Naren Joshi

Sep 25 • 6 tweets • 5 min read

Elliott / ABC Wave Theory

Elliott Wave Theory, or ABC wave theory, is a term for three-wave counter trend price movement.

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Here, wave A is the first price wave that is against the trend of the entire market. B wave is a corrective wave for wave A. Wave C shows the final price move to complete the counter trend price move.

Remember👇

Alphabetical labeling helps to differentiate between the degree or level of the wave. It speaks to the span of the basic pattern.

The patterns begin with the biggest degree and work their way down to influxes of lesser degree.

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There are two sorts of waves: Impulse and Corrective. Impulse waves move toward the bigger degree wave. Corrective waves move against the bigger degree wave.

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Naren Joshi

@valuelevels

Sep 12

Intraday trading tips and tricks

As the name suggests, Intraday Trading is the process of buying and selling stocks on the same day. Basically, you buy stocks on daily basis, you look for a reasonable price to sell it and then earn your profit.

Daily analysis and research is necessary for Intraday Trading. The movement of the market’s momentum must be reflected in the strategy used by a trader.

It is advisable to look for liquid shares for Intraday Trading. As the trader needs to square-off their position at the end of the day, it is better to go for large cap shares.

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Naren Joshi

@valuelevels

Aug 27

Are you a good stock market trader?

Become better & improve yourself

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#trading #learning #StockMarket

Learn some Classic and very useful chart patterns TODAY!

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Trend Lines are very useful on Charts

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Naren Joshi

@valuelevels

Aug 15

Most Essential Stock Chart Patterns
With @Stocktwit_IN

THREAD 🧵
1. Ascending triangle
2. Descending triangle
3. Symmetrical triangle
4. Pennant
5. Flag
6. Wedge
7. Double bottom
8. Double top
9. Head and shoulders
10. Rounding top or bottom
11. Cup and handle

Cup and handle:
The cup and handle is a well-known continuation stock chart pattern that signals a bullish market trend. The cup appears similar to a rounding bottom chart pattern, and the handle is similar to a wedge pattern

Rounding top/bottom:
The rounded top and bottom are reversal patterns designed to catch the end of a trend and signal a potential reversal point on a price chart.

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Naren Joshi

@valuelevels

Aug 14

Do you have what it takes to be a successful trader?

Study after study say that it is discipline that differentiates a successful trader from a not so successful one. Consistent result is the outcome of a disciplined trader. How do you get this right? Here are valuable tips👇👇

Firstly, what is Discipline?
It’s important that we first understand what discipline is. The definition is – the practice of obeying rules or a code of behavior

Note it down.
To start with make a note. A note on your precise trade plan. What will be your criteria for entry and exit, investment management and trade management plan? You may know it but if you do not note it down it can be forgotten or very easily you could lose the track.

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