What the some best chart setups for intraday trading?

Answer 1

Dear readers, As far as I work for intraday and swing trading, the analysis is completely technical. Therefore, as a strategy, I will expand you technical chart here, so that you will be able to take trade with your help. However, a lot of strategies are used to read charts in the market such as:

1. Trade according to Momentum
2. Trade by reversal
3. Trade based on flag pattern And so on But the moving average in the market is also very crazy. And in today's era, there are many traders who take trades based on the moving average ... I was one of them. But using the moving average I found that it gives a lot of signals for trade, out of which many signals are useless and it is not good for the sideways market either. So, through this post I try to understand the moving average cross over strategy. If you are well aware of the moving average, then you will be more easy to understand. There is no problem like this either. It is similar to the moving average in that only the moving average is used twice and the time frame of both is different. As I open the chart of SBIN stock. It took the first moving average on a time frame of 9 days and the second on a time frame of 21 days. As you can see in the image below.

Now you can see here that both moving averages are opposite to each other and sometimes crossing each other. Where it crosses each other is the same point from where we can give the exact signal and give confirmation for each signal twice. The probability of its success increases to the extent it was not in the single moving average. Some of the noted moving average crossover combinations are as follows:

1. If you want to go for intraday and swing trading then you can do analysis with 9 and 21 day moving averages.
2. If you want to go for short term investment i.e. for holding 1 Mahajan then you can use the moving average of 25 and 50 days.
3. If you want to go with the stock for longer than that, ie for 6 months you can go with 50 and 100 days combination. This is a matter of crossover .. But a question is bound to come when to buy and sell in the stock? It is appropriate, see when the short-time average is above the long-time average, you can make a purchase, on the contrary, if the short-time average is below the long-term, then a sell is made. If you are in shopping, you can square off your position. I hope the post will be useful for you, so do upvote and share. To work with us in the market, please message whatsapp 7354990268. Thank you