21 EMA is above 55 EMA which indicates short term uptrend. 21 EMA has been acting as dynamic support previously as well. Moreover, there seems to be a bullish engulfing on 21 EMA. RSI above 60 indicates bullish momentum.
shall i swing trade this stock now??
im complete beginner starting with 3-5k inr
kalyanganguly
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@TheMaskedNoob, you can swing trade. Just remember that you should be aware of position sizing. I know 3-4k is less but even if you invest you should be aware of position sizing. For e.g. you should always risk 1% of your total capital. So that even if your SL is hit, you just lose 1%.
Suhasreddy09
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how did u add 2 EMA Indicators once I add ema indicator it doesnt show up again
kalyanganguly
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@Suhasreddy099, once you add moving average the indicator window doesn't go away. You need to add the moving average and close the window. Then change the settings of the MA and again add another one.
MOHIT09
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if we look at Techm from fundamental point of view it is a good buy on every dip as it has acquired a big business and will perform good
kalyanganguly
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@MOHIT09, thanks Mohit. But I usually don't follow any news. My analysis is purely technical.
im complete beginner starting with 3-5k inr