This question has been asked before. It has been asked now. I will be asked in future. What question is that? It is nothing but, “How to select stocks to trade?”
From beginners to expert traders, everybody knows stock selection is important. Especially for intraday it is very important as same stock won’t give movement daily.
There are two methods. One is to...
Hey.. What do we get if we analyse one chart with two different theories ?
Is it a good idea ?
We use different techniques and methods to analyse a chart.
Some traders use chart patterns, some use moving averages and others use any other technique.
We all did the analysis to determine the trend of that instrument.
What if we use two different theories for the...
1. Nifty Pharma is in descending channel on daily timeframe.
2. It’s bearish on weekly and Monthly timeframe also.
3. Wait for “W” pattern breakout or Resistance line breakout (red line) above 13115 level for bullish trades.
4. 13115 to 13200 is major resistance zone. If this zone is crossed with strong green Candle on daily time frame and 13115 is retested and...
11700_12050 & 10400_10800 are good support zones for TREND REVERSAL for minimum 18000 to 24000 in MID-TERM which is almost 50_100% from cmp. In LONG-TERM expecting index to hit 33000_37000. So look out for fundamentally good Pharma stocks which are near good support zones or hovering above BREAKOUT RETEST ZONES & start accumulating them for...
Nifty pharma started giving positive signals on two three factors seems it can retrace good from here it gives a breakout on falling trendline resistance and closed above, gives breakout on upper Bollinger band and closed above relative strength indicator resistance just starting phase to indicate coming good moves. after all these considerable points we should...
Nifty pharma index formed reverse head and shoulder pattern and gave breakout today.
Better to pick pharma stocks for swing trade
Already in our radar Lupin rocking today..
Do Follow for more ideas!!!!!
Nifty pharma showing some good initiations on weekly charts hope it will turn into a breakout it closed after so long above 100 ema on weekly chart and somehow manage to close partially above falling trendline resistance and also the relative strength index below on charts trending upwards so as of now this is a neutral on view adding in watchlist for adding...