Let’s Start Step by Step process for paper Trading practice
step 1:- Top gainers list
Stock top gainers ki list me hona chahiye
aur stock nifty 50 me listed ho.
check top gainers list from
Step 2:- check 200 SMA signal:-
Stock price 200 day ke SMA(simple moving average ) ke upar ho
ye aapko strong bullish buy signal batata hain
check it from in.investing.com ( use time frame of 15 minute and 1 day)
step 3:- Check Rsi and Macd Signal :-
Rsi 60 ke upar hain aur rsi 60 se 75 ki tarf upar jaa rahi hain to strong bullish buy signal hota hain
macd zero ke upar ho aur signal line ke upar ho to buy signal
aur macd line signal line ko neeche se cross karke upar jaaye to buy signal hota hain.
note:-( use time frame of 15 minute and 1 day)
To learn about checking rsi and macd click here
step 4:- Bollinger bands :-
Bollinger Bands me dekho upper band ke pass ki price ke aas paas touch hone pe profit book karo.
buy karke 1% profit book karke nikal jaana safe and best hota hain.
(use time frame of 15 minute and 1 day)
note: stop loss 0.5% ka jaroor lagaye & support price ke neeche lagaye check support price in 15 minute time frame from in.investing.com in pivot point section.
exmaple of Axis bank rsi and macd showing bullish signal of day 9 -jan- 2022 in
which you can see rsi is above 60 and
macd black line is above zero and
macd black line is above signal line (blue line) and also crossing signal line (blue line) from below to above & also above zero.
Disclaimer :- This is only for knowledge sharing purpose only before trading make your own strategy and analysis .