Which is the best momentum indicator for stock market trading?
Here I am Gonna Revile you superb strategy to Trade using momentum Indicators in Stocks. Read it carefully and paper trade using strategy before actual trades.
There are many momentum Indicators used in Technical Analysis and you can not pin point any one to be performing or under performing. Before Using any momentum indicator you need to have a Strategy to Scan the market i.e you need to filter market using some parameters like:
Once you find some breakout or breakdown on higher time frame (weekly and Daily charts) Due to the news then you try to trade those stocks using momentum indicators like: Awesome oscillator , RSI, MACD, ADX, Exponential Moving Averages Etc.
Today: ZEEL and HDFCBANK was in news How you can have traded both Stocks using momentum indicators Awesome Oscillator and RSI
Example 1: HDFCBANK
In the the above HDFCBANK 5 mins Chart (07-Oct-2019) you can See that Stock broke the Support levels- Marked with Red Horizontal Line with All Momentum Indicator supporting the Stock i.e. AO was Trading below Zero, RSI was Crossing 40 Levels. So you can confidently take a trade in the script.
Example 2: ZEEL
In the the Above ZEEL 5 mins Chart (07-Oct-2019) you can See that Stock broke the Resistance levels of Rising Wedge Pattern- Marked with Red Lines with All Momentum Indicator supporting the Stock i.e. AO was Trading below Zero, RSI was Crossing 40 Levels. So you can confidently take a trade in the script.
If you like the strategy and want to follow our live trades you can follow us on Telegram Channel ProfitPlay. Get Free Calls in Future Segment
Here I am Gonna Revile you superb strategy to Trade using momentum Indicators in Stocks. Read it carefully and paper trade using strategy before actual trades.
There are many momentum Indicators used in Technical Analysis and you can not pin point any one to be performing or under performing. Before Using any momentum indicator you need to have a Strategy to Scan the market i.e you need to filter market using some parameters like:
- Open=High
- Open=Low
- Bullish Engulfing on Daily Chart.
- Bearish Engulfing on Daily Chart.
- News in Stocks.
- Volume Shockers Stocks
- Gap Up Or Gap Down Stocks.
Once you find some breakout or breakdown on higher time frame (weekly and Daily charts) Due to the news then you try to trade those stocks using momentum indicators like: Awesome oscillator , RSI, MACD, ADX, Exponential Moving Averages Etc.
Today: ZEEL and HDFCBANK was in news How you can have traded both Stocks using momentum indicators Awesome Oscillator and RSI
Example 1: HDFCBANK
In the the above HDFCBANK 5 mins Chart (07-Oct-2019) you can See that Stock broke the Support levels- Marked with Red Horizontal Line with All Momentum Indicator supporting the Stock i.e. AO was Trading below Zero, RSI was Crossing 40 Levels. So you can confidently take a trade in the script.
Example 2: ZEEL
In the the Above ZEEL 5 mins Chart (07-Oct-2019) you can See that Stock broke the Resistance levels of Rising Wedge Pattern- Marked with Red Lines with All Momentum Indicator supporting the Stock i.e. AO was Trading below Zero, RSI was Crossing 40 Levels. So you can confidently take a trade in the script.
If you like the strategy and want to follow our live trades you can follow us on Telegram Channel ProfitPlay. Get Free Calls in Future Segment
