Summarizing the #Tax you have to pay while #Trading and #Investing in Stock Market.

Sharing it as ITR Filing for last Financial Year has started.

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If you are are not aware of these 4 indicators then YOU are learning TRADING the wrong way !

2nd one is the penultimate of all 🧵

Remember these are reference indicators and should be used as added confirmation only and only with price and volume.

Summary/:
1. RSI
2. 200DMA
3. 21 EMA
4. Pivots
5. AVWAP

Pre summary :
1/What is the indicator
2/Uses of indicator
3/Disadvantages of indicator
4/Optimal use of indicator

The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.

1. Change in price momentum.
RSI is mainly used to gauge momentum of a trend.

Anything above RSI 60 is bullish and below 40 is bearish.

Option trading is tough but here’s what can make it easier for you

8 option strategies that you can use in any market (sold as a ₹ 50,000 course !)

1/ Bullish: Put Spread (Vertical Spread)

This means shorting a near OTM Put Options and buying far OTM Put Options to hedge.

Let's consider, I am bullish on Nifty (Spot: 17900).

So I will short 17800 PE and buy 17600 PE as hedge.

Payoff and other details is attached below.

2/ Bullish: Put Spread (Cross Calendar Spread)

It means shorting a near ATM put of current expiry and buying OTM put option of next expiry to reduce margin.

Let's consider, I am bullish on Nifty (Spot: 17900).

So I will short 17800 PE (22/09) and buy 17600 PE (29/09).

If you are unsure of the view then cross calendar spread can be used as profit is good in between the range.

Decay in the far OTM option for next expiry will be less than current expiry options so that will be again a benefit.

3/ Bearish: Call Spread (Vertical Spread)

This means shorting a near OTM Call Options and buying far OTM Call Options to hedge.

Let's consider, I am Bearish on Nifty (Spot: 17900).

So I will short 18000 CE and buy 18200 CE as hedge.

Payoff and other details is attached below.

Still clueless on how to find perfect breakout/breakdown stocks?

You buy the stock and it falls, you short and it rises. Hold on!

Use these 10 screeners and you’ll Supercharge your Trading:

The last screener is our favorite.

1/ Intraday Breakout Screener:

This screener will help you in finding out breakout in stocks for

2/ Intraday Breakdown Screener:

This screener will help you in finding out breakdown in stocks for

3/ Intraday Volume Buzzer:

This screener filters out stocks that have shown good volumes in 15 mins time frame in

4/ Breakout Soon Screener:

This screener will give out stocks that are approaching 52 week high and can give massive

Brief insight for those who has no patience to watch an hour long video 🤗

Here is the

Pattern & Structure💚💚 Pls try to Retweet♻️♻️ this so that you can see it in your timeline or note this in a notebook📒📓 only few followers have Retweeted every chart Patterns and Candlesticks which I've shared congrats to them they are serious about trading👏👏 @kuttrapali26

In this article, I will walk you through all of the pros and cons of using supply and demand zones. I will teach you how to use them and more importantly, I will show you real trading examples as seen through my eyes.

The best traders take advantage of alternate entries to build positions before a stock becomes obvious to the crowd.

Here are 7 lesser known Chart Patterns that are a MUST in any trader's tool box 🧵👇

#1: Alternate Pivots

Alternate pivots offer earlier entries when compared to regular pivots.

These pivots are important because:

▪️ They offer the same if not better R/R then regular pivots
▪️ Less volatility around these areas
▪️ Allow you to start positions EARLIER

#2: High Volume Close (HVC)

The HVC is created from a big volume gap up.

The close of this day is an important point for institutions to support.

If institutions are in supporting this point, price should be very responsive - making it a great, lower risk entry.

#3: Pivot Retest

The pivot retest setup happens when price retests the prior support/resistance point & then rallies back through.

This can be a powerful setup as it acts as a 'shakeout' and reverses higher with stronger hands holding the name.

#4: In The Wick Setup

We are looking for stocks that open in the wick of the prior session's bar.

The buy trigger is when price moves through the prior day's high.

The stop loss should be the low of the current day.

An educational #Thread on what type of trades 1 can take & what r the rules for it.

Majorly there r 3 types of trades a trader takes :-

* Breakout Trade
* Breakout Retest Trade
* High risk reward contra trades

Disc. - All the #Stocks discussed are for educational purpose!

1/n

#Breakout Trade!

A Breakout trade is usually a trade where the price breaks a strong resistance/supply level after consolidation. These r considered strong stocks.

To add conviction to our trade we check volumes, RSI, RS etc. for confirmation.

Let's understand with e.g :-

2/n

#ADANIPOWER

It has broken strong resistance level of 135 with strong volumes on daily chart with RSI crossing 70, Prev. swing high which adds more conviction in the trade & makes it a high probability trade.

Suggestion - Add 50% qty on breakout & rest 50% wait for retest.

3/n

Breakout Retest #Trade

A Breakout retest trade is usually a trade where the price breaks a strong resistance with volumes, strong RSI & then retest the same price level with low volumes & RSI not breaking 55 on D which signifies a true retest.

Let's understand with e.g:-

4/n

#timken INDIA

It broke the strong resistance level of 2130 with strong volumes, RSI after long consolidation. After breakout it has retested it with low volumes & RSI abv 55.

Suggestion - Good risk reward here but 1 should keep S.L at breakout candle low i.e 2084 on clbs.

5/n