HOW TO READ ANY STOCK CHART PRECISELY.... ( YOU MUST KNOW) | 60334 | BSMe2e
BSMe2e Feedback

Contact Us

User Post

HOW TO READ ANY STOCK CHART PRECISELY…. ( YOU MUST KNOW) | Education | 60334

Published By: User | Riya Tilwani

User Location: Raipur | Chhattisgarh | India

Categories:
  • Education
Type:
    User Post
ID:
  • 60334
*๐Ÿ“Š HOW TO READ ANY STOCK CHART (STEP-BY-STEP)*ย    STEP 1 Identify the TREND (Most important)..ย    Ask only one question: Is the stock going UP, DOWN, or SIDEWAYS?   Example: Higher highs + higher lows โ†’ Uptrend Lower highs + lower lows โ†’ Downtrend Same range โ†’ Sideways ๐Ÿ‘‰ Trade only in direction of trend..Most beginners lose because they fight the trend.     STEP 2 : Mark SUPPORT & RESISTANCE   Support = Floor Price usually stops falling here.. Resi... Continue reading
Share It On

*๐Ÿ“Š HOW TO READ ANY STOCK CHART (STEP-BY-STEP)*ย    STEP 1 Identify the TREND (Most important)..ย    Ask only one question: Is the stock going UP, DOWN, or SIDEWAYS?   Example: Higher highs + higher lows โ†’ Uptrend Lower highs + lower lows โ†’ Downtrend Same range โ†’ Sideways ๐Ÿ‘‰ Trade only in direction of trend..Most beginners lose because they fight the trend.     STEP 2 : Mark SUPPORT & RESISTANCE   Support = Floor Price usually stops falling here.. Resistance = Ceiling Price usually stops rising here..   Example: Stock repeatedly falls near โ‚น200 โ†’ support Stock repeatedly stops near โ‚น240 โ†’ resistance So, ๐Ÿ‘‰ Buy near support, sell near resistance   ๐Ÿ‘‰ Donโ€™t buy in the middle (confusion zone) ( u will get stuck becoz of it)     STEP 3: Check VOLUME (Truth teller)   Ask: Is volume supporting the move?   Example:Price up + volume up โ†’ strong Price up + volume down โ†’ weak Price sideways + volume rising โ†’ accumulation   ๐Ÿ‘‰ If volume disagrees, be careful for that…     STEP 4: Use ONE SIMPLE INDICATOR (Not many)   Best simple combo: 20 EMA ( I personally use it)โ†’ short-term direction & VWAP (for intraday) And also 5 , 9 , 50, 200, 350 ema also I personally use which works best for me…   Example: Price above 20 EMA โ†’ bullish bias Price below 20 EMA โ†’ bearish bias     STEP 5:ย  Wait for CONFIRMATION CANDLE   Never buy just because price touches support.   Confirmation examples: 1) Strong green candle 2) Rejection wick 3) Break + retest ๐Ÿ‘‰ Entry without confirmation = guessing     STEP 6:ย  ALWAYS fix STOP LOSS before entry…   Ask: โ€œIf Iโ€™m wrong, where am I exiting?โ€ Example: Buy at โ‚น300 Support at โ‚น290 Stop loss at โ‚น288   ๐Ÿ‘‰ No stop loss = no trading becoz it can wipe out your money slowly. Telling from experiences.

Leave a comment

Welcome to BSMe2e, a vibrant platform brimming with exciting events, contests, and a thriving marketplace. We're committed to providing a fair and enjoyable experience for everyone โ€“ users, sellers, advertisers, and agents. To ensure a seamless journey, participation in any BSMe2e event or contest requires adherence to our comprehensive event policies.

BSMe2e Event Policies to Help You Participate with Purpose

  • Users:ย Let your talents shine! BSMe2e offers a platform to showcase your skills, engage in skill-sharing, and seize opportunities. Remember, respect and integrity are the cornerstones of our community. For detailed guidelines, visit our dedicated policy page on Talent Competition Conditions.
  • Sellers:ย Your storefronts are the lifeblood of our marketplace. To maintain a trustworthy environment, adhering to our Seller Service Policies is crucial. These policies cover everything from product listings to customer interactions, fostering a standardized and professional experience across all eStores. Explore the Terms and Conditions for a clear understanding.
  • Advertisers:ย You're the storytellers, bringing brands and services to life with your creative ads. Your contributions fuel our ecosystem, and following our Advertisement Policies is essential. These guidelines ensure a respectful and lawful marketing practice, upholding the integrity of our advertising space. Dive deeper into the Advertisers Policies to craft impactful campaigns.
  • Agents:ย As BSMe2e ambassadors, you play a pivotal role in fostering growth and connections. Following our Agent Program Policies equips you with the knowledge to excel and champion the values of our community.

Each event and contest has its own set of terms and conditions, detailed within specific policy pages. We highly recommend thoroughly reviewing these terms before engaging in any activity on our platform.

A Commitment to All

At BSMe2e, we wish to foster a community that celebrates innovation and mutual respect. Our policies support this commitment, ensuring every interaction is rooted in excellence.

Join the BSMe2e Journey

Unleash your potential, connect with a global audience, and be part of a futuristic marketplace that celebrates talent and entrepreneurship. At BSMe2e, your journey to success begins!