CPR is just the three lines which is like a magnet and price approaches these levels. CPR acts like a support or resistance.
2/24
#CPR is an indicator which is used for #Intraday in Stock Market.
This learning thread would be on
"𝙐𝙨𝙚𝙨 𝙤𝙛 𝘾𝙋𝙍"
Like❤️& Retweet🔁for wider reach and for more such learning thread in the future.
Also, an investment strategy is shared using CPR in the end.
1/24
CPR is just the three lines which is like a magnet and price approaches these levels. CPR acts like a support or resistance.
2/24
𝗣𝗶𝘃𝗼𝘁 = (High + Low + Close)/3
𝗕𝗖 = (High + Low)/2
𝗧𝗖 = (Pivot – BC) + Pivot
For intraday chart use previous day candle HLC. Similarly, for Daily Chart it would be Monthly HLC. For Weekly/Monthly Chart use Yearly HLC.
3/24
Images are shared for CPR setup of both the terminals (Zerodha and Tradingview).
4/24
If CPR is moving up for the next day, then trend is up. If CPR is moving down for the next day, then trend is down.
Some examples for both:
In the below chart of Nifty (5 mins), CPR is moving down and price is also in downtrend.
5/24
CPR was moving up on subsequent days. Price was also in uptrend during that time.
One can use higher time frame charts as well to find out long term or short-term trend.
6/24
CPR is moving up every year and price is also in an uptrend for last 14 years.
Price moved up from 80 to 3200 (4000% returns).
Similar CPR can be used on any other time frame.
7/24
If CPR is narrow, then it is expected that there would be a good one sided trend. If CPR is broad, then it is expected that there would be a consolidation or sideway move.
8/24
Wide CPR was formed and price was in consolidation for intraday. This was a good day to eat premium in options because of theta decay.
When narrow CPR was formed then one sided move was seen.
9/24
10/24
1. Use 5 mins time frame.
2. Add CPR indicator.
3. If price is above CPR then wait for the retest. If price retest CPR and forms bullish candle (hammer, engulfing) then go long.
4. Stoploss will be candle's low or just below the lowest CPR.
11/24
6. Try to target atleast 1:2 Risk Reward or even more than that.
12/24
Nifty [5mins].
Price retest CPR region and gave confirmation with a bullish candle.
Then price moved up from 17740 to 17950. Almost 200 points move.
Price had retested CPR multiple times. Just keep stoploss below the lowest CPR.
13/24
1. Use 5 mins time frame.
2. Add CPR indicator.
3. If price is below CPR then wait for the retest. If price retest CPR and forms bearish candle (shooting star, engulfing) then go short.
4. SL will be candle high or just above the highest CPR.
14/24
6. Try to target atleast 1:2 Risk Reward or even more than that.
15/24
Nifty [5mins].
Price retest CPR region and gave confirmation with a bearish candle.
Then price moved up from 18112 to 17960. Almost 150 points down move.
Price had retested CPR. Just keep stoploss below the lowest CPR.
16/24
I personally use CPR only on #Nifty and #BankNifty for intraday.
17/24
Rules will remain same as that of intraday that we have discussed.
Time frame would be Daily or Weekly. So use Monthly CPR in case of Daily chart and Yearly CPR for Weekly chart.
18/24
Let's see an example for Swing Buy Setup.
Reliance Daily Chart.
When price retested CPR after that it rallied by 10%.
19/24
Rules will remain same here and no change.
Best part of CPR is one can use any time frame and appropriate CPR calculation time frame to find out decent trades from intraday to investment.
20/24
1. Use Weekly/Monthly time frame chart.
2. Use CPR based on last Year HLC value.
3. Other all rules will remain same as discussed in intraday setup.
4. Stoploss rule and Risk: Reward rule also remain same.
21/24
JK Cement (monthly chart).
Price retested CPR and then gave confirmation with hammer candle.
Price moved from 146 to 360. Profit of 146%.
Check all the chart of stocks during Covid Crash for an interesting observation.
22/24
More from Yash Mehta
In the early stage, most of the traders & investors use indicators in their analysis.
Here is a master thread of how most of the indicators can be used in trading/investing to increase accuracy for free🧵:
Also, the last indicator and strategy is my favourite of all in trading.
1/ Moving Average is a very common indicator.
This thread is on what are the different ways of using the moving average
2/ RSI is one of the momentum indicator for traders.
In this thread, I have shared different ways of using RSI. Also, an investing strategy is shared, which can help you to pick stocks that can give you good
3/ CCI is another amazing indicator that is used by momentum traders.
Shared few strategies with CCI which a trader and investor both can
4/ CPR is one of the most popular indicator in the trading community.
