JayneshKasliwal

@JayneshKasliwal

6 Tweets • 2021-11-22 14:34:05 UTC •  See on Twitter

rattibha.com 

A thread on how to draw trendlines!

Confused between connecting wicks or bodies while

drawing a trendline ?
Our main aim to draw trendline is to get maximum
points of price on a line .
It can be through wicks tails or body and there is no
fixed rule !

RETWEET SHARE !
1/n
Trendline as Trailing Stop Loss.
1. Trending stock Tends to pullback near Moving
averages and trendlines .
2. This could be areas of fresh buying or you can
shift your Stop loss to upside
3. As soon as trendline is broken then you can sell a
stock and take reverse position

2/n
Trendline as Trendreversal
1. You can Buy breakouts of trendline in a
downtrend
once the trend is changed with emergence of HH
HL structure
2. You can initiate long postion with Stop at
previous swing low
3. Sometimes you may find retest on trendline also

3/n
Trendline Breakout in uptrend

Buying on breakouts of trendline

Look for Volume Confirmation

4/n
Trendline will act as Support and Resistance
Simple Strategy of Buy Low Sell High works best
combined with other buying rules

5/n

@kuttrapali26 @AmitabhJha3 @rohanshah619

 @rattibha compile

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