TradingView is the best platform for doing chart analysis. Mobile app and software are also available which a user can use.
There are thousands of indicators and tools available for free.
It is the best screener that is available to scan and filter stocks out of 1000+ stocks. There are free screeners available and you can create your customized screener.
They also have a dashboard where you can add multiple screeners. chartink.com
3/ Opstra:
This is a good platform especially for futures and options traders. They can analyze payoff of their position, probability of winning, max profit and max loss.
Screener is one of the best platform to filter out stocks based on the various fundamental parameters. Investors shouldn't miss this and as it will help them in analyzing stocks.
Again it is a screener and it also helps in filtering good fundamental stocks based on the fundamental parameters.
Also, it has a screener based on mutual funds apart from stocks.
Journaling your trades is a pretty tough & boring task, but this software makes it easier in just one click !
More about @_anastrat:
An AI powered Trade Journal for Indian Brokers that can change your trading forever ♾
A trading journal helps traders track their trades and thoughts throughout the day. It's a great tool, because a thorough journal includes details beyond what you can see on your brokerage statement.
Hence, every trainer/mentor always ask their students to journal their trades!
Journaling your trades till today, was a very hectic, time-consuming and TBH a boring task. First you had to go through your trade book, then download it and then fill that data in Excel and put exact date and timings etc. etc. But not now.....
Trading on chart patterns is difficult until you read this !⚡️
Everything about Ascending Triangle Pattern
Free Technical Analysis course (3/10) 🧵
Ascending triangle is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows.
Horizontal line is the resistance, trendline indicates higher lows, i.e. uptrend.
It is a bullish pattern.
How we trade Ascending Triangle pattern?
We try to find out stock that has this pattern but has not given a breakout above the resistance. That means it is forming higher lows and consolidating near resistance.
We track it before the breakout to capture a big move on breakout.
They say only 1% of people actually succeed in the markets and the other 99% don't.
Here are 10 reasons why you might be losing money like the 99% 🧵:
7th reason is a must read!
1/ Trading on tips and calls shared on Twitter and Telegram:
Following a random person on social media thinking that the accuracy is good.
Next time the person gives the call, you put in huge money without following money management and trade goes against you.
2/ Options (both buying and selling):
- Taking a heavy position in Hero Zero Trades.
- Buying options and that option price becomes half and you don't exit hoping for recovery and later it expires 0.
- Selling options in hope of Theta Decay and big move happens against you.
Trading on chart patterns is difficult, Until you read this ! ⚡️
Everything about Cup and Handle Pattern
Free Technical Analysis course (2/10) 🧵
A cup and handle price pattern on a stock chart is a technical setup that resembles a cup with a handle, where the cup and handle both are in "U" shape, but the handle base is above the cup base as seen from below image.
Technically, it is a continuation bullish pattern.
Now how we trade cup and handle pattern?
We try to find out stock that has the pattern but has not given a breakout above the resistance that means it is in formation of handle.
Generally, big move happens on breakout itself hence; we track the stock just before breakout.