Hi,
Sorry i cn't help u in ur querry, but i wnt 2 ask u my querry as u seems a daily trader. I m new in trading field. I hv done my basic TA but i cn't apply the same for trading, i get totally confused while trading. Dn't understand which rules n indicator to be apply???? how to start study to apply TA in trading n how to select stock 4 trading. Pls. guide me the same if u can.
Thnx.
Well Vishnupriya its difficult to answer your question because to guide you one needs to know how much do you know about TA.
First and the foremost thing you need to define as to what kind of a trader you are:1. One who trades on breakouts 2. One who trades bottom fishing. And the 3. One who's an investor for long term for whome the above two do not concern.
If you are between the 1 and the 2 then decide what indicators you wish to have, the Stochastics, RSI, Moving Averages etc,
If you can taker bigger risks look at using 15 min or 30 min time frame, smaller risks come down to lower time frames.
Learn to define your Targets and your Stop Losses.
Decide on the TA software you going to use and know it thoroughly.
Finally VERY IMPORTANT you must do paper trade till you gain confidence and select good scrips of nifty 50 for your tests. Do not trade in real cash till you are confident.
Good luck and happy trading.