⏫Support is an area for price , where it halts due to demand of the stock at that price .
⏬Resistance is an area for price ,where it halts due to Supply of the stock at that price .
1/n
How to Draw
Support , Resistance and Trendlines ?
A Foundation of Stock Market !
A Thread 🧵
Retweet and Share :)
⏫Support is an area for price , where it halts due to demand of the stock at that price .
⏬Resistance is an area for price ,where it halts due to Supply of the stock at that price .
1/n
You can use Any time frame for Drawing S/R and it works on all time frames .
Whenever the Price Reverses from an area for more than 2 times that area can be called as S/R .
You can use Line Tool Or Rectangle tool to plot this on charts .
2/n
1. Horizontal
2. Moving Averages
3. Trendline
4. Psychological Numbers (100 , 200 etc)
3/n
Whenever Resistance Breaks , it tends to act as support and Whenever support breaks it tends to act as resistance
4/n
✅Whenever Resistance Breaks , it is know as BREAKOUT.
✅Whenever Support Breaks , it is know as BREAKDOWN.
🛑One should check all other parameters like , Volume , relative Strength etc while trading these.
5/n
Sometimes the Support Will also break and , Resistance will not Act support .
These Scenarios cant be avoided by anyone :)
6/n
Confused between connecting wicks or bodies while drawing a trendline ?
Our main aim to draw trendline is to get maximum points of price on a line .
It can be through wicks tails or body and there is no fixed rule !
7/n
1. Trending stock Tends to pullback near Moving averages and trendlines .
2. This could be areas of fresh buying or you can shift your Stop loss to upside
3. As soon as trendline is broken then you can sell a stock and take reverse position
8/n
1. You can Buy breakouts of trendline in a downtrend
once the trend is changed with emergence of HH HL structure
2. You can initiate long postion with Stop at previous swing low
3. Sometimes you may find retest on trendline also
9/n
Simple Strategy of Buy Low Sell High works best combined with other buying rules
10/n : End
https://t.co/eK0TZF4khM
11/n
I have designed many beginner to advanced
— JayneshKasliwal (@JayneshKasliwal) September 24, 2022
Option Strategies free of cost
Here is a thread of all \U0001f9f5
A Retweet would help :)
https://t.co/iFddJnbfus
12/n
There are many Trading Strategies but it takes only few to make money .
— JayneshKasliwal (@JayneshKasliwal) August 20, 2022
Here is a thread of all my Strategies \U0001f9f5
More from JayneshKasliwal
Chartink Screeners Complete Compilation
Sharing 9 Screeners🧵
1. Swing Trading Techno Funda https://t.co/sV6e8XSFRK
2.Range Breakout
https://t.co/SNKEpGHNtv
3. Stocks in Tight Range :
https://t.co/MqDFMEfj82
Telegram Link : https://t.co/b4N4oPjqm9
Retweet and Share !
4.Stock Closing up 3% Since 3 days
https://t.co/vLGG9k3YKz
5. Close above 21 ema
https://t.co/fMZkgLczxR
6. Days Fall and Reversal
7. 52 WEEK high Stocks.
https://t.co/H6Z6IGMRwS
8. Intraday Stocks :https://t.co/JoXYRcogj7
9. Darvas Box
Sharing 9 Screeners🧵
1. Swing Trading Techno Funda https://t.co/sV6e8XSFRK
2.Range Breakout
https://t.co/SNKEpGHNtv
3. Stocks in Tight Range :
https://t.co/MqDFMEfj82
Telegram Link : https://t.co/b4N4oPjqm9
Retweet and Share !
4.Stock Closing up 3% Since 3 days
https://t.co/vLGG9k3YKz
5. Close above 21 ema
https://t.co/fMZkgLczxR
6. Days Fall and Reversal
7. 52 WEEK high Stocks.
https://t.co/H6Z6IGMRwS
8. Intraday Stocks :https://t.co/JoXYRcogj7
9. Darvas Box
More from Catagory trading
Twitter has more than 89,000,000 threads on trading strategies.
