If you guys followed onething in case of #tv18broadcast #TV18BRDCST which we discussed so many times I guess..
Then you must have saved your money & avoided such setup in advance 😊

** Never expect multiyear breakout when monthly RSI above 70 **

#CNXPHARMA
Date : 27th may

Weekly chart says further consolidation at index level.
Long story short : Index management for next 2-3 weeks

Lets check stock specific action in this thread

#SUNPHARMA Chart says further consolidation . Don't expect any major move in near term

#DRREDDY Can we see 4850 level in near term ?
Reason you guys have to tell me and in what scenario 🧐

#CADILA #Zydus
Typical reversal pattern Price making LL /RSI making HH but one thing is missing
HH/HL pattern 😐

Good to add near 350 for 400

#LUPIN I can see many breakdown in this counter. Sell on rallies (Breakdown retest)

#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

Central Pivot Range (CPR) acts like a magnetic level for any stock/index. Traders use it for intraday but it works on higher time frame as well.
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

What are these three lines now?

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

This indicator is available on Zerodha Kite (web version) and it works well there. It's also available in @tradingview but setup needs to be done based on the time frame.

Images are shared for CPR setup of both the terminals (Zerodha and Tradingview).

4/24

CPR can be used in finding trend.

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

VWAP for intraday Trading Part -1

A small thread PART -2 will be released tomorrow

Traders show your support by like & retweet to benefit all

@Mitesh_Engr @ITRADE191 @ProdigalTrader @nakulvibhor @ArjunB9591 @CAPratik_INDIAN @RajarshitaS @Stockstudy8 @vivbajaj @Prakashplutus

Chart No-1

Chart No -2

Chart No -3

Chart No -4

#DollarIndex played a major role in the fall of crude in last 2 months , as #Dxy retraced a little , #Brent is galloping towards 110 , if Dxy sustains below 105 & move towards 130 , #Brent may retest 120+ levels
#Bidenflation #OOTT