Darvas Box Theory Simplified📒

🔵Its a trading strategy developed by Nicolas Darvas
🔵It targets the #stocks which are hitting new highs with rising volumes
🔵It works well in bullish markets
🔵Darvas Box covers lows & highs of a stock moving in a range for certain period

1/n

Darvas Box Theory Simplified📒

🔵Search for all the #stocks which are moving in a certain range with excellent fundamentals
🔵Then cover that range bound move with box called DARVAS BOX
🔵Apply Fibbonacci extensions once any stock breaks the upper or lower range of the BOX

2/n
Darvas Box Theory Simplified📒

💡Case Study- #Abbott
🔵Use weekly chart to capture big moves & Daily chart for small moves
🔵We need ultimate PATIENCE in trade if we use this strategy
🔵Abbott broke out the box with volumes & gave 4500 pts move

End of Thread
Thanks 🙏

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🌿𝑻𝒉𝒆 𝒔𝒕𝒐𝒓𝒚 𝒐𝒇 𝒂 𝑺𝒕𝒂𝒓 : 𝑫𝒉𝒓𝒖𝒗𝒂 & 𝑽𝒊𝒔𝒉𝒏𝒖

Once upon a time there was a Raja named Uttānapāda born of Svayambhuva Manu,1st man on earth.He had 2 beautiful wives - Suniti & Suruchi & two sons were born of them Dhruva & Uttama respectively.
#talesofkrishna https://t.co/E85MTPkF9W


Now Suniti was the daughter of a tribal chief while Suruchi was the daughter of a rich king. Hence Suruchi was always favored the most by Raja while Suniti was ignored. But while Suniti was gentle & kind hearted by nature Suruchi was venomous inside.
#KrishnaLeela


The story is of a time when ideally the eldest son of the king becomes the heir to the throne. Hence the sinhasan of the Raja belonged to Dhruva.This is why Suruchi who was the 2nd wife nourished poison in her heart for Dhruva as she knew her son will never get the throne.


One day when Dhruva was just 5 years old he went on to sit on his father's lap. Suruchi, the jealous queen, got enraged and shoved him away from Raja as she never wanted Raja to shower Dhruva with his fatherly affection.


Dhruva protested questioning his step mother "why can't i sit on my own father's lap?" A furious Suruchi berated him saying "only God can allow him that privilege. Go ask him"