Some people think that share market is a game, some think of gamble while some use tricks. The two ways are buying and selling. This is very important to decide that which way is suitable. And here we can take help from brain. So, I think brain is the most powerful weapon which protects us from loss in the field of share market.
So, the next question is how we can use our brain for deciding about the way. We should go through the whole research of a particular stock. How minutely you can analyze the stock depending on the sharpness of brain. Experiences and continuous practices help us to get the right way.
For long term, we should buy a stock, when it is near about its support level. And sell that when it will be close to the resistance level.
The other important factor is that stock selection. So, select the stock according to analysis, which supports all the steps of technical analysis. It includes five steps mainly; Data analysis, candlestick and chart pattern analysis, moving averages analysis, Technical indicators analysis and Beta analysis.
When we will go through all the steps of analysis then we can get the right direction. We should also consider the fundamental and macro news. Visit us http://ping.fm/QRB5E