Best strategies for short term investment in stock market
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
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 (stochastic was not showing green signal