A simple #swingtrading strategy
1. Whenever you see a stock in strong uptrend it will tend to take support on its 21 ema.
2. Always look whether the stock has taken support previously.
@kuttrapali @rohanshah619 @chartmojo @chartworldat
#adaniports #balajiamine #jswsteel

What is HEIKIN ASHI i and How You
Use it ?

A Small Thread
Understand New type of Price Representation on charts.
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@kuttrapali26 @rohanshah619

What is Heikin Ashi?
1. Heikin-Ashi, also called Heiken-Ashi, is translated as an "average bar" in Japanese.
2. The Heikin Ashi strategy is a useful tool used in identifying market trends and
predicting the future prices of assets.
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3. The Heikin Ashi can be used alone or in conjunction with candlestick charts.
4. These charts can be very useful as they make it easier to read candlestick charts
and analyze market trends , without noise
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Heikin Ashi vs Candlestick
1. The Heikin Ashi has a few differences with the traditional candlestick chart.
The candles on traditional candlesticks usually change from green to red (up or
down), making it difficult for some traders to interpret.

Candlestick vs Heikin Ashi chart

2.However, the candles on a Heikin Ashi chart display more consecutive colored
candles, making it easy for traders to identify past price movements and current
trends.
3. With Heikin Ashi, charts usually stay green in an uptrend and red in a downtrend.

Calcluation Shared
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In this session we talked about
1. Basics of Option Selling
2. Directional Vs Non Directional
3. Straddle and Strangle Backtest
4. Benefits of Automated

#AlkylAmine - the stock above 5990 could be a break out for levels of 9000 from here.

Outside followed by inside bar is one of the best pattern to trade.

What does outside bar means?
- Outside bar is when current candle high > previous candle high & current candle low < previous candle high

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What does inside bar means?

- Inside bar is when current candle high < previous candle high & current candle low > previous candle low.

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What to interpret from outside bar?

- When we get outside bar which means neither buyer nor seller are in control.
- When we get outside bar, we should wait for the follow through/confirmation in next candle.

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What to interpret from inside bar?
- volatility is getting compressed.
- both buyers and sellers are waiting for next trigger to create fresh position/ close their existing positions.

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What to interpret from OB+IB pattern?

- this is one of the best formation we can get to take a trade.
- Outside bar + Inside bar = Rejection on both side + compression of volatility.

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Importance of Previous Week High/Low?

When Market is Bullish it will take support from PWL,Can see bounce

When Market is Bearish it will face resistance on PWH,Can see reverse

Example:So far Nifty is Bullish till PWL respecting,trend will change when PWL Breaks with Volume