What are The Best Indicators for Technical Analysis of any Stocks:

 

Yes it is necessary to use your own suitable & comfortable indicators which will show you the oversold / overbought, undervalued / overvalued position so that you can take an action depending on their signals.

As I always told you that day trading is not the proper way to make money continuously from this risky market. Sometimes it can be happened that you have bought some shares depending on those technical indicators and the price has increased more than 7% within the day itself, then you can sell them and book your profit, in this case no need to hold for more days because you have got a handsome profit within a single day and then you can look for another oversold & buy now stock.

So what I want to share my personal experience is:
  1. Take this market as a stock market business and be a part of great companies so that you can feel you are a great businessman and you are a business partner of those companies you bought.
  2. Try to become an intelligent value investor (not a day trader or scalper) and invest for short term as well as for long term then you will be able to enjoy the actual benefit from this great business.
  3. Use your intelligence along with technical as well as fundamental indicators to make the best shots for best returns from this great business. Always focus on long term run.
  4. Always wait for down market, oversold, undervalued stocks and then after getting proper buy now stocks make your best investments with them and enjoy the power of compounding your money. No need to buy and sell every day to be the successful from this stock market business.

Now come to the main point:

Keep in mind that if the overall market is down and market is affecting badly by any national & international issues then no indicators & analysis will work properly. You can use thousand of technical indicators depending on your strategy but in my experience I want to say use only two to three indicators to make sure about your technical analysis. You can use these best technical indicators for your very short term or short term investments:

Heikin Ashi candlestick charts along with,

  1. Stochastic momentum
  2. RSI
  3. MACD

All the above indicators will show you oversold / overbought / undervalued / overvalued position. I think these are the best technical indicators to make our technical analysis as simple as possible.

But keep in mind these are indicators only, along with these indicators you have to use your intelligence and previous experiences also. If you can use these two things (these technical indicators & your intelligence) then you will be able to buy the best stocks at best price level in the best possible way.

In the following chart all the above said indicators are being used and now you can see & tell me what can be the best buy price level / whether you have to wait for few days or you will buy now at this level /:

 

Ok, best of luck.

I will try to share my experiences with best buy now stocks and other segments of stock market regularly in our website without any cost and charges, because I love and feel happy to share my experiences.

Happy Investing ...!

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