This thread covers everything about the CPR indicator and how to use this indicator in
Here is a master thread of how most of the indicators can be used in trading/investing to increase accuracy for free🧵:
Also, the last indicator and strategy is my favourite of all in trading.
1/ Moving Average is a very common indicator.
This thread is on what are the different ways of using the moving average
Moving Averages is a common indicator which most of us (novice/professional) use in the stock market for trading and investment.
— Yash Mehta (@YMehta_) October 11, 2021
This learning thread would be on
"\U0001d650\U0001d668\U0001d65a\U0001d668 \U0001d664\U0001d65b \U0001d648\U0001d664\U0001d66b\U0001d65e\U0001d663\U0001d65c \U0001d63c\U0001d66b\U0001d65a\U0001d667\U0001d656\U0001d65c\U0001d65a"
Like\U0001f44d & Retweet\U0001f504 for wider reach and more such learning thread.
1/10
2/ RSI is one of the momentum indicator for traders.
In this thread, I have shared different ways of using RSI. Also, an investing strategy is shared, which can help you to pick stocks that can give you good
#RSI is a common indicator which most of us use in the stock market.
— Yash Mehta (@YMehta_) October 22, 2021
This learning thread would be on
"\U0001d650\U0001d668\U0001d65a\U0001d668 \U0001d664\U0001d65b \U0001d64d\U0001d64e\U0001d644"
Like\U0001f44d & Retweet\U0001f504 for wider reach and for more such learning thread in the future.
Also, an investment strategy is shared using RSI in the end.
1/16
3/ CCI is another amazing indicator that is used by momentum traders.
Shared few strategies with CCI which a trader and investor both can
#CCI is an indicator which is used in the #stockmarket
— Yash Mehta (@YMehta_) February 26, 2022
This learning thread would be on
"\U0001d650\U0001d668\U0001d65a\U0001d668 \U0001d664\U0001d65b \U0001d63e\U0001d63e\U0001d644"
Also, an investment strategy and trading strategy is shared
If you appreciate this, a Like & Retweet will go a long way in maximizing the reach of this tweet\u2665\ufe0f
1/19
4/ CPR is one of the most popular indicator in the trading community.
This thread covers everything about the CPR indicator and how to use this indicator in
#CPR is an indicator which is used for #Intraday in Stock Market.
— Yash Mehta (@YMehta_) November 19, 2021
This learning thread would be on
"\U0001d650\U0001d668\U0001d65a\U0001d668 \U0001d664\U0001d65b \U0001d63e\U0001d64b\U0001d64d"
Like\u2764\ufe0f& Retweet\U0001f501for wider reach and for more such learning thread in the future.
Also, an investment strategy is shared using CPR in the end.
1/24
Over 99% of the option traders lose money in option trading because of not following proper Risk Management and Position Sizing.
In this thread 🧵, shared three steps that can help you in Option Trading even with small capital.
A complete course worth ₹ 50K for free.
1/ Creating a view based on some analysis:
It can be Technical/Chart, Option Chain or some Data analysis.
We have written a thread last week on what all the basic strategies you can use based on your view.
Checkout the thread
Now, after forming a view on a stock or index, don't directly jump to take the position.
Analyze the position first.
Some free tools that you can use are:
- Opstra
- @BeSensibull : Integrated with your Broker
We will talk on how to analyze Nifty Option trades from option selling perspective and what all things to look at.
Same thing you can replicate for Stock or Banknifty Options as well.
2/ Analyzing the position:
Let's say I am having bullish view on Nifty, then I can simply short Put Options and Hedge it as well so that margin requirement will reduce.
Let's assume Nifty is at 17000.
So I am looking to short 17000 PE and Buying 17800 PE.
In this thread 🧵, shared three steps that can help you in Option Trading even with small capital.
A complete course worth ₹ 50K for free.
1/ Creating a view based on some analysis:
It can be Technical/Chart, Option Chain or some Data analysis.
We have written a thread last week on what all the basic strategies you can use based on your view.
Checkout the thread
Option trading is tough as there are many strategies based on different market view.
— Yash Mehta (@YMehta_) September 30, 2022
Sharing 6 basic Option Strategies for free that you can use based on different market view (sold as a \u20b9 25,000 course!).
A thread \U0001f9f5:
Now, after forming a view on a stock or index, don't directly jump to take the position.
Analyze the position first.
Some free tools that you can use are:
- Opstra
- @BeSensibull : Integrated with your Broker
We will talk on how to analyze Nifty Option trades from option selling perspective and what all things to look at.
Same thing you can replicate for Stock or Banknifty Options as well.
