LOG vs LINEAR Charting!

This is the most important thing especially if you are analysing long term charts!🧐

So, let's get this right today!

Let’s go🧵...

1⃣ Wait, What's Log chart?

Before I define Log chart, let's look at the chart you are using daily - 'The Linear Chart'

- Linear chart is used by default in most platforms. This is probably why you never knew log charts

Wait, don't click on 'log' yet before you understand it...

2⃣ ok, so what does Linear chart mean?

Take a look at the image
- The y-axis is separated equally by 1000 points starting from 0 to 11000.
- So, any linear chart would have its y-axis equally separated by 'N' points always

And... that's where the problem lies...

3⃣ But, I don't see any problem?🤔

Ok ok.. let me explain...

- Can you look at this #TATAELXSI chart & tell me the price in '99 when it was listed? No!
- Can you draw a proper trendline in this chart? No!

Reason is because of the price congestion between '07 to '20...

4⃣ What else?🧐

- Whenever there is a price change in an instrument & it's drastic it'd be difficult to analyse on a linear chart

- Look at this example of #BTCUSD. What happened in 2021(refer to the red box)? 🤔

All this is because of the equally spaced Y-axis!

hmmm... ok🙄

I've spent months trying to identify how to find a stock that is about to outperform markets...

And, finally I nailed down on this 👇

Relative strength!

Here is a simple indicator on Trading view for you!

https://t.co/Iwl5cw6Gv6

RT to help people find outperforming stocks!

#CNXSmallcap definitely does NOT look good!

Large base breakdown is never good that too on weekly charts!

I spoke about this support in this weekend #Youtube live video.

Watch here 👇

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All-in-one chart that has everything you need to about trading cash stocks!

- How to enter
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Focus on big base breakouts & if this works even for 30-40% of your trades, you will make decent returns!

Retweet if you❤️it!

@nishkumar1977 @ca_mehtaravi @BlogJulianKomar @rohanshah619 @nid_rockz @vivbajaj @Trendmyfriends @Atulsingh_asan Would love to know how you ride major trends!

#BEML quarterly chart (22 years)

- Stock has formed a massive 16 yr ascending triangle
- FIIs have increased stake from 1.3% to 6% in the last 1 yr
- Excellent relative strength in the last few weeks
- Daily close above 1900 can trigger a good rally
- Stop at 1740

#stockideas

#DJI seems to be taking support today with a similar kind of price action observed around the trendline.

Are we in for a snap-back rally in the coming days?

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My objective with the #LearnwithTrendlineInvestor series on Youtube was to help people learn.

So, I hope it benefits!

Let’s go! 🧵...

1⃣ How to use Trading view - CHARTING TOOL?

In this video I cover all the basics a beginner needs to know as to how to use this simple yet amazing tool which is available for

2⃣ How to read CANDLESTICKS without knowing the names?

Candlesticks are the foundation of charting and I cover how to read candlestick charts without needing to know the names of

3⃣ When to use LOG/LINEAR CHARTS?

Even the biggest handles get this simple concept wrong and I teach how you can have a better perspective on charting by making a simple switch to log

4⃣ The secrets to find a significant and reliable TRENDLINE!

It's easy to get carried away with trendlines as it is totally subjective. But, don't worry in this video I teach rules which you can use to identify valid trendlines and how to draw

Perfect channel in #GAEL!

Another reversal from the lower end of the channel this week.