Here's what suddenly struck me while analyzing charts.
Before going ahead with what I noticed let me revise the indicators.
For newbies the MACD and ADX are trend indicators while RSI and ROC are major oscillators.
The crucial levels of MACD are zero cross up and down. Turn up and Turn down below and above d center line respectively.
The ADX crucial levels are ADX rising from 18 towards 20. The DI crossovers and Major strength with ADX above 30 and greater than both DI's takes a down turn.
The RSI crucial levels are 30, 50 and 70 crossovers.
The ROC major levels are zero crossovers.
Well after have refreshed these indicators lets begin with what I could analyse for which I have put in some random samples of various charts in different time frames.
The ROC and MACD crossing zero levels simultaneously in either direction with the RSI marching in the same direction and ADX poised for a change in trend or forming a strength in the same direction creates a momentum to push the stock.
This is just a basic raw ground work. The technical stalwarts like Prachi Selvan Karthik Marar Archana Mankar Wave Rider Muni Prasad Gutha and others can further explore this and can take it further to newer and more quantifiable and result oriented levels.
The charts posted are of Indian Stock Markets nevertheless the ideas can be grasped and grown upon and utilized by any stock markets.
NB : Prachi Selvan, Karthik Marar, Archana Mankar, Wave Rider, Muni Prasad Gutha are all available on FACEBOOK
MR. PRASADSIR,
ReplyDeleteFIRST OF ALL HATS OFF YOU FOR CREATING & HELPING THIS MUCH OF PEOPLE OUT HERE...
YOU DECIDED NOT TO PROVIDE YOUR HOLY GRAIL TO PUBLIC AFTER WISESTOCKTRADER INCIDENT, BUT SIR I LOOKED EVERY POST OF YOUR BLOG WHERE PEOPLE BEGGING FOR THAT HOLY GRAIL,
SIR I REQUEST YOU MAY NOT PUBLIC THAT AFL BUT PLEASE PLEASE DO FEVER TO PROVIDE THAT ON EMAILS...
PEOPLE ARE BEGGING BECAUSE THEY SOMEWHERE LOOSING UP OR WIPED OUT THEIR ACCOUNTS SO MANY TIMES, I AM ONE OF THEM.
SIR NOW ONLY YOU & YOU CAN SAVE US.....
MAY BE WE ARE NOT DESERVE THIS THINGS, BUY SIR WE OWE YOU IF YOU HELP US, WE OWE YOU SIR....
THE HOPE :----
MY EMAIL ID
shah.abhishek7271@gmail.com