyers = Sellers
✅Lower volatility price congestions
7 less known Tradingview Indicators that all traders should know about
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1. @TraderLion_ Enhanced Volume Indicator
Lime Green Bars Suggests day when the stocks closes near the days high and volume greater than past 10 down volume days Suggesting Institutional Accumulation
Has Features Like :Highest/Lowest Volume in a year.
Modified version of Bollinger Bands
When price is written in blue, volatility overall is falling. When the outer bands start to fatten up in blue, a contraction signal is forming. Works with any length of your choosing