Hence Proved:
Bulls love Valley's (V shaped)
#Bulls hate Mountains.
😉😉😁

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

Fundamentally Good Stocks
High Volume and Delivery
Strong Price action
Either breaking 2 year High or within 2 Year High Range.

Combo created using @mystockedge to print money.

Nifty Weekly RSI is 38 Now .

As per history , it goes up to 30 Levels 13 times in last 22 years.

10 Times Nifty Recovered from there and made new TOP. 👉( Opportunity ) 😍💸💰⛈️

3 Times it dips down below 30 & Nifty corrected more than 15 % from that level. 👉( RISK ) 💔

#STRATEGY
For new traders who r clueless, an intraday strategy.
In @tradingview search supertrend, u find `supertrend strategy'; inbuilt one. Change input parameters to 10/3 for nifty. This is a continuous strategy. Follow entry signals; Exit if signal is intraday or at 3.15pm.

Friends,
in this thread, I shall explain important trading concepts in simple way.

It takes time to create content. I hope you find it worthy of RETWEET.

If response is good, then I shall continue with this series to cover more in depth concepts/ different scenarios.

1. Trending markets

2. Choppy markets

3. Handling losses

4. Handling profits

May 1st week
Vs.
March 1st week

Market breadth speaks louder than SGX nifty.

#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

How to add up your positions

Do u want to study past bear markets?

Use Weekly chart
Plot Bollinger Bands with 50,2 setting
Locate when ever price hit lower band
Locate the highest swing high befoire the fall
The period in between is bear market

Here we have 4 such occations after 2010.

Mr. Rakesh Jhunjhunwala (RJ) is the richest trader & investor in India.

He's earned $6,000M or ₹45,600CRS from his best bets.

THREAD: Jhunjhunwala's 6 best trades.

Collaborated with @AdityaTodmal

1. TATA TEA

In 1986, he bought 5,000 shares at Rs 43, which rose to Rs. 143 in a span of 3 months.

Made a neat Rs. 5lacs.

2. SESA GOA (now VEDANTA)

Initially bought at Rs 28, thereafter pyramiding at Rs 35.

The stock rallied to Rs 65 in a span of 4months.

By now he had made Rs. 25lacs.

3. TATA POWER

Using the Rs. 25lacs,he bought TATA POWER at Rs. 150 and it rallied to Rs. 1000 thereby making a neat Rs. 2.5-3crs.

4. 1989's budget was a game changer for RJ.

Prior to the budget the stocks had been hammered.

RJ's hunch was the upcoming budget wont be a disappointment & hence he staked Rs. 3crs. & made Rs. 20 crs. by the end of the budget.

#Kotakbank - something is cooking - A study from various angles

1) On candlestick charts - closed above 20days high
#20BarHighScanner

#KotakBank - 2) On Heikin-Ashi charts - giving a HA-bullish reversal

#KotakBank - 3) on Renko Charts - 3% brick size signs of breaking out after pullback and also from support/resistance area

#KotakBank - 4) on P&F charts (medium and short term charts)

#KotakBank - on RS charts with Nifty 50. Stock started outperforming in the index

Intraday setup for Index derivatives trading - ORB + Pivot Points

Again not my setup. Read about it in Andrew Aziz's book . Modified it a little to suit intraday option selling. Have been working very well so far especially in BNF.

Use 5 mins chart in Nifty and BNF spot. Add Central pivot range, Pivot Points standard on to the chart (Available in Zerodha)

Basically, we are looking for days when Nifty or BNF trend (either up or down)

2/

Mark previous day high and low on the chart. Wait till 9.30 am.

Case 1: Upside Breakout. If a 5 mins candle closes above Previous day high and pivot point (R1 or R2), go long (Futures, Option buy or sell whatever suits)

Case 2: Downside Breakout. If a 5 mins candle closes below Previous day low and pivot point (S1 or S2), go short (Futures, Option buy or sell whatever suits)

Keep the SL below/above the breakout/breakdown candle and trail the SL for target

You would get these setups 7-8 times on index in a month. Success rate would be 40-50%. But the risk reward is very good ranging from 1:3 to 1:5 as well