Except ici, none others went above O=H.

(I personally never trade based on O=H/ O=L; area is prone to spikes.)
But, when index & heavyweights have O=H at same time, it lends more credibility. -> today Gapup buyers were not in control.

Friends,
in this thread, I shall explain important trading concepts in simple way.

It takes time to create content. I hope you find it worthy of RETWEET.

If response is good, then I shall continue with this series to cover more in depth concepts/ different scenarios.

1. Trending markets

2. Choppy markets

3. Handling losses

4. Handling profits

Fellas, today's range breach is to be watched for....
Do you know why?

Nifty, BNF, RIL, Infy, some major banks all took resistance around their respective SVWAPs.

#tatapower
- broke out of consolidation & gave ATH close
- volumes highest in 4 months
- COI rose by 6%, still it is avg
- Options data still slightly bearish.

I shall look for Long opportunity preferably on pullback to vwaps. (I generally avoid direct BO.)

Series VWAP. If interested in knowing more, check a FREE writeup here....

https://t.co/WxKNShO3pk

Friends,
I am planning to write Stock mkt related thread (/writeup) on..

WHY STUFF WORK?

E.g. Why prior Support acts as Resistance?
If u have such questions related to Data/ TA, DM me. If possible, I shall incorporate reasoning for that as well.....
#learning #stocks

Friends,
Here we go.....

In this running thread, I shall explain my understanding/ observations on WHY aspect of Trading/ Investing/ Market analysis..

#trading #StockMarket

1. WHY Support turns Resistance and vice versa....

2. WHY few MA (like 200) work, sometimes?

3. WHY Support/ Resistance are more likely to break after multiple visits?

#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

Breakout Screener with AMAZING UPDATE!

One-click on the link to view the charts directly from the screener!

@gocharting team helped us to get this wonderful feature!

https://t.co/3teN7Jtuyk

(Screen download link is inside the post)

#Retweet and share!

Buying Gold Gets Expensive!

Gold Import Duty Increased by 5%

Gold Import Duty Raised to 12.5%

Also Attracts 3% GST

------------------------------

Total Duty Now at 15.75%
12.5%: Import Duty
2.5%: Agri Cess
0.75%: Social Welfare Surcharge

#gold #goldimport #goldimportduty

I have spent the last couple of years thinking quite a bit about health. Experimenting with myself and our team, and supporting startups that are trying to help Indians make healthier choices.

A few thoughts on how and why you should focus on your health. 1/9

In chasing money goals, it is easy to forget that all the money in the world can’t buy good health. As we grow older, our health determines the quality of life, not money.
Good health also means the ability to bounce back faster if unforeseen incidents occur. 2/9

Health goals should be about how you feel, not how you look. Wanting to look a certain way, influenced by celebs and influencers who fake it with lights and photography, use performance-enhancing drugs, or hit the genetic lottery, is a recipe for unhappiness. 3/9

Sitting is the new smoking. Setting simple activity goals in terms of how much I move (calories burnt) and reminders to stand up every 45 mins has had the most impact on me. The current health challenge in Zerodha is to set a daily activity goal & try reaching 90% of the time 4/9

Sleeping by 9 pm & getting a workout at 5 am has been helpful. Sleeping early reduces the chances of bingeing when we are drained and have low self-control at the end of the day. A workout in the morning also increases the odds of making healthier choices throughout the day. 5/9