2/ Analyzing the position:
Let's say I am having bullish view on Nifty, then I can simply short Put Options and Hedge it as well so that margin requirement will reduce.
Let's assume Nifty is at 17000.
So I am looking to short 17000 PE and Buying 17800 PE.
Option Trading is very difficult to master as there are so many things to understand.
Here is a master thread related that will help a beginner to understand about Options Trading.
A complete course worth Rs 50K for free.
1/ A detailed thread on basics of Option Greeks and how it impacts Options
2/ Basic Option Trading Strategies:
There are many option strategies to trade. But keeping your strategy simple is the key.
In this thread, all the basic option trading strategies are being
3/ What are the things that you should look at before taking any Option
4/ Is Option Selling Possible with Rs 1 Lakh Capital?
Even a beginner can start trading in option selling with capital as low as Rs 1 Lakh.
What are the techniques one can use and how to mitigate the infinite loss risk is shared in this
Here is a master thread related that will help a beginner to understand about Options Trading.
A complete course worth Rs 50K for free.
1/ A detailed thread on basics of Option Greeks and how it impacts Options
There are various Options Greeks like: Delta, Gamma, Vega, Rho, Theta.
— Yash Mehta (@YMehta_) September 4, 2022
A complete guide on how these #Option Greeks impact option price.
2/ Basic Option Trading Strategies:
There are many option strategies to trade. But keeping your strategy simple is the key.
In this thread, all the basic option trading strategies are being
Option trading is tough but here\u2019s what can make it easier for you
— The Chartians (@chartians) September 17, 2022
8 option strategies that you can use in any market (sold as a \u20b9 50,000 course !)
3/ What are the things that you should look at before taking any Option
They say options trading can make YOU BANKRUPT - is it true ?
— The Chartians (@chartians) September 23, 2022
If yes then why ?
A thread on Risk management and Position sizing in options trading (worth 50k\u20b9 course)\U0001f9f5
4/ Is Option Selling Possible with Rs 1 Lakh Capital?
Even a beginner can start trading in option selling with capital as low as Rs 1 Lakh.
What are the techniques one can use and how to mitigate the infinite loss risk is shared in this
101 guide on how you can start option selling to generate active returns with less capital (Rs 1 Lakh) \U0001f9f5:
— Yash Mehta (@YMehta_) August 19, 2022
A course on option selling available for free.
#RS is an indicator which helps in finding strong stock or index in the market.
This learning thread would be on
"𝙐𝙨𝙚𝙨 𝙤𝙛 𝙍𝙚𝙡𝙖𝙩𝙞𝙫𝙚 𝙎𝙩𝙧𝙚𝙣𝙜𝙩𝙝"
Shared some strategy.
Like👍 & Retweet🔄for wider reach and for more such learning thread in the future.
1/22
Most of us would confuse it with Relative Strength Index (RSI) but Relative Strength is a different indicator.
We have already covered about "Uses of RSI" in below thread👇
https://t.co/oTOrW7joNI
One can go through this if you haven't.
2/22
Now coming to Relative Strength (RS).
It is basically a strategy used in momentum investing which shows strength or weakness between two asset classes (two stocks, index, commodity).
One can read about this in below
As of now, I am using this indicator on .@tradingview platform.
It's free and one can add it in their Tradingview account as well, using this link👇
https://t.co/FxCjJFsNOG
There are multiple variants in this as well. Some traders use multiple time frame RS.
4/22
RS basically compares returns of one stock/index with the returns of benchmark stock/index at a particular time horizon.
Let's say, I want to analyze TCS and Benchmark Index is Nifty.
5/22
This learning thread would be on
"𝙐𝙨𝙚𝙨 𝙤𝙛 𝙍𝙚𝙡𝙖𝙩𝙞𝙫𝙚 𝙎𝙩𝙧𝙚𝙣𝙜𝙩𝙝"
Shared some strategy.
Like👍 & Retweet🔄for wider reach and for more such learning thread in the future.
1/22
Most of us would confuse it with Relative Strength Index (RSI) but Relative Strength is a different indicator.
We have already covered about "Uses of RSI" in below thread👇
https://t.co/oTOrW7joNI
One can go through this if you haven't.
2/22
#RSI is a common indicator which most of us use in the stock market.
— Yash Mehta (@YMehta_) October 22, 2021
This learning thread would be on
"\U0001d650\U0001d668\U0001d65a\U0001d668 \U0001d664\U0001d65b \U0001d64d\U0001d64e\U0001d644"
Like\U0001f44d & Retweet\U0001f504 for wider reach and for more such learning thread in the future.
Also, an investment strategy is shared using RSI in the end.
1/16
Now coming to Relative Strength (RS).
