ScienceBehindTheChart

Lesson of up trend stock

NSE:M_M   MAHINDRA &MAHINDRA
As you can see on weekly chart that when MACD crossover happened in the stock, the price moved ahead, so lesson is, identify such type of stocks is standing below centre line of MACD and came into up trend. See also behaviour of the RSI which is reversed from 50 level three times, you can also plot 20 and 50 days moving avg to make picture clear. I recommend you all to please trade and invest only when you read technical analysis book which are available on flipkart and Amazon. Total aspects covered in the books. Without reading technical indicator behaviour, we can not success in the stock market. Thanks
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