Stock Market Weekly Updates
In this stock market weekly updates BHARAT HEAVY ELECTRONIC LTD (BHEL) is looking great.
Bollinger band quiz breakout happened in the monthly chart with volume confirmation and price is above RSI (Relative strength index) 60 which is a bullish signal.
Future of Indian stock market in 2023 click here to read more.
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Bollinger band quiz break out in the daily chart with volume confirmation and it’s now going all-time high and daily RSI is also above 60 that’s means it has good a momentum.
Previous swing break out happened in weekly chart and RSI is also above 60. So buy above the last candle, stop loss below the previous support, and target is 1:5. Which is given below-
Entry :- 82.45, Stop loss :- 77.35, Target :-1:5
Conclusion
Trading is all about the mindset and market is supreme so always go with the flow. Don’t go against the trend because trend is our friend.
Q&A:-
Ques 1- How do beginners use the stock market?
Ans:- Always follow the trend because market is supreme so don’t try to against the trend.
Ques 2- Which is best stock to buy today?
Ans:- BHEL (Bharat Heavy Electronics Limited) is looking for upcoming days.
Ques 3- Is it good to invest in stock market now?
Ans:- Yes, Time is not matter for trading and investing.
Ques 4- What type of stock is Apple?
Ans- Apple is a large-cap stock.
Ques 5- How do you gain money from stocks?
Ans- Peak a trending sector and choose a trading stock from the sector to hold for sometime with stop loss.
FAQ
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