Here are top 10 threads that will teach you about Stock Market:
1⃣How To Read a Stock Chart For Beginners by @RichardMoglen
👇
2⃣The simple 8-step process to make a trading plan by @AdityaTodmal
3⃣Thread on Darvas Box Theory
2⃣How to find out high and lows of stock market by
Here are top 10 threads that will teach you about Stock Market:
1⃣How To Read a Stock Chart For Beginners by @RichardMoglen
👇
As Traders, Technical Analysis allows us to Judge Potential, Identify Accumulation, and Manage Risk.
— Richard Moglen \U0001f981 (@RichardMoglen) April 2, 2022
It allows us to see through the noise and interpret price action.
Here is How To Read a Stock Chart For Beginners (Thread)
2⃣The simple 8-step process to make a trading plan by @AdityaTodmal
The best traders have a trading plan.
— Aditya Todmal (@AdityaTodmal) February 13, 2022
But 98.8% of the new traders, don't know how to make one.
I analyzed @niki_poojary's account, to learn how we can create a plan on our own.
Here's the simple 8-step process:\U0001f9f5
3⃣Thread on Darvas Box Theory
Strategy to make higher returns in Short duration :-
— Flamingo Trader |Ankit Saraswat (@FlamingoTrader_) February 21, 2022
Thread on Darvas Box Theory:-
\U0001f9f5@FlamingoTrader_
2⃣How to find out high and lows of stock market by
Telling my 8 years of experience in 5 min. A thread on how to find out high and lows of stock market.
— W D Gann Trader (@Bjybnf) August 5, 2022
Mistakes to avoid in Intraday 🧵🧵
8 Years Experience in 8 Tweets
Worth any workshop of 10-15k
Re-Tweet Like to help others 🙏🙏
1) Psychology Mistakes - Don't change your stand after entering a trade
Everyone think against his own trade after entering a trade.
- Don't move SL accept it
- Don't exit before SL hit
You analysis is💩 once you are in a trade and that will improve with time.
2) Position Size Mistakes - Don't enter with big quantity at once
Intraday is a game of small SL and you might hit SL even if your analysis is correct.
Give chart some space to move and let it take your SL of 1000 quantity but if it moves in your fav then increase it to 2-3k
3) Still want to take Big Position size ??
Only when SL is very tight -
1) Naukri - Explained in chart
2) Reversal Big Quantity explained in BNF
4) Time frame mistakes -
Many beginners only trade with 3-5 min TF
Dude you know nothing in 3-5 min TF, its like taking trades from ground floor and pro traders checking daily TF are at 5th floor.
Their sight from 5th floor is better
Explained here
8 Years Experience in 8 Tweets
Worth any workshop of 10-15k
Re-Tweet Like to help others 🙏🙏
1) Psychology Mistakes - Don't change your stand after entering a trade
Everyone think against his own trade after entering a trade.
- Don't move SL accept it
- Don't exit before SL hit
You analysis is💩 once you are in a trade and that will improve with time.
2) Position Size Mistakes - Don't enter with big quantity at once
Intraday is a game of small SL and you might hit SL even if your analysis is correct.
Give chart some space to move and let it take your SL of 1000 quantity but if it moves in your fav then increase it to 2-3k
3) Still want to take Big Position size ??
Only when SL is very tight -
1) Naukri - Explained in chart
2) Reversal Big Quantity explained in BNF
4) Time frame mistakes -
Many beginners only trade with 3-5 min TF
Dude you know nothing in 3-5 min TF, its like taking trades from ground floor and pro traders checking daily TF are at 5th floor.
Their sight from 5th floor is better
Explained here
Time Frame importance -
— My First Stock (@myfirststock99) May 14, 2022
1) 3 min - For Execution
( indicators provide early signals and less reliable)
2) 15 min - to look at trend of week, Support and Resistance of last 4-5 days
3) Daily - to check current trend and Short Term S-R (More reliability)
Charts - pic.twitter.com/SWHcQQ8m0F
