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Today almost all banking stocks jumped 8 to 10% in last one hour ? How can i catch such stocks?

please try to be illustrative through charts

thanks in advance
Posted by Guest Posted on : 23-May-2014

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Answer to this Question By Community
Posted by Guest
Posted on: 25-May-2014
Thanks for answering
Please include a feature of drawing trend line on graphs in your site.So as to assess the movements with high degree of certainty.

Posted by Admin
Posted on: 25-May-2014

There is no silver bullet in stock trading. Heavy movement of all stock of a sector in one direction is a rare thing. It normally happens when some news breaks out or on some strong rum ours about the sector. Such movements are extremely difficult to guess and I know a lot of people who have burnt their hands on trading on the rumors. Even if the rumor are correct then by the time it comes to common mass the differential in price is already factored in.

My suggestion here is that go gradually and trade systematically using proven principles of Technical Analysis. There are plenty of good indicators which can give you possible movement of stock in some direction with high degree of probability.

Some of the strong indicators are (but not limited to) RSI, MACD, Double bottom, Trend line breakout, bullish engulfing, MA crossover etc. I know a lot of traders who with strict discipline (include Stop Loss ) have made consistent profit with just using 2-3 indicators. The secret is

  • 1. Plan
  • 2. Backout plan
  • 3. Faith in your study
  • 4. And no over thinking


Thanks
Site Admin

Posted by Guest
Posted on: 24-May-2014
Thanks a lot Mr. Sunil for answering my problem..yes its hard to predict future but i asked question to know what technical indicators to look for in order to catch such trend.
please try be technical or if you can suggest me a course to take to catch such price rise

Posted by Sunil
Posted on: 24-May-2014
Its a puzzle dear so many peoples are trying to interpret it for years.<br/><br/>

The price of the stock or market will go up or down because people speculate based on the <b>news</b>(relates to stock, politics, economy and many more) or <b>technicals</b> that in future the price will go up or down. Nobody can anticipate the future however if many Investors thinks the same way the market move in that direction.<br/><br/>

One has to be more vigilant on the market news, and technically strong to catch such rallies.
Sunil

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