"The Technical analyst"

there is a system to choose stocks (works on every time frame), important factors of screening system are- * price action- to identify strong support and resistance zone. * trend of market- uptrend, downtrend or sideways . * indicators- to confirm trend direction(bullish, bearish reversal, or trend continuation ). * candlestick-to identify trend direction along with indicators. * different chart pattern like- •bull or bear flag •bull or bear pennant  •cup and handle •trend line breakout •channel pattern this is how one should screen stocks with above factors, here is a example you can see in daily chart of auropharma- 1) pivot point (indicator) was a strong resistance for price(see arrow no.4 in image). and price fell down because of this resistance 2) on 9th of august inverted hammer formed(trend reversal signal), see (see arrow no. 2 in image). 3) ichimoku cloud acted as a strong support (see arrow no. 1 in image). 4) MACD (indicator) is running on bullish crossover (...

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