HOW TO READ ANY STOCK CHART PRECISELY…. ( YOU MUST KNOW) | Education | 60334
- Education
-
User Post
- 60334
Facing any issues please contact us
Facing any issues please contact us
*๐ 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 ๐ 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 โน200 โ support Stock repeatedly stops near โน240 โ resistance So, ๐ Buy near support, sell near resistance ๐ Donโt 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 ๐ 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 ๐ Entry without confirmation = guessing STEP 6:ย ALWAYS fix STOP LOSS before entry… Ask: โIf Iโm wrong, where am I exiting?โ Example: Buy at โน300 Support at โน290 Stop loss at โน288 ๐ No stop loss = no trading becoz it can wipe out your money slowly. Telling from experiences.
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.
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.
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.
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!