BC SWING TRADING STRATEGY
Saved by @idilipkori

Buying/Selling climax is very common in the #stockmarket and it is completely based on the price.

#Volume #Climax is something that I have observed.

In this thread🧵, I am sharing a #trading strategy that I am using based on this.

Like❤️and Retweet🔄 for wider reach.

 What is this Volume Climax?

You would have seen some kind of spurt in volume in a day after a up/downtrend. Here, we don't consider any day in which there is corporate action or quarterly result.

Let's see some chart:

Below Chart is of #Metropolis when volume spurt occurred.
Now one to observe in Metropolis chart is after that volume spurt candle, the uptrend had paused.
This means at this candle smart money had offloaded the stock and retailers bought it. Hence stock went in the downtrend and Metropolis went down by 20%.
So this volume spurt on non corporate action day can bring pause in the existing trend and it can start the opposite trend.

In the above example, when price was in uptrend, it went in downtrend and vice versa is also applicable.
In below example, #IOLCP was in downtrend when volume got spiked. After that, the price moved up by 20% in a few days.

Seems easy right?

But there are some rules that I have created for my own trading. Let's see that now.
So one will ask how much volume spike should be there?

There is no mathematical definition for this. If you open the chart, just see that the volume is highest in the normal range of candle (can consider last 100 candles).
Now where to look at Volume Spike?

Volume Spike should happen after a downtrend/uptrend to catch the reversal trade opposite direction.

Which Time Frame?

Use Daily/Weekly/Monthly but don't use it in #Intraday.
What's the rule for trading?

⚡️After spotting the candle in which Volume Spike is there, mark high and low of that candle as it is very important.
⚡️As we are discussing strategy for buy, we will wait for the price in the next few days to close above the high of that candle
⚡️Once the price closes above the high, buy that stock and keep stoploss a few points below the low of the candle in which the spike is there.
⚡️Sometimes candle will be big and sometimes it will be small, so better risk 2-3% of the total capital in each trade.
⚡️Keep Risk:Reward of atleast 1:2. So let's say risk in stoploss is 10 points, then reward/target has to be more than 20 points.
⚡️I also use 10-20% target for short term and 40-50% target in positional trade. You can use this rule as well.
⚡️As we are taking reversal trade, hence no need for trailing stoploss. Exit if your target is hit or trail aggressively.
⚡️If you see Volume Climax setup at support/resistance, then it is the best trade to take in swing/positional. Never miss such a trade.
Now let's see an example in which I personally took the trade based on Volume Climax and also it was shared on Twitter.

#DMART Weekly Time Frame formed Volume Climax Pattern and after breakout stock moved up by 100%.

Risk was hardly 20% in this.
Same thing can be used in Daily/Monthly time frame considering your trading style.

Best part of taking reversal trade is the risk on the basis of Stoploss is minimal.

Moreover, I use it only for buying as I don't prefer shortselling any stock.
You can check how this setup works on the stock and also comment about the returns that you would have made based on this.

Just a reminder that it is not a holy grail strategy, so follow the trading plan properly and exit if stoploss gets hit.
Expecting that this strategy will be copied by YouTubers/Trainers after seeing the performance and they will twist it a bit and sell it.
But it doesn't matter. The foundation of the strategy is important it is shared here for free.
That's all about the strategy.

If you find this strategy useful, then do give us a Thumbs Up 👍 by Liking ❤️and Retweeting 🔄the first tweet.

Thanks for Reading.

https://t.co/MgKNnAKEDH

More from Yash Mehta

Yash Mehta
Yash Mehta
@YMehta_
#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
SCREENERS , ALL
Yash Mehta
Yash Mehta
@YMehta_
There are various Options Greeks like: Delta, Gamma, Vega, Rho, Theta.

A complete guide on how these #Option Greeks impact option price.

1/ Delta:

Delta is a measure of the sensitivity of an option’s price changes relative to the changes in the underlying asset’s price. In other words, if the price of the underlying asset increases by 1 points, the price of the option will change by delta amount.

Call option has positive delta, and put option has a negative delta.

As the options become ITM, the value of delta tends towards +1 for call and -1 for put.

Delta is important greeks to determine the hedge ratio for investors who want to hedge their portfolio.


2/ Gamma:

Gamma (Γ) is a measure of the delta’s change relative to the changes in the price of the underlying asset.
If the price of the underlying asset increases by 1 points, the option’s delta will change by the gamma amount.

Long options (call/put) have positive Gamma.


Gamma decreases as options move away from ATM, i.e. as options become OTM/ITM.

Think like this, Delta is basically the velocity and gamma is acceleration as taught in the physics.
CATEGORY TRADING
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Yash Mehta
Yash Mehta
@YMehta_
So many free content available on Option trading, still very few are able to trade in options successfully.

Here is a master thread that will help a beginner to learn about Options Trading.

A complete course worth Rs 50K for free 🧵:

1/ Zerodha Varsity: Options Theory for Professional Trading

This book will give you a basic understanding of options works and what all thing impacts

2/ Zerodha Varsity: Option Strategies

This book has covered basic option strategies that a trader can use.

Still if you can't read this books then in the next part, summary of most of these things is

3/ Options Greeks:

A detailed thread on basics of Option Greeks and how it impacts Options


4/ 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
Yash Mehta
Yash Mehta
@YMehta_
#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
SCREENERS , SCREENER
Yash Mehta
Yash Mehta
@YMehta_
Here is the list of Top 5 Free Advanced Technical Indicators that you can use in @tradingview for your trading 🧵:

Few of these indicators are designed by me.

Also, the last indicator is one of my favourite to pick early momentum stocks.

1/ CPR:

It is a popular indicator of the trading community. One can try it for Nifty and Banknifty futures and options

2/ Relative Strength (RS):

This indicator helps in identifying stocks that are showing strength against benchmark (Nifty or any Index). It can help you to hold and ride the

3/ Ratio Chart:

This plots ratio chart of two stocks or index, e.g. Reliance/Nifty.
It is the same as Relative Strength, and you can use PA on the ratio chart to pick momentum stocks

4/ NIMBLR F2F Momentum & Indecisive Candle Finder:

This is based on F2F interview of @Deishma.
This indicator helps you to identify momentum and indecisive candle as discussed in the F2F.

F2F Link:
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