BC ALL
Saved by @rishabhjain06

1000 days ago, I started learning about Support & Resistance.

Here are 10 pointers from Support and Resistance that'll get you started in the next 3 mins: 🧵

Collaborated with @AdityaTodmal

 1/ Understanding Support and Resistance:

• Support levels indicate where there will be a surplus of buyers.

• Resistance levels indicate where there will be a surplus of sellers.
• When the price moves up and then pulls back, the highest point reached before it pulled back is now resistance.

• When the price continues up again, the lowest point reached before it started back is now support.
2/ What is a Support:

• Support is the level at which demand is strong enough to absorb the supply.

• The price is likely to bounce back and moves up in the opposite direction.

• Support is a level where the demand from buyers is expected to be much higher than sellers.
3/ What is a Resistance:

• It is the opposite of a support level.

• It is a price point (ceiling) at which the stock price is not expected to rise any higher.

• Resistance is a price point at which there are more sellers than buyers in the market for a particular stock.
4/ Can support become a resitance and vice-versa:

• When the price passes through resistance, thereafter erstwhile resistance could potentially become support.

• Similarly, when prices pass through the support, thereafter erstwhile support could become a resistance.
5/ What happens when a Support or Resistance is tested multiple times:

• The more times S/R is tested, the weaker it becomes.

• When a support or resistance level breaks, the strength of the follow-through move depends on how strongly the broken S/R had been holding.
6/ How to trade using support-resistance logics:

• S/R logics can be used by bot breakout traders as well reversal traders.
7/ How to trade breakouts using S/R logics:

• Buy when the price breaks up through resistance with recent swing low as the SL.

• Sell when the price breaks down through support with recent swing high as the SL.
8/ How to trade reversals using S/R logics:

• Buy when the price falls towards support.

• Sell when the price rises toward resistance.
9/ Not exact numbers but always a zone:

• One thing to remember is that support and resistance levels are not exact numbers, they are always a zone.
10/ Practice is the key:

• You won't be able to define S/R in the live market unless you practice in the past charts.

• To train your eyes, you need to practice this across different time frames, and then you bare eyes could finally spot them.
If you enjoyed this thread here's another one:
https://t.co/PLr9MgRxfA
That's a wrap!

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• Moneyness of Option contract:
• ITM option
• ATM option
• OTM option


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• Positive payoff for the buyer


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(System already shared, today just share few examples)
(1/n)

-Trade timing after 9:45

-Check Banknifty change in OI data at 9:45, and identify the highest OI built up in call side and put side

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At 9:45 trading at 35112

Highest OI in call side at 35300 CE and 35000 at put side

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At 9:45 trading at 35002

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OPTIONSLEARNINGS , OPTION SELLING , ALL
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12 Most Powerful Hanuman Mantras

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God Hanuman played a prominent part in rescuing Mata Sitafrom the bondage of demon King of Lanka, Ravana.


One can worship Hanuman ji by chanting Hanuman Mantras. There are many different types of Hanuman Mantras, each fulfilling a specific purpose. Hanuman Mantras help to beget the blessings of Mahabali Hanuman for success. 3/n


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1. Hanuman Moola Mantra
!! Om Hanumate Namah !!
ऊँ हनुमते नम:

You can chant the “Hanuman Moola Mantra if you usually face problems and obstacles in your life.4/n
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This is my son, Sam. He’s 5. And today he learned how shitty and harmful #ToxicMasculinity is. My rage meter is spiking right now so excuse me if this is a little raw but there are some things I want to say about BS #gender norms (a thread)


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Read this. U may get it for free.
Short straddle :
What is ?? Sell an atm call and put.
Instrument: mostly bnf and nf.
Now there are versions of it.
1. Best version :
Enter around 9.15-20 and exit around 3.20. No adjustment nothing.
1/n.


If u r doing it on zero leverage(meaning u have full capital of around bnf's notional contract,i.e. 40000*25 = 10lacs), then u r most likely going to make better than fd or anything like that.
Simple rules : friday,monday, tuesday do for weekly. Wednesday and thrusday next week

So, gamma moves can't impact much.
Another better version of mahesh chander kaushik is to do it for monthly expiry.
Bigger premiums and never hav to worry about 200-300 points sudden moves.
2. 2nd version : have combined stoploss of premiums and re-entry criteria. Example :

Let say 40000 straddle is at 600. Sell at 600 and hav combined sl at 650. Many algos are providing this. U can even place stoploss in % terms. Like, if sold straddle at 400 and placed 10% sl, means if 440 combined premium touch, it will be stoploss.
Let say, in morning,

U sold straddle at 600 and it sl hit at 650. Now, u placed reentry at 600 with same sl. This time may be linear decay happens and u may cover morning's loss and make some profit.
3rd version : stoplosses at each leg and trail sl to cost type.
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Pattern no. 1
Articles posted to Russian websites pick up false accusations against the Poles. These include bogus claims that Poland sabotaged the construction site of the Russia-to-Germany gas link and carried out a direct attack on the pipeline. 2/6


Pattern no. 2
Some of the articles warn that the Kremlin may take retaliatory actions against Poland. Based on false accusations thrown by Russia, the Kremlin’s propaganda amplifies the calls by some journalists and contributors to embark on aggressive activities against PL. 3/6


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The Russian media outlets publish a lot of materials that mock the Polish Navy. The narratives that denigrate this component of the Polish Armed Forces are based on opinions and quotes by single Polish Internet users. 4/6


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No Poverty, No Hunger, No Debt, Only Global Prosperity and Peace for ALL

NESARA will merge with GESARA

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My System for momentum trading🧵:

1. Stock Identification:

Daily and Weekly Delivery Analysis using @mystockedge
Theme Confirmation using Internet and Network

2. Stock Confirmation:

Relative Strength of a stock visavis market using RS55 model listed in @mystockedge

1/n

3. Stock Participation:

Only when chart showing short term breakout along with RS55>0 and RSI>50. I am ready to leave some initial movements.

4. Position buildup:

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(System trading on Expiry)

Triple straddle is one of the best and accurate methods for expiry day

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Ex.
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Trading timing at 9:20 the Morning
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