It is basically a strategy used in momentum investing which shows strength or weakness between two asset classes (two stocks, index, commodity).
One can read about this in below
As of now, I am using this indicator on .@tradingview platform.
It's free and one can add it in their Tradingview account as well, using this link👇
https://t.co/FxCjJFsNOG
There are multiple variants in this as well. Some traders use multiple time frame RS.
4/22
RS basically compares returns of one stock/index with the returns of benchmark stock/index at a particular time horizon.
Let's say, I want to analyze TCS and Benchmark Index is Nifty.
5/22
We have shared a couple of screeners based on different strategies.
Creating this master thread of all the screeners that are shared on Twitter.
Save this as it can help traders a lot.
1/ Positional Trading Screener:
Shared 8 screeners that are based on different strategies for positional
2/ Price Action Screener:
Shared 9 screeners that a Price Action trader can use in their
3/ Indicator Strategy based Screener:
Shared 7 screeners that is based on Indicator based trading
These few screeners I am personally using to trim down the stock list and it can benefit others as well.
If you found this useful, please RT the first tweet.
For live trading and stock market related updates, you can join our Telegram Channel
Creating this master thread of all the screeners that are shared on Twitter.
Save this as it can help traders a lot.
1/ Positional Trading Screener:
Shared 8 screeners that are based on different strategies for positional
Stock Screeners is an integral part of doing homework post market hours.
— Yash Mehta (@YMehta_) August 5, 2022
Most of us use screeners to filter buzzing stocks out of 1000+ stock and it saves lot of times.
Here is the list of top screeners:
Also, last screener is one of my favourite to pick early momentum stocks.
2/ Price Action Screener:
Shared 9 screeners that a Price Action trader can use in their
Screeners helps trader in saving lot of time in filtering best stocks out of 1000+ stocks listed.
— Yash Mehta (@YMehta_) September 16, 2022
Here is the list of top 9 Free Price Action based screeners that I use:
Also, last screener is my favorite to pick early momentum stocks.
3/ Indicator Strategy based Screener:
Shared 7 screeners that is based on Indicator based trading
Screeners helps trader in saving lot of time in filtering best stocks out of 5000+ listed stocks.
— Yash Mehta (@YMehta_) October 7, 2022
Here is the list of top 7 Free Strategy and its respective screeners that I use:
Also, last screener is my favorite to pick early momentum stocks.
These few screeners I am personally using to trim down the stock list and it can benefit others as well.
If you found this useful, please RT the first tweet.
For live trading and stock market related updates, you can join our Telegram Channel
More from Screeners
If you’ve opened your Zerodha account recently, you may not know about some of the cool features we have across all the Zerodha products and platforms.
A thread on some features that will help you trade and invest better😀👇
With Nudges, our aim is to help users avoid mistakes at the point of decision-making. We’ll nudge you when you’re about to make a mistake like buy dubious stocks, trade illiquid scrips, stocks with corporate actions etc. Here are a few Nudges that have helped users the most👇
With GTT, you can place long-standing orders. You can place a target and a stop loss for the stocks you buy so that you don’t have to track the prices every day. The orders will remain active until triggered*🏖
If you trade large quantities of scrips with freeze quantity, for example, you'll have to open the order window each time. With sticky order window, the order form remains open even after you place an order so that you can quickly place multiple
With the Positions Analysis tool by @BeSensibull, you can see Max loss, Max profit, Breakeven probability of profit, Greeks, IVs and much more right on Kite.
You can also change the price and expiry to see how much you'll gain or lose.
A thread on some features that will help you trade and invest better😀👇
With Nudges, our aim is to help users avoid mistakes at the point of decision-making. We’ll nudge you when you’re about to make a mistake like buy dubious stocks, trade illiquid scrips, stocks with corporate actions etc. Here are a few Nudges that have helped users the most👇
With GTT, you can place long-standing orders. You can place a target and a stop loss for the stocks you buy so that you don’t have to track the prices every day. The orders will remain active until triggered*🏖
If you trade large quantities of scrips with freeze quantity, for example, you'll have to open the order window each time. With sticky order window, the order form remains open even after you place an order so that you can quickly place multiple
Normally after you place an order, the order window closes. With the Sticky order window, the order window remains open, making it easy to place multiple orders with the same input with just one click\u26a1rather than doing it all over again. This helps overcome qty freeze limits. pic.twitter.com/65kXY4h9f0
— Zerodha (@zerodhaonline) November 15, 2021
With the Positions Analysis tool by @BeSensibull, you can see Max loss, Max profit, Breakeven probability of profit, Greeks, IVs and much more right on Kite.
You can also change the price and expiry to see how much you'll gain or lose.
