#TRADING
#INTRADAY
Free strategy that can be used to trade bnf and nf and make a living.
Divergence at Resistance and Support (DARS)
5 min chart.
PivotShift, Admin, Price + devCPR.
Price makes LL, PSI and / or Admin makes HL, Go long above devCPR n vice versa for shorts.

#FreeTip
#Scalping
To succeed in scalping, it should necessarily be a rule based approach.
A simple scalping strategy in indices:
1) Timeframe - 2 min (STF)
2) RSI 5
3) RSI 5 in 10 min chart (2x of STF)
Strategy:
Long condition:
1) 3 should be above 50
2) Entry when 2 dips ..

...
below 30 and crosses above 30.
3) Keep 0.5% risk
4) Exit at 1: 2 plus RR.
Short condition:
1) 3 should be below 50
2) Entry when 2 moves above 70 and dips below 70.
3) Keep 0.5% risk
4) Exit at 1:2 plus RR.
practice required.
Need to be in front of screen.
Discount broker.

#FreeTip If price falls below 30 week MA but 30 week moving average keeps rising, the first price move above 30 week MA is a high probability entry point for a good upmove; in majority cases it has given exceptional moves. Post your charts based on the above logic.

This is one example.... Save this pattern!!! There are other minor criteria to be followed as well. I have explained the main one....

#FreeTip
#PriceAction
This PA concept is not avlb in any textbooks:
In an uptrending market if the candle size decreases
a) but in an upward trajectory, the chances of price falling is high.
b) but in an horizontal / downward trajectory, the chances of continuing trend high

#FreeTip An intraday pivot trading system rule snapshot for long and short and when not to take the long and short.
Handwritten rule.

#Technicals
Mkt time in a day 375 min .
Hence anything divisible by 375 should be your intraday timeframe for trading or analysis to have a completeness.
1/3/5/15/25/75/125 minutes tf and of course daily tf.
Eg: 5 - 15 -75 combination for day trading / 1-5-15 for scalping.

NR7 candlestick simplified via @chartmojo

✅ Narrow Range Pattern
✅ R:R Favourable Pattern
✅ Market Psychology Driven

(1/3)

I am using only one indicator in the chart.
i.e DC(20) = Donchain Channel
I use 3 min chart and the DC period is 20, so DC high is basically the last 1 hour high & DC low is the last 1 hour low.
The middle line is the median of high and low.

(2/3)

Donchian channels are mainly used to identify the breakout of nifty/BNF.
We can take directional bias based on the indicator.
If nifty is breaking DC high, can take bullish view.
if it is breaking DC down, can take bearish view.
if it is in between, can trade range-bound.

(3/3)

We can monitor nifty/banknifty futures with volume along with DC.
If the volume is 1.5 to 2 times the average volume and if DC high/low is taken out then it can be a strong bullish/bearish signal.

#RSI is a common indicator which most of us use in the stock market.

This learning thread would be on
"𝙐𝙨𝙚𝙨 𝙤𝙛 𝙍𝙎𝙄"

Like👍 & Retweet🔄 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

Setup 1:

RSI- commonly used to show whether price is overbought or oversold.

General rule:
𝐑𝐒𝐈 > 𝟕𝟎 -- 𝐎𝐯𝐞𝐫𝐛𝐨𝐮𝐠𝐡𝐭
𝐑𝐒𝐈 < 𝟑𝟎 -- 𝐎𝐯𝐞𝐫𝐬𝐨𝐥𝐝

One becomes cautious once price becomes overbought and optimistic when price becomes oversold.

2/16

Let's understand this with an example of Laurus Labs:

1. It was in overbought zone and after a few days when a small dip was seen from 693 to 588 (15% downside)

2. It was in oversold zone and after a few days when a small rally was seen from 59 to 107 (82% upside)

3/16

Well, this looks very easy, but it is not.

When a price is in overbought zone and is in momentum, then it can move up without taking a dip and exiting or shorting stock would prove wrong.

When IRCTC was in overbought zone, price went up from 2718 to 6396 (135% rally).

4/16

Similarly, for oversold stock.

When a price is in oversold zone and is crashing, then it can move down without taking an upmove and buying stock would prove wrong.

When DHFL was in oversold zone, price went down from 126 to 11 (91% crash).

5/16

I've used Microsoft Excel for 20 years, and these 20 tips & functions will make you an expert and increase your productivity 100X📊

Don't ever use Excel again without knowing these 20 tips & functions:

Here are 20 MUST KNOW Microsoft Excel tips & functions (with pictures & examples of each below):

(1) Wildcards
(2) Duplicate
(3) Remove Duplicates
(4)Transpose
(5) Filter
(6) Conditional Formatting
(7) Sparklines
(8) Pivot Tables
(9) Auto-fill
(10) TRIM

11-20:

(11) XLOOKUP
(12) IF
(13) SUMIF
(14) SUMIFS
(15) COUNTIF
(16) COUNTIFS
(17) UPPER, LOWER, PROPER
(18) CONVERT
(19) Stock Market data
(20) Geography / Maps

Let's discuss each in detail (with pictures & examples):

(1) Wildcards

A wildcard is a special character that allow you to perform partial matches on text in your Excel formulas.

Excel has three wildcards: an asterisk "*", question mark "?", and "~"

(2) Duplicate

Duplicate the data from the cell above.

Ctrl + D fills and overwrites a cell with the contents of the cell above it

Buying Gold Gets Expensive!

Gold Import Duty Increased by 5%

Gold Import Duty Raised to 12.5%

Also Attracts 3% GST

------------------------------

Total Duty Now at 15.75%
12.5%: Import Duty
2.5%: Agri Cess
0.75%: Social Welfare Surcharge

#gold #goldimport #goldimportduty