๐น Step 1: Identify Timeframe
- Decide cheyyi short-term (15min / 1hr / daily) or long-term (weekly / monthly) analysis cheyyalani.
- Example: Intraday trader ki 15minโ1hr chart useful, investor ki weeklyโmonthly chart important.
๐น Step 2: Understand Trend
- Trendline draw cheyyi.
- Types of trends:
- ๐ Uptrend โ Higher Highs, Higher Lows
- ๐ Downtrend โ Lower Highs, Lower Lows
- ๐ Sideways โ Price range lo move avtundi
๐น Step 3: Mark Support & Resistance
- Support: Price repeatedly bounce ayyina level (buyers entry).
- Resistance: Price repeatedly reject ayyina level (sellers entry).
- Ivi future price action ki decision points.
๐น Step 4: Use Indicators
- RSI (Relative Strength Index) โ Overbought (>70), Oversold (<30).
- MACD (Moving Average Convergence Divergence) โ Trend strength & momentum.
- Moving Averages (20, 50, 200 EMA) โ Short & long-term direction.
- Volume โ Price move ki strength confirm chestundi.
๐น Step 5: Candlestick Patterns Observe Cheyyi
- Doji โ Market indecision
- Hammer โ Reversal indication (at support)
- Shooting Star โ Reversal indication (at resistance)
- Engulfing Patterns โ Strong reversal signal
๐น Step 6: Risk Management
- Always Stop Loss petti enter avvali.
- Position sizing maintain cheyyali โ One trade lo big risk theesukovaddu.
๐น Step 7: Combine All & Write Conclusion
- Trend + Support/Resistance + Indicators ni combine chesi clear outlook rayi.
- Example:
- โMobikwik stock currently trading near strong support at โน250. RSI is in oversold zone, indicating possible bounce. But if it breaks โน245, next support lies near โน220.โ
๐ Disclaimer:
โThis procedure is for educational purposes only, not financial advice. Always do your own research or consult a SEBI-registered advisor.โ
