#BDL The stock has been holding very well in spite of the crazy sell-off in markets and has been consolidating in a tight range in the last 2 weeks.

- CCI never went into bearish territory
- Relative strength hits new highs

Expecting a strong move next week! https://t.co/rDCnSOFkxs

It took me 10+ years & more than 1000+ hours of practice…

to master these 5 IMPORTANT RULES WHILE DRAWING TRENDLINES 🎯

These simple rules, if mastered, can help one spot HIGH PROBABILITY TRADES!

Ready to learn?🤓

Let’s go🧵…

1⃣ Trendlines are zones and not a single line!

- Due to volatility in price, many times prices tend to spike on both sides
- So, consider trendlines as zones from multiple swing highs(include wicks) to get the best fit trendline
- Your winning probability increases with zones

2⃣ Trendlines with more touchpoints

- Any trendline with 3 or more touchpoints is a very significant one
- The price points around significant trendlines are important & should be watched

Observe the commentary in the Nifty chart below

3⃣Trendlines on higher Time Frame are more significant

- A trendline on the 15 min chart will be easily broken than a trendline on the daily
- A shorter time trendline break might just mean a consolidation phase before the price moves up again resuming the larger trend

4⃣ The steeper the trendline the more likely it will break

- The less steep the trendline angle, the more significant it is & more likely to be respected.
- Any trendline with an angle greater than 30° is steep & likely to be broken before the previous trend continues.

There are 1000s of indicators in Technical Analysis...

But you need to MASTER ONLY ONE🎯to win in markets...

I selected 'Commodity channel index' (CCI) as my PRIMARY INDICATOR & all my scanners are a variation of this...

MULTI TIMEFRAME POSITIONAL STRATEGY using CCI...🧵

1⃣ CCI Basics

• CCI > 100 = Bullish and overbought
• CCI < -100 = Bearish and oversold

2⃣Entry criteria

• CCI(34) on Weekly crossed above 100
• CCI(34) on Daily >100
• Entry: above weekly swing high
• Stoploss: Recent swing low on daily chart

3⃣Exit criteria

• CCI(34) on Daily < -100
• Holding period: Few days to many months

Pyramiding your winners should be considered to make your winners big.

Separate post on this to follow.

4⃣ Why trade on a multi-timeframe?

• This is a top-down approach where we observe the larger trend of the stock before we take entries on the smaller or medium trend of the stock. This concept can be compared to tides in the sea.

Struggling to find a scanner/strategy to trade stocks?🧐

In this thread, I am sharing setups I follow

✅CCI based Breakout & Reversal scanner
✅Breakout and reversal trading strategies
✅Exit strategies

If you are really serious to learn don't miss no.9⃣!

Let’s go! 🧵...

1⃣Breakout scanner

CCI based breakout scanner to identify swing trades/positional trades/investment ideas.

There are a million scanners out there. Don't get lost and start focussing on just one and perfect

2⃣Reversal scanner

CCI based Reversal scanner to spot low-risk opportunities that will help you with great R:R

3⃣ Reversal from confluence of supports trading strategy

If you've been following me for some time, by now you know this is my favourite trading strategy which can be used to catch low-risk setups.

Do watch - probably something you've been searching

4⃣Mult-time frame analysis

Increase your winning probability by doing multi-time frame analysis. You do not want to buy a stock that is in a downtrend on Monthly/Weekly

All 4⃣ simple scanners I use in one place😃

Breakout Scanners:
👉CCI(34) weekly crossing 100
👉CCI(34) Daily crossing 100

Reversal Scanners:
👉CCI(34) weekly crossing above -100
👉CCI(34) daily crossing above -100

Dashboard:
https://t.co/KfKc7V0nGD

Like & Retweet if u use it!

Perfect channel in #GAEL!

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