How do I apply technical analysis for Intraday trading effectively?
Technical analysis is a trading discipline used to evaluate stocks and identify trading opportunities by analyzing statistics collected from trading activity, such as price movement and volume. But it is a wrong move to solely trust the indicators to make a final decision.
The Intraday trading can be very unpredictable sometime due to its highly volatile nature. You can follow these 4 indicator for technical analysis.
- Relative Strength Index.
- Stochastic
- The Moving Average Convergence & Divergence (MACD)
- Moving Averages.
These are the most reliable and effective indicators for effective technical analysis. However, you can also take a help of good advisory firm that provides the best commodity tips on the basis of technical and fundamental analysis of the market.
(Source: https://www.quora.com/How-do-I-apply-technical-analysis-for-Intraday-trading-effectively )
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