Preksha Baid Profile picture
Feb 5, 2023 16 tweets 6 min read Read on X
Simple Price Action - Swing Trading Strategy. 💚
No Indicator Used.

A THREAD 🧵
(1/13)

#StockMarketindia #trading #StockMarket @sunilgurjar01 @kuttrapali26
Step 1:
Identify the stocks which are in short term downtrend phase.

Let’s understand it with the chart of Wipro.
Date: Feb 2021

Here we can see, stock is in short term Correction/ Downtrend. (2/13)
Step 2:
Draw a trendline by connecting all swing highs & wait for the price to break the trendline.

The Trend Line Breakout technique helps you time your entry in a trending market. (3/13)
Step 3
Once the price closes above the trendline, take entry after the confirmation.

For confirmation : Wait for second candle to close above the breakout candle.
Confirmation always protect from fake breakouts. (4/13)
Step 4:
✔Retest level: If you missed to add stock at breakout level, retest can be the best level where risk reward ratio is highly favourable.

If the retest holds the breakout level, the market is likely to reverse in the opposite direction & can change the trend. (5/13)
Step 6:
✔Stoploss: Once the price gives trend line breakout, place your stoploss below the breakout candle.

Now the price should not come below this trendline, else the breakout will fail. (6/13)
Step 6:
#Trendline breakout is powerful setup for swing trading, here we can see a clear up move in the stock after the trendline breakout.
The trend changed from downtrend to uptrend. (7/13)
Step 7: Target/ Exit point –
✔I always follow next resistance level as my target.
✔Always mark strong resistance areas in your chart and use them as a target for a perfect exit. (8/13)
Trendline breakout reverse the trend, You can always trail your stop loss to ride the massive trends. (9/13)
Current example to track for better understanding:

MAHINDRA LIFESPACE DEV LTD (MAHLIFE)
Date : 03-Feb-2023

Stock given trendline #breakout with volume. (10/13)
BOROSIL RENEWABLES LTD (BORORENEW)
Date : 03-Feb-2023

Stock is at trendline breakout level. (11/13)
BAJAJ AUTO
Date: 24-Jan-23
Recently given breakout and showing good strength. (12/13)
♥If you found this thread useful, please RT the first tweet.🔁 (13/13)
A Thread: To learn HAMMER candlestick pattern. 👇
A thread: To learn BULLISH ENGULFING candlestick pattern. 👇

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More from @itsprekshaBaid

May 29
Why sell options when the implied volatility (IV) is higher and buy when the IV is lower❓

A Thread 🧵

(01/17)

#stockmarket #tradingImage
What is IV?
Implied volatility (IV) is a metric used in the stock market that reflects the market's expectations of future volatility of a stock's price. (02/17)
Selling options when implied volatility (IV) is higher and buying options when IV is lower is a common strategy in options trading because it leverages the pricing dynamics influenced by volatility.

Here's a detailed explanation of why this strategy is used: (03/17)
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Mar 29
We traders, always make our trading so complicated & in live market that results into losses.

Simple range breakout strategy to catch Index trades.

A Thread 🧵
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#StockMarket #trading
@kuttrapali26 Image
✨What is range bound market?
When the stock prices generally flow back and forth near the old highs and then fall back to the recent lows.
When we mark such highs and lows, we find a range, and when the price move between that range, it can be termed as range bound. (2/14) Image
✨What is Range breakout?

When the price breaks the range which we marked earlier, it means now the price is no more trading in thein congestion area, then it can be termed as range breakout.
After such range breakout, we can see good price movement in that particular direction. (3/14)Image
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Feb 10
Free Cash Can Be Rewardable.

Everything you need to know about LiquidBees.

A THREAD🧵
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#StockMarketindia #tradingImage
An ETF where we can park our cash – As an alternative to keeping funds in your trading account. (2/15)
This Exchange Traded Fund exclusively invests in the overnight money market, providing a high level of safety and liquidity.
It is monitored by the RBI to ensure there are no challenges in terms of repayment or liquidity. (3/15)
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Jan 13
Mutual Fund vs. ETFs

What is the difference?
Which one to choose?

A THREAD 🧵 (1/20)

#StockMarketindia #trading #StockMarket

@sunilgurjar01 @kuttrapali26Image
There are various ways of investing, and two of the most popular are mutual funds and Exchange-Traded Funds (ETFs).
Both are pooled funds that allow investors to access professionally managed funds that offer diversification in a wide variety of asset classes and industries. 2/20Image
MFs includes stocks, bonds, and money market funds that are bundled together in a single mutual fund. They offer investors a way to own a diversified portfolio of investments at a lower price which is not possible if they own each instrument separately. (3/20)
Read 20 tweets
Dec 10, 2023
Simple Price Action - Swing Trading Strategy. 💚

No Indicator Used.

A THREAD 🧵 (1/13)

#StockMarketindia #trading #StockMarket
@kuttrapali26 Image
Step 1:
Identify the stocks which are in short term downtrend phase.

Let’s understand it with the chart of Wipro.
Date: Feb 2021

Here we can see, stock is in short term Correction/ Downtrend. (2/13) Image
Step 2:
Draw a trendline by connecting all swing highs & wait for the price to break the trendline.

The Trend Line Breakout technique helps you time your entry in a trending market. (3/13) Image
Read 13 tweets
Sep 19, 2023
Simple Price Action - Swing Trading Strategy. 💚
No Indicator Used.

A THREAD 🧵
(1/13)

#StockMarketindia #trading
Image
Step 1:
Identify the stocks which are in short term downtrend phase.
Let’s understand it with the chart of Wipro.
Date: Feb 2021
Here we can see, stock is in short term Correction/ Downtrend. (2/13) Image
Step 2:
Draw a trendline by connecting all swing highs & wait for the price to break the trendline.

The Trend Line Breakout technique helps you time your entry in a trending market. (3/13) Image
Read 14 tweets

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