Best strategies in Technical Analysis

 Technical analysis is the go to method for traders, swing traders and even investors when it comes to finding the best stock to trade/invest in. 

Traders use a combination of tools to increase their probability and accuracy of profitable trades.

Best used combinations : 

1. If you like entering in trades in first hour of market opening, look out for 15 mins high/low of that candle and then 

buy if the price breaks out the high and sell if the price breaks out the low. This strategy is used by traders using price action as their major tool.

2. The above strategy used price as its major element. To make it more efficient, you can use indicators with different elements. 

Use an oscillator like Rsi, Macd to help you with entry (only), with the oscillator use an indicator that shows the strength in the trend(whether it is supporting your position side or not) like ADX, to get triple confirmation use A/D tool which confirms your trend strength on the basis of volume. 

- RSI/MACD + ADX + A/D(accumulation/distribution)   

3. Before entry always try to find out the nearest support and resistance zones where prices might halt, Indicators like Moving Average,

EMA can be used here. For more accuracy use PIVOT POINTS tool here. 

Hope this helps you. 

If you are looking for Stock Market Classes in Dehradun, MHV Education is the Best Institute that offers diversity in Share Market Courses suiting the needs of all the students.

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