Gaurav Balani

Pursuing Chartered Accountant
Learning charts
Trading with Price action

[Gaurav Balani @GauravBalani8]

Wish you many many happy returns of the day @Prakashplutus sir

[G K AGARWAL @ipo_agarwal]

Best Story I have ever heard about Friendship is being shared on the auspicious occasion of FRIENDSHIP DAY

Once a father was too much worried about his son as he thought, he is in bad company

He tried to convince him that ‘You are just an average of FIVE Persons, You spend most of your time with’ So choose friends wisely

But all that goes in the drain and the son didn’t listened to his father

Finally the FATHER thought to make him understand with practical test

He waked his son at 1 AM in the night & said let’s test your friends, the son initially was irritated but finally agreed with him

He said let’s visit the Top 5 Friends of you one by one & ask for help

They went to one friend whom his son use to assume his best friend after 1 AM in night & knocked the door

The boy’s father opened the door and saw his son’s friend & informed the son about him but he asked to tell them to come in the morning

Then the second friend talked rudely for disturbing his sleep, Third, Fourth & Fifth but no one was ready to come with him or destroy their sleep for him

All these activities were too tough for the son to accept & he said to his father

‘Ok, we tried my friends and they turned out to be useless, why no try your friends now?’

The father said ‘I have only friend and I think you are right, we should try him also today’

They went to his house and knocked the door, From inside came the voice ‘WHO IS THERE’

It was father’s friend, Father replied ‘It’s me your friend with my son’

Till the time they reached his home, it was almost 3:30 AM, Any voice didn’t came from inside for 5 minutes, neither his friend came out.

Son said to his father, ‘At least my friend informed me that they are not coming with me to help but yours isn’t even answering!!’

Then opens the door and father’s friend came out with money in his one hand and stick in other hand

Father asked, ‘What’s all this! Why have you come out with money & stick in your hands’

Friend replied, ‘You have come to me at 3:30 AM in the night, So I assumed it’s an emergency’

‘Either it could be medical emergency which require money or it’s a fight with someone which need stick, whatever it is! Let’s go and solve it���

[Gaurav Balani @GauravBalani8]

@Prakashplutus Buying opportunity for gold

[John F. Kennedy Jr Q @Real_JFK_Jr_]

Only 3 days left until the date predicted by The Simpsons.
I'm praying that nothing happens! 🙏‼️

[Gaurav Balani @GauravBalani8]

@Wisdom_HQ 2

[Stock Market Scientist™ @MarketScientist]

Sharing an interesting story to get an inspiration for life 😇

Investing 5 minutes in reading can become a big catalyst of your personal & professional life 🧿🧿

Here is the story👇
Once, Lord Indra got upset with Farmers, he announced there will be no rain for 12 years & you won’t be able to produce crops.

Farmers begged for clemency from Lord Indra , who then said , Rain will be possible only if Lord Shiva plays his Damru.
But he secretly requested Lord Shiva not to agree to these Farmers & when Farmers reached Lord Shiva he repeated the same thing that he will play Damru after 12 years.
Disappointed Farmers decided to wait till 12 years.

But one Farmer regularly was digging, treating & putting manure in the soil & sowing the seeds even with no crop emerging.
Other Farmers were making fun of that Farmer . After 3 years all Farmers asked that Farmer why are you wasting your time n energy

He replied “I know that crop won’t come out but I’m doing it as a matter of “practice”. After 12 years I will forget the process of growing crops and working in the field so I must keep it doing so that I’m fit to produce the crop the moment there is rain after 12 years.”
Hearing his argument Goddess Parvati praised his version before Lord Shiva & said You may also forget playing the Damru after 12 years
The Lord Shiva in his anxiety just tried to play the Damru, to check if he could & hearing the sound of Damru immediately there was rain & the farmer who was regularly working in the field got his crop emerged immediately while others were disappointed.
It is the practice which keeps on making you perfect
We become even diseased or old just because we don’t practice
Practice is the essence of quality survival

The biggest takeaway is

Whatever trade or profession we are in, keep sharpening our skills, practice with what we have, upgrade our knowledge.
Don't Wait, Upskill yourself so that you are ready to meet the challenges of future

Hope you find your catalyst

Thanks for reading

Repost it if you think this learning is important for everyone to have

Gratitude 🙏

[G K AGARWAL @ipo_agarwal]

Retweet if You think Nirmala Sitharaman is the worst Finance Minister of India

[Gaurav Balani @GauravBalani8]

Interesting line -
Love is like a fart, don't force it, If you force it, it becomes a shit !!

[Stock Market Scientist™ @MarketScientist]

RSI Simplified📒

🔵Its one of the leading indicator which measures the strength of any move in price
🔵Its an oscillator which moves between two extremes (0—100)
🔵Reading above 70 indicates overbought while below 30 indicates oversold sentiments

How to trade with #RSI
🔵50—70 is as zone where trades buy the #stocks by considering other factors (BO, Divergences)
🔵Below 40 is weakness zone where some traders do selling
🔵40-50 is an indecision zone where most of the traders avoid trading & wait for BO

Trading Divergences📈
🔵There are 2 type of divergences occurs b/w RSI&Price (Bullish & Bearish)
🔵In Bullish Divergence RSI makes HH-HL while price doesn't do it
🔵In Bearish Divergence RDI makes LH-LL while price doesn't do it

Trading Checklist for RSI
🔵 Buy on bullish or positive divergences
🔵 Sell on Bearish or negative divergences
🔵 Wait if divergence is very low in nature
🔵 Remember more the divergence better the success rate of trade

Please refer to the attached the pictures to understand the concept better...

Also do lot of case studies to increase your accuracy of reading

Thanks 🙏

[Gaurav Balani @GauravBalani8]

@MarketScientist Great ideas sir with a good research and explanation

[Gaurav Balani @GauravBalani8]

@MarketScientist Yes

[Gaurav Balani @GauravBalani8]

@plutusadvisors Ready Sir

[Gaurav Balani @GauravBalani8]

@BeyondTrading07 Idbi

[Gaurav Balani @GauravBalani8]

Cheers Bharat GDP Crossed $4 Trillion 🇮🇳🙌

[Gaurav Balani @GauravBalani8]

@Enezator Ha ha he has not removed wet pants 😂

[Parimal Ade @AdeParimal]

PE Ratio!

[ViPiN 😉 @AlgoBoffin]

These are very important things, keep them in your mind and share them as much as possible.

[Gaurav Balani @GauravBalani8]

@dhuperji Bajaj hind

[Gaurav Balani @GauravBalani8]

@kirubaakaran Sir can you gide how to start studies for nism?

[Gaurav Balani @GauravBalani8]

@Prakashplutus Yes