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How to select stocks for swing trade
- 2. It’s me Syed Mansur Ali
- 4. How to select stocks for swing trading
- 5. STEP 1⃣
- 6. STEP # 2
- 7. STEP #3 One can see any price range stocks There is no limitation
- 8. STEP # 4 Prepare a Excel sheet to have notes of Stocks screened Look at the chart in all time Frame See your comfort zone as per one’s Technical Analisys Trade tool set up for Buy or sell entry Watch out the Chart pattern and its formation & Read any Information chart pattern trying to speak out
- 9. STEP # 5 Screening though paid or free Screener are available However Screening Manually and individually on the Screened stocks is a must to do step to refine and retune Study once again as validation of chart pattern is also very Important aspect of trading Set a Target and Stop loss as per one’s TA set up
- 11. Observation # 1 Use Magic Levels as per Math-0-Magic Using Moving Averages and RSI set up is executing Lagging indicators For Leading Indicators I use Magic levels ( Price pre-defined) Looking at the Volume is extremely important ( Volume is one of the Leading Indicator)
- 12. • Reliance Support line in Blue Colour shows at 880 level there was some support and as my Mathe-0-Magic sheet support was around 876 and rightly a support was taken Reversal seen Number at B heading and gradually upside numbers were attained. • On 16/04/2020 it open and close above 1129 ( Reversal Price ) and moved upside and took resistance exactly at 1225. • Thus we can see support and resistance of every stocks or index 625 644.246 655.872 684.35 690.113 708.092 713.958 729 749.774 762.312 792.99 799.193 818.532 824.838 841 863.302 876.752 909.63 916.273 936.972 943.718 961 984.83 999.192 1034.3 1041.35 1063.41 1070.6 1089 1114.36 1129.63 1166.9 1174.43 1197.85 1205.48 1225 1251.89 1268.07 1307.5 1315.51 1340.29 1348.36 1369 1397.41 1414.51 1456.2 1464.59 1490.73 1499.24 1521 1550.94 1568.95 1612.8 1621.67 1649.17 1658.12 1681 1712.47 1731.39 1777.5 1786.75 1815.61 1825 1849 1882 1901.83 1950.1 1959.83 1990.05 1999.88
- 13. Observation # 2 For Sell set up on the screened Stocks look at the 3rd day( of the month) High –low Price on 4th day is going below 3rd day Candle Low with RSI Bearish set up Further if the Price on 11th day goes below 10th day’s Low We can treat the same as Bearish continuation
- 14. Observation # 3 For Buy set up on the screened Stocks look at the 3rd day( of the month) High –low Price on 4th day is going above 3rd day Candle High with RSI bullish set up Further if the Price on 11th day goes above 10th day’s High We can treat the same as Bullish continuation
- 15. Observation # 4 FOR REVERSAL SIGNAL Price on 4th day is going above 3rd day Candle High with RSI bullish set up Further if the Price on 11th day goes Below 10th day’s Low We can treat the same as reversal levels or Profit booking levels
- 16. Observation # 4 FOR REVERSAL SIGNAL Price on 4th day is going below 3rd day Candle High with RSI bullish set up Further if the Price on 11th day goes above 10th day’s High We can treat the same as reversal levels or Profit booking levels