Charts for the Day
- Thread starter anil_s_trivedi
- Start date
- Tags 50 dma investing chart reading moving average setups ta charts
I dont track a whole sector but individual stocks. No predefined system but more of watching graphs. Stocks after a fall when they start rising again then they are candidates. If it is from a support then better.
Stocks can rise quickly after a fall single bottom. BPCL chart posted earlier in this thread.
After a fall, short rise it can fall again. Making a double bottom. Like reliance at 1310 also yes bank carbon copy. chart posted earlier in this thread.
Sometimes after a fall stocks can consolidate for a while at a support like ujjivan. chart posted earlier in this thread.
In case of multiple bottoms. The second/third bottom can be higher or lower than first bottom. I just be aware of all these scenarios and act accordingly. If things not working as expected leave it alone.
Exact inverse for shorting.
Stocks can rise quickly after a fall single bottom. BPCL chart posted earlier in this thread.
After a fall, short rise it can fall again. Making a double bottom. Like reliance at 1310 also yes bank carbon copy. chart posted earlier in this thread.
Sometimes after a fall stocks can consolidate for a while at a support like ujjivan. chart posted earlier in this thread.
In case of multiple bottoms. The second/third bottom can be higher or lower than first bottom. I just be aware of all these scenarios and act accordingly. If things not working as expected leave it alone.
Exact inverse for shorting.
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