Rattibha

My First Stock

18 Tweets 22 reads Jul 22, 2023

Intraday Technical Analysis
Mini Course worth 5000
Explained with 30+ Charts
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Index
1) Importance of Trend
2) Time Frame Importance
3) Bullish Day Signals
- Candles, VWAP, EMA, Patterns, Resistance BO
4) Bearish Day Signals - In Next Thread Soon
5) Reversal Day Signals - In PDF Only
6) Psychology - In PDF Only
Imp - Explanation in Charts Only

Importance of Trend
"Trend is our Friend except at the end when it bends"
Trend Following importance explained in 4 charts -
Going against the trend stands very less chance of success as explained in this chart that cover 5 days of uptrend -

Time Frame importance -
1) 3 min - For Execution
( indicators provide early signals and less reliable)
2) 15 min - to look at trend of week, Support and Resistance of last 4-5 days
3) Daily - to check current trend and Short Term S-R (More reliability)
Charts -

Bullish Day Trading Signals
1) First Big Green Candle
First candle is always a good signal and trend setter for the day. Trading in direction of that candle have more success chances
E.g Reliance Big candle on 9 March, Entry with SL below first candle
Success Rate > 60%

2) VWAP Reaction - For first 15 min best indicator is VWAP -
1) Chart Reaction with VWAP on a bullish day is explained in 4 charts here -

3) 10-20-50 EMA Reaction -
Only on steep up moves, charts get support by 10 ema and do not break that. like 8-10% pump
Bounce from 20 Ema support is a good entry point with SL below low of last 2-3 candles
EMA Confluence and Crossover Entry
Explained with 3 charts -

Candles - ( Useful on Bullish Day )
1) Breakout Candle
2) Dragon Fly Doji on consolidation - Enter in next candle once the price is above the high of Doji and keep SL below low of Doji
3) Bullish Engulfing
Explained in 3 charts -

Pattern/Signals on Bullish Day -
1) Ascending Triangle Breakout - Most Common
2) Resistance Breakout
3) New High of Day
4) Bounce from last high of Same Day
Explained in Charts -

Some Important Points -
1) Never Trade against the Big Candles
2) Never trade against the trend
3) Never trade without SL
4) Don't move SL accept it
5) 1:2 Risk Reward is minimum to take trade
6) 50% Win Rate is excellent
7) Try to make profit according to capital Only

Signals to Enter Short Trade -
1) VWAP Signals
Look at this reliance chart -
- First Big Red Candel is always a good short signal
- Continuous rejection from VWAP is good to enter short