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.

Like and Retweet for wider reach.

As Promised we will be sharing some Chrome Extensions for #Zerodha users that can help them in their Trading Immensely.

If this list helps. We would highly appreciate a Retweet and Like to further maximise the tweet reach❤️

Let's go!

1. Zerodha Scrip Plus 😎
This extension adds a variety of cool features.
⚡️It stretches the #Zerodha Interface Full-Width.
⚡️It makes the text appear bold in Market Depth.
⚡️It automatically calculates your brokerage & taxes and displays them right above your orders Live.❤️

2. Jarvis 🦾
⚡️This extension makes it easy to calculate the quantity that you guys can take according to the risk mentioned.
⚡️It auto fills the quantity to the #zerodha order window once you have defined your risk.

So the lazy traders out there or newbie traders use this!

3.Zerodha Kite Enhancements 👻
⚡️It auto calculates and auto fills the quantity you can buy just by clicking on the amounts below.
⚡️It adds a hide quickwatch button for real full width access
⚡️It has 4 levels of zoom for watch list. So you can glance at more data.

Try it!

4. Posizer 👏
⚡️A Clean tool again to calculate how much quantity you should take according to your risk appetite.
⚡️Auto calculates brokerage charges according to CASH, FNO etc.

Handy tool for newbie traders! Isn't it?

Strong #Breakout #Stocks!

⚡️Adani Power
⚡️EIH Ltd
⚡️Expleo Solutions
⚡️Tata Elxsi

Keep on Radar.

What is your Breakout stock pick ???

#stocks #trading #watchlist

Are you are tired of scanning 1000+ stocks every day manually?

STOP 🛑

Here is a list of 9 candlestick scanners that are available absolutely for FREE:

A thread 🧵

1/ Bullish Engulfing:

A bullish engulfing pattern is a candlestick pattern that forms when a red candle is followed the next day by a large green candle, the body of which completely overlaps or engulfs the body of the previous day’s

2/ Bearish Engulfing:

A bearish engulfing pattern is a candlestick pattern that forms when a green candle is followed the next day by a large red candle, the body of which completely overlaps or engulfs the body of the previous day’s

3/ Bullish Harami:

Bullish Harami is generally indicated by a small green candle that can be contained within the previous day's red

4/ Bearish Harami:

Bearish Harami is generally indicated by a small red candle that can be contained within the previous day's green

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.

A market wizard named Michael Marcus converted a $30,000 initial stake to $80 Million dollars over a period of 10 years.

Here are 28 lessons he considers very important for anyone venturing into trading, from his experience.

1/ The importance of not giving up:

In Fiddler on the Roof, there is a scene where the lead looks up and talks to God.

I'd look up and say, "Am I really that stupid?"

And I seemed to hear a clear answer saying, "No, you're not stupid. You just have to keep at it."

So I did.

2/ On key price levels:

There are key price levels like

- previous day/week/month highs or lows
- round number levels

where you can have 1:5 or more worth RR of trades if you place yourself right.

The key is to hit the crest of the wave, just at the right moment.

If it doesn't work out, you have to get out.

Doing this, you can make several hundred points, risking 1/3rd to 1/5th of what you make.

3/ The secret to getting efficient at trading:

Cut down the number of trades you make.

The best trades are those in which all 3 things check out:

- Fundamentals
- Technicals
- Market Tone

Complete Guide to Swing Trading
A Mega Thread 🧵
With Live Charts and Examples

Comment " Yes " and Retweet if You want PDF version

Criteria for Swing Trading :

Uptrend HH HL Structure
Stage 2 Uptrend
Volume Expansion during Breakout
Pullbacks with Lower Volume
Base Formation ( Rectangle , Vcp Etc)
Relative Strength > 0
21 ema > 50 ema > 200 ema
Stocks near 52 week High
Stocks near All time High

1/n

What is HH HL Structure ?

1. A stock Maintains Bullish Momentum till it holds the last Swing .
2. Swings is an area from where stock reverses
3. As it is widely known Trend is your Friend A structure of Higher High is good for buying as overall momentum is in buying side

3/n

A structure of Lower Highs is good for selling side , as each bounces will be sold off
Previous Swings will now act as Resistance in Downtrend and Support in Uptrend

4/n

Enter Stage 2 Uptrend
Stage 2: The Ideal Buy Point for Traders Traders should look for bases within an existing Stage 2 uptrend and focus on breakouts on volume. Intermediate term traders can also use investor buy points
5/n

A small thread on momentum investing and how I practice it.

I use the Nifty 500 universe for selecting my momentum stocks. Nifty 500, as the name suggests, has 500 companies in it. WRONG !!!! It actually has 501 companies. Yes, I double-checked 🙂 So, these 501 companies is

my talent pool (if you will) from which I select the 50 best candidates that I want to bet my money on.

Ok. So, exactly, did I go about doing that.

Step 1: Start with Nifty 500 universe (501 companies)

Step 2: Eliminate all those companies which have a listing history of

less than 1 year. This eliminated 25 companies (see table).

Step 3: For the remaining 476 companies, I computed their last 12-month rolling price returns (meaning, comparison of their price as on March 31, 2022 as compared to that as on March 31, 2021, and then computing the %

gain that each of those stocks have earned. I found out the following:

a) Average return of all the 476 companies was 43.27% (meaning if their average price as on March 31, 2021 was 100, then their average price as on March 31, 2022 was 143.27)

b) Out of these 476 companies

140 companies, gave a negative return.

c) Out of the balance 336 companies, 46 companies gave single-digit returns

d) Out of the balance 290 companies, 101 companies gave a return between 10-30%

e) Out of the balance 189 companies, 55 gave returns between 30-50%

https://t.co/csmFeRqiD2

How to Add Unlimted Watchlist in TradingView for FREE !

@tradingview 😁