1. Identifying the direction of trend 2. MA crossover 3. Dynamic Support and Resistance 4. Price Crossing above Key EMAs
Note : In chart 21 ema is red , 50 ema is green and 200 ema is black
2/n
Why EMA and not SMA ?
EMA is fast , accurate and prices in recent data ! 3/n
Use 1 : Identifying the trend of stock on dtf
The 21 ema will tell us the Short term trend of a stock , while the 200 ema will tell us the long term trend of a stocks
Any EMA that is sloping
:upwards trend is BULLISH
:sideways trend is NEUTRAL
:downwards trend is BEARISH 4/n
MOVING AVERAGES SIDEWAYS:
When Moving averages turn flat means the stock is in consolidation and is in sideways zone .
Generally this occurs after an uptrend or downtrend and may lead to continuation of previous trend .
This is generally no trading zone for swing traders 5/n
1. Whenever ema is sloping upwards its called uptrend 2. Whenever ema is sloping downwards its called dowtrend 3. Whenever ema is sideways its called consolidation
⏫Buy in uptrend
⏬Sell in downtrend
Whenever stocks move too away from ema it is extended and pullsback 6/n
EMA CROSSOVER 1. Whenever the 21 ema crosses 50 ema from down to up short term trend changes from bearish to bullish and vice versa. 2. The 21 Should be above 50 ema for uptrend and below 50 ema for downtrend
Ex: 7/n
Crossover rules:
Crossover shouldnt be traded solely as it can lead to multiple signals of buy and sell ,always use confirmation of volume , price etc to take trade .
During consolidation you will get many signals and hence its not advised to use during sideways trend
8/n
50 and 200 ema crossovers
50 cutting 200 from down : Golden Cross
50 cuttinf 200 from up : Death Cross
The Long term trend changes when DEATH CROSS happens and its one of the most dangerous situations
Price falls raidly after the Death Cross 9/n
DYNAMIC SUPPORT AND RESISTANCE 1. 21 ema Dynamic support for trending stocks in short term 2. 50 ema dynamic support for mid term 3. 200 ema dynamic support for long term
Examples Explained ! 10/n
PRICE CROSSING AVOVE 200 EMA
200 EMA : THE LONG TERM TREND 1. When a stock price crosses its 200-day moving average, it is a technical signal that a reversal has occurred. 11/n
3. A simple rule of not buying stocks below 200 ema for short term trading could save a lot of money 4. One may consider investing in stocks if the stock is below 200 ema only if he is confirmed about the fundamentals of the stock 5. Some may not agree with this and its ok!
12/n
WEEKLY 200 EMA : VERY LONG TERM VIEW: 1. If you use 200 ema on weekly timeframe you can be in a trend for a very long time
2.The sell signs will be given late as we are using weekly timeframe @rohanshah619@Puretechnicals9 13/n
It took me 3 years to understand Volume Price Analysis
I'll explain in next 10 tweets
A thread🧵
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
A thread🧵
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
Swing Trading Strategy with Chartink Screener and Live Examples
A Thread🧵
Step 1 : Run this Screener
✅Filters Out Stock which are in 5% range of their 52 Week High
✅ ROE, ROCE > 15
✅Above 21 ema chartink.com/screener/stock…
Step 2 :
After running the Screener you will find 100 Stocks in the list
If you want you can change Market Cap Filter , ROE , ROCE Filter which changes the no of Stocks in the Screener
Step 3 : Open each chart one by one
Assuming you take 1 min per chart , it will take only 90 mins per day for Stock screening which comes down to 45 min if you do it regularly
Step 4 : We will only trade 2 patterns