How to find out the expected targets and what should be the exit criteria when you enter a trade - 🧵

Possible ways to find out the target:

Check if any patterns forming - it gets quite easy to figure out the targets that way. (1/15)

Let's say cup and handle. Our first target in this case will be the height of the handle and final target will be height of the whole cup. It's the same with H&S. First target will be the height of the shoulder and final will be the height of the head. (2/15)

In triangles, the targets will be height of the whole triangle.

Sometimes, after hitting the first target.. stock starts consolidating or take a retest of the breakout. On some occasions, stock gives one sided move non-stop.. without any pullback. (3/15)

A lot depends on the stock behaviour too. If a particular Index gave a breakout, then too stock gives final target without pullback.

Also, if stock gives weekly breakout and market is trending during that time.. even then it gives a one sided move. (4/15)

Recently, we've seen many such stocks -- Kotak Bank, TataMotors, TataPower.

Other helpful thing I learned from @Traderknight007 about exit criteria is using volume expansion and DMA/EMA. I began using it and benefitted. This is recently observed in TCS, DLF & many others. (5/15)

Learning Web series for Traders

Price Action Trading - Part 2

Part 2 Video link - https://t.co/nf1mFRd9Gi

Part 1 Video link - https://t.co/7V2pz0aCdx

@Puretechnicals9 @ProdigalTrader @sahneydeepak @RajarshitaS @Stockstudy8 @vivbajaj @Prakashplutus @hjyadav @PAVLeader https://t.co/m9fcTPcxYg

Some ofthe biggest breakouts occur after Volatility Contraction, the analogy is that more a spring is pressed, higher it jumps whenever it gets released.

There is a VCP Scanner on chartink (Not mine). This may also be used to find potential Breakouts.

Breakout Trading 101, All you really need to know. 👇
https://t.co/DhDE4H1Oiz

Bullish Flag Pattern Simplified!

✅ Bullish Continuation Pattern
✅ Short Term Chart Pattern
✅ Most Occurring Pattern
✅ Trend will be Continued

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#LearnWithChartmojo

A Thread on #VWAP - for #Intraday

With #Zerodha Charts that most of us use.

Kindly RT if you like it. 🙏

@kuttrapali26 @Mitesh_Engr @vivbajaj @caniravkaria @nakulvibhor @ST_PYI @PRSundar64

VWAP - One of the most trusted indicator is volume-weighted average price (VWAP). Simply average the price and volume and indicate a price point of the trading of day. Works in #intraday Only.

How to use #vwap -

First 15 minutes - #ASIANPAINT on a 5 min TF explained in pic below

- Entry based on #VWAP in morning gives max gains.
- In a bull chart it won't touch VWAP again in day.

#VWAP ( how to short ) in Mid of Session -

How to short using VWAP - Explained in #mindtree and #HCLTech 5 min TF

Always wait for retest and confirmation before taking short - keep SL above VWAP

How VWAP helps identifying Bull and Bear Run in continuation

Explained with this #HCLTech and #TataSteel Chart🙏

When you have a hint of breakout and that may continue .. how to confirm with #VWAP ?

𝗧𝗥𝗔𝗗𝗜𝗡𝗚 𝗖𝗔𝗡𝗗𝗟𝗘𝗦𝗧𝗜𝗖𝗞 𝗣𝗔𝗧𝗧𝗘𝗥𝗡𝗦 !📊

~𝙰 𝚃𝚑𝚛𝚎𝚊𝚍~🧵

𝙿𝚕𝚎𝚊𝚜𝚎 𝚁𝚎-𝚃𝚠𝚎𝚎𝚝 𝚝𝚑𝚒𝚜 𝚝𝚠𝚎𝚎𝚝 𝚏𝚘𝚛 𝚖𝚘𝚛𝚎 𝚛𝚎𝚊𝚌𝚑 🤞

@ProdigalTrader @SouravSenguptaI @PAlearner @Puretechnicals9 @caniravkaria @MrigankPuri @nison_steve @chartmojo

(1/18) In this thread, l'll try and talk about candlestick patterns, what they are, how they work, and why you don’t need to memorize any particular pattern to gauge the supply and demand of market.

(2/18) It’s said that Japanese candlestick patterns originated from a Japanese rice trader called 𝘔𝘶𝘯𝘦𝘩𝘪𝘴𝘢 𝘏𝘰𝘯𝘮𝘢 during the 1700s. Later, this concept was introduced to the Western world by Steve Nison, in his book, 'Japanese Candlestick Charting Techniques'.

(3/18) Every candlestick pattern has four data points:
𝗢𝗽𝗲𝗻: The opening price.
𝗛𝗶𝗴𝗵: The highest price over a specific time period.
𝗟𝗼𝘄: The lowest price over a specific time period.
𝗖𝗹𝗼𝘀𝗲: The closing price.

Here’s an example:

(4/18) Now a thing to note is that candlestick patterns maybe both bullish or bearish and there are single candlestick patterns, two candlestick patterns and even three candlestick patterns.

𝐂𝐀𝐍𝐃𝐋𝐄𝐒𝐓𝐈𝐂𝐊 𝐂𝐇𝐄𝐀𝐓𝐒𝐇𝐄𝐄𝐓:

Hello, Chartmojo Family!

We are starting out a new Thread series on Technical Analysis Concepts.

✅ Inverse H&S continuation (widely known as H&S Continuation)
✅ Trend Continuation Pattern
✅ Highly Reliable pattern

Do spread the word!

#LearnWithChartmojo

VWAP for intraday Trading Part -1

A small thread PART -2 will be released tomorrow

Traders show your support by like & retweet to benefit all

@Mitesh_Engr @ITRADE191 @ProdigalTrader @nakulvibhor @ArjunB9591 @CAPratik_INDIAN @RajarshitaS @Stockstudy8 @vivbajaj @Prakashplutus

Chart No-1

Chart No -2

Chart No -3

Chart No -4