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#Chartreading #technicalfunda #Raghumantra Classes
Take an Indicater and build an understanding around it.
Today's indicater= #ADX (used to help measure the overall strength of a trend)
For illustration purpose, lets scan for a pullback where trend is quite strong.Conditions:
1/n
Take an Indicater and build an understanding around it.
Today's indicater= #ADX (used to help measure the overall strength of a trend)
For illustration purpose, lets scan for a pullback where trend is quite strong.Conditions:
1/n
2/n
Using the above scanner, I got three stocks:
Gati
GuficBio
Saregama
Checked the higher t/f (in current case Weekly) to look for current range & resistances.
#Chartreading with #Raghumantra Classes
Using the above scanner, I got three stocks:
Gati
GuficBio
Saregama
Checked the higher t/f (in current case Weekly) to look for current range & resistances.
#Chartreading with #Raghumantra Classes
3/n
Then come down to our chosen t/f i.e Daily to fathom probable support points for the current pullback e.g.
20DEMA
50DEMA
Monthly Pivot
Demand zone
Fibo retracement level
Trendline
#Chartreading with #Raghumantra Classes
Then come down to our chosen t/f i.e Daily to fathom probable support points for the current pullback e.g.
20DEMA
50DEMA
Monthly Pivot
Demand zone
Fibo retracement level
Trendline
#Chartreading with #Raghumantra Classes
