A huge buffet is put before you. The best way to deal with it initially would be is either select only your few favourite stocks or the select 10 heavily traded stocks and delete rest of the rows..Then you will not see so many numbers and you can extract your trading levels and plan your trades.
If you have time, go through the entire lot and identify the ones that deserves the "Merit to trade" and go after them no matter whether they feature in the top 10 or not as they will eventually find their place.
Good luck to all.
Thank you, Rajagopal.
After a gap down, it is likely to be a sideways move most part of the day.
So trade those points if the following levels hold.
3 comments:
sir ur comment this
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sir i have a question,
if i analyse the 3 charts like this
there is a divergence in hourly, price making lower low indicator higher low. price has to turn up either confirmed by signal crossover over of macd or price above an ema.
weekly at major support
daily has broken a tl slightly but is hanging on there. tl r slighly subjective. so lot of times stocks breach them slaghtly and fall within again.
what is wrong in this analysis
@ Piyush,
You could analyse the divergence that way too.
I have incorporated certain EW possibilities and felt that moving lower towards 200 coupled with a +ve divergence would have been better.
The same stock was covered few weeks ago when it had negative divergence and now it is nearing the end part of that fall.
As you mentioned, after breaking the trendline the stock may move up...only as a bounce except in a 4th wave(wherein it breaks the channel and goes up to a new high to complete the 5th wave).
Following the trendline, often, gives excellent returns.
Sir,
My sincere appreciations for the selfless philanthropic job. The sheet is of older date. Can u pl guide how to update or can it be auto updated?. Thanks.
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