How to Draw
Support , Resistance and Trendlines ?
A Foundation of Stock Market !

A Thread ๐Ÿงต
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What is Support and Resistance ?

โซSupport is an area for price , where it halts due to demand of the stock at that price .

โฌResistance is an area for price ,where it halts due to Supply of the stock at that price .
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How to Draw S/R ?

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 .

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Types of Support Resistance
1. Horizontal
2. Moving Averages
3. Trendline
4. Psychological Numbers (100 , 200 etc)

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Reversal of Polarity .

Whenever Resistance Breaks , it tends to act as support and Whenever support breaks it tends to act as resistance

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What is Breakout/ Breakdown ?

โœ…Whenever Resistance Breaks , it is know as BREAKOUT.
โœ…Whenever Support Breaks , it is know as BREAKDOWN.

๐Ÿ›‘One should check all other parameters like , Volume , relative Strength etc while trading these.

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BREAKOUT/BREAKDOWN FAILURES:

Sometimes the Support Will also break and , Resistance will not Act support .

These Scenarios cant be avoided by anyone :)
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Trendline :

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
Trendline as Trailing Stop Loss.
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
Trendline as Trendreversal
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
Trendline will act as Support and Resistance
Simple Strategy of Buy Low Sell High works best combined with other buying rules
10/n : End
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13/n

More from JayneshKasliwal

๐—ก๐—ถ๐—ณ๐˜๐˜†-๐—•๐—ฎ๐—ป๐—ธ๐—ป๐—ถ๐—ณ๐˜๐˜† ๐—ข๐—ฝ๐˜๐—ถ๐—ผ๐—ป ๐—•๐˜‚๐˜†๐—ถ๐—ป๐—ด ๐—ฆ๐˜๐—ฟ๐—ฎ๐˜๐—ฒ๐—ด๐˜†

Complete Backtest and Indicator link

๐Ÿงต A Thread ๐Ÿงต

๐—ฆ๐—ฒ๐˜๐˜‚๐—ฝ:
๐Ÿ”ธ Monthly Option Buying
๐Ÿ”ธ 50 ema on 3 min timeframe
๐Ÿ”ธ Supertrend 10 , 3
๐Ÿ”ธ Chart : Banknifty , Nifty Futures as we backtested on futures
๐Ÿ”ธ Entry 9:20 to 3:00
๐Ÿ”ธ Max 3 Entries per day
๐Ÿ”ธ Premium nearest to 200 Rs only

[2/18]

Why Monthly Option buying ?
๐Ÿ”ธ Less theta decay compared to weekly options
๐Ÿ”ธ Less Volatility
๐Ÿ”ธ Supertrend and MA Settings
[3/18]


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๐Ÿ”ธ Click on the below ๐˜ญ๐˜ช๐˜ฏ๐˜ฌ -> ๐˜ˆ๐˜ฅ๐˜ฅ ๐˜ต๐˜ฐ ๐˜๐˜ข๐˜ท๐˜ฐ๐˜ถ๐˜ณ๐˜ช๐˜ต๐˜ฆ๐˜ด -> ๐˜ˆ๐˜ฅ๐˜ฅ ๐˜ฐ๐˜ฏ ๐˜Š๐˜ฉ๐˜ข๐˜ณ๐˜ต from favourites and start using it !

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[4/18]

๐—œ๐—ป๐—ฑ๐—ถ๐—ฐ๐—ฎ๐˜๐—ผ๐—ฟ ๐—ฆ๐—ฒ๐˜๐˜๐—ถ๐—ป๐—ด๐˜€ :
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๐Ÿ”ธ Timings 9:20 am to 3:00 pm
๐Ÿ”ธ Supertrend : 10,3
๐Ÿ”ธ Moving Average 50 ema
[5/18]
๐Ÿฑ ๐—ง๐—ฟ๐—ฎ๐—ฑ๐—ถ๐—ป๐—ด๐˜ƒ๐—ถ๐—ฒ๐˜„ ๐—œ๐—ป๐—ฑ๐—ถ๐—ฐ๐—ฎ๐˜๐—ผ๐—ฟ๐˜€ ๐—ฎ๐—น๐—น ๐—ง๐—ฟ๐—ฎ๐—ฑ๐—ฒ๐—ฟ๐˜€ ๐˜€๐—ต๐—ผ๐˜‚๐—น๐—ฑ ๐—ธ๐—ป๐—ผ๐˜„ ๐—ฎ๐—ฏ๐—ผ๐˜‚๐˜:
๐—ฃ๐—ฎ๐—ฟ๐˜ ๐Ÿฎ

๐Ÿงต Thread ๐Ÿงต
Retweet And I will Link a 36 Page PDF

๐Ÿญ. ๐—”๐—ฑ๐—ฑ ๐—™๐˜‚๐—ป๐—ฑ๐—ฎ๐—บ๐—ฒ๐—ป๐˜๐—ฎ๐—น๐˜€ ๐—ผ๐—ป ๐—ฐ๐—ต๐—ฎ๐—ฟ๐˜
๐Ÿ”ธ Link:
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๐Ÿ”ธ Click on the above link -> Add to Favourites -> Add on Chart from favourites and start using it !
2/20

You can add financials from many fundamental criteria's like
๐Ÿ”ธ Cashflows
๐Ÿ”ธ Income Statements
๐Ÿ”ธ Balance sheets
๐Ÿ”ธ PE,PB ratios
๐Ÿ”ธ Marketcapitlization
๐Ÿ”ธ Statistics
3/20


How to change Settings:
๐Ÿ”ธ There are 8 columns you can basically select any financial you want
๐Ÿ”ธ You can select quarterly or Yearly values and can also write
๐Ÿ”ธ The names of the financiaLS Example : EPS Qtr3
๐Ÿ”ธ You can Change colours , font sizeย 
4/20


๐Ÿฎ. ๐—œ๐—ป๐—ฑ๐—ถ๐—ฐ๐—ฎ๐˜๐—ผ๐—ฟ ๐—ฅ๐—ฎ๐˜๐—ถ๐—ป๐—ด๐˜€
You cannot track each and every indicator like ( ๐— ๐—ผ๐˜ƒ๐—ถ๐—ป๐—ด ๐—”๐˜ƒ๐—ด๐˜€ , ๐—ฅ๐—ฆ๐—œ , ๐— ๐—”๐—–๐—— ) etc , you can use plot this custom strategy to understand whether the trend is positive or negative of those indicators
5/20

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MEGA LEARNING THREAD

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7 Screener Ideas for Intraday Buying

A Thread ๐Ÿงต๐Ÿงต

Tested - Executed in Real - Works

Kindly Re-Tweet for Max Reach ๐Ÿ™๐Ÿ™

1) Buy a Gainer when bounce from VWAP

Condition apply to chart ink -

- Stock days' gain > 1%
- Candle Low < VWAP and Close > VWAP
- Now check chart manually

You will get list of stocks that are gainers and consolidated to bounce from VWAP

https://t.co/W7HVmFvYpy


2) Near Day High

- Top gainers make 3-4 times new High in a day
- Best to enter when it break High of one wave
- Check charts manually after you get list

This screener gives you stocks that are near day High

Apply this with Time frame 3 or 15 min -

https://t.co/ocM7Whvtdi


3) Stocks at Resistance -

Conditions to apply -

- Stock day's gain > 1%
- High of Last 3-4 candles is equal

Apply like this -


4) Bullish Engulfing -

Very Good Signal for Intraday buying any time frame

Here is the screener -

Change Time frame according to

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