⏫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
𝟱 𝗧𝗿𝗮𝗱𝗶𝗻𝗴𝘃𝗶𝗲𝘄 𝗜𝗻𝗱𝗶𝗰𝗮𝘁𝗼𝗿𝘀 𝗮𝗹𝗹 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝘀𝗵𝗼𝘂𝗹𝗱 𝗸𝗻𝗼𝘄 𝗮𝗯𝗼𝘂𝘁:
𝗣𝗮𝗿𝘁 𝟮
🧵 Thread 🧵
Retweet And I will Link a 36 Page PDF
𝟭. 𝗔𝗱𝗱 𝗙𝘂𝗻𝗱𝗮𝗺𝗲𝗻𝘁𝗮𝗹𝘀 𝗼𝗻 𝗰𝗵𝗮𝗿𝘁
🔸 Link:
https://t.co/HcIXT7V002
🔸 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
🔸 Cashflows
🔸 Income Statements
🔸 Balance sheets
🔸 PE,PB ratios
🔸 Marketcapitlization
🔸 Statistics
3/20
How to change Settings:
🔸 There are 8 columns you can basically select any financial you want
🔸 You can select quarterly or Yearly values and can also write
🔸 The names of the financiaLS Example : EPS Qtr3
🔸 You can Change colours , font size
4/20
𝟮. 𝗜𝗻𝗱𝗶𝗰𝗮𝘁𝗼𝗿 𝗥𝗮𝘁𝗶𝗻𝗴𝘀
You cannot track each and every indicator like ( 𝗠𝗼𝘃𝗶𝗻𝗴 𝗔𝘃𝗴𝘀 , 𝗥𝗦𝗜 , 𝗠𝗔𝗖𝗗 ) etc , you can use plot this custom strategy to understand whether the trend is positive or negative of those indicators
5/20
𝗣𝗮𝗿𝘁 𝟮
🧵 Thread 🧵
Retweet And I will Link a 36 Page PDF
𝟭. 𝗔𝗱𝗱 𝗙𝘂𝗻𝗱𝗮𝗺𝗲𝗻𝘁𝗮𝗹𝘀 𝗼𝗻 𝗰𝗵𝗮𝗿𝘁
🔸 Link:
https://t.co/HcIXT7V002
🔸 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
🔸 Cashflows
🔸 Income Statements
🔸 Balance sheets
🔸 PE,PB ratios
🔸 Marketcapitlization
🔸 Statistics
3/20
How to change Settings:
🔸 There are 8 columns you can basically select any financial you want
🔸 You can select quarterly or Yearly values and can also write
🔸 The names of the financiaLS Example : EPS Qtr3
🔸 You can Change colours , font size
4/20
𝟮. 𝗜𝗻𝗱𝗶𝗰𝗮𝘁𝗼𝗿 𝗥𝗮𝘁𝗶𝗻𝗴𝘀
You cannot track each and every indicator like ( 𝗠𝗼𝘃𝗶𝗻𝗴 𝗔𝘃𝗴𝘀 , 𝗥𝗦𝗜 , 𝗠𝗔𝗖𝗗 ) etc , you can use plot this custom strategy to understand whether the trend is positive or negative of those indicators
5/20
More from Catagory trading
Option Buying Simplified (PART -2)
Very important thread for all option buyers 🧵
Just 5 to 10 minutes to read but it can change your trading a lot.
Support us by RETWEET this tweet to help more option buyers to gain knowledge & to avoid getting trapped from big players https://t.co/yBZ6Y7BaGx
I do Intraday Live Market session via Youtube Live on all trading days - Follow us on twitter @learntotrade365
Join the Telegram channel for Live Market updates and more free content.
Scroll down
Main problem which most option buyers face is Option Premium erosion ( Theta Decay ). So I have shared a simple & effective process to understand the option decay during Live Market before entering option buying trades
Scroll down 👇
Follow up example from the above chart about Option premium decay during sideways market. In general most option premium erosion (theta decay) happens during sideways market.
Theta is option buyers ENEMY
Scroll down 👇
Option Buyers high probability zones while trading ATM & ITM strike prices.
VWAP helps a lot in providing data during Live Market
Scroll down 👇
Very important thread for all option buyers 🧵
Just 5 to 10 minutes to read but it can change your trading a lot.
Support us by RETWEET this tweet to help more option buyers to gain knowledge & to avoid getting trapped from big players https://t.co/yBZ6Y7BaGx
Option Buying Simplified
— Learn to Trade (@learntotrade365) August 31, 2022
Very important thread for all option buyers \U0001f9f5
Just 5 minutes to read but it can change your trading a lot.
Support us by RETWEET this tweet to help most option buyers to gain knowledge & to avoid getting trapped from big players pic.twitter.com/BaaTjJix7F
I do Intraday Live Market session via Youtube Live on all trading days - Follow us on twitter @learntotrade365
Join the Telegram channel for Live Market updates and more free content.
Scroll down
Main problem which most option buyers face is Option Premium erosion ( Theta Decay ). So I have shared a simple & effective process to understand the option decay during Live Market before entering option buying trades
Scroll down 👇
Follow up example from the above chart about Option premium decay during sideways market. In general most option premium erosion (theta decay) happens during sideways market.
Theta is option buyers ENEMY
Scroll down 👇
Option Buyers high probability zones while trading ATM & ITM strike prices.
VWAP helps a lot in providing data during Live Market
Scroll down 👇
