Swing trading is such a strategy in which you can now plan a big target with a small stop loss, but to do swing trading you have to hold it for 1 month, 2 months or 3 months. Swing trading is such a strategy in which You will always be profitable because we buy any stock at a very low price and sell it at a very high price, due to which even if we have a stop loss, it is small but if there is profit in it. If it is very big then today we will know about simple swing trading strategies. My name is Abhishek Sharma. I welcome you all to my website mrfshare.com.
1) Swing trading strategies
In swing trading, you will find many strategies in the market, but the strategy that we are going to talk about is so simple and good that anyone can learn it very easily, just by doing it again and again, you will get a The name of this strategy is Rsi Divergence swing trading. Those who do not know Rsi, let me tell them. RSI is an indicator which tells the relative index. With the help of this strategy, we have to catch the divergence in Rsi. This divergence is found in most of the stocks. When everyone is selling it, Divergence is formed across the 30/40 line in Rsi and from the place where it turns into an Rsi Divergence in swing trading, let's see some examples.
2) Rsi swing trading strategies
This is a stock in which Rsi Divergence is made. The name of this stock is Tata Consultancy. In this Rsi Divergence is made on one day time frame in the month of November. Let me tell you how this Rsi Divergence is made. So as you know about this stock. You must be watching the price, in the month of November its price was gradually going downwards whereas if you pay attention to the Rsi then it is going upwards, this is what we call bullish Rsi Divergence. If we call this Divergence If you look everywhere, it will not work or empty, it works mostly on the line of 40 and on the line of 30. If it forms Rsi Divergence near the 30 and 40 lines, then it is called bullish Rsi Divergence. If it is above the If any divergence is created at that point when it reaches above the 60 line and near 90, then we call it bearish Rsi Divergence.
Fundamentals stock are good, you should buy this stock.
3) How to find swing trading stoploss and target?
If you are doing swing trading in stock then always keep in mind that it is not intraday, hence whenever you want to buy any stock, you should hold it for about two to two and a half months, if it does not give your stoploss then as I told. You have to keep your stop loss just below the level on which Rsi Divergence is being formed. You can keep it below only two-three rupees because sometimes after going down a little, it comes up again and the target is one or two. The first top of the stock in a month will be his target and he will also get the 42week high of the stock as your target. In a few months you can hold the stock till then. Is it a game of patience here or is it an intraday game? It is not a game that will make you money in a day or two.
4) How to find swing trading stock?
If you want to find swing trading stock, then for that you will have to first go to the website of charting.com and enter complete details about whatever indicator is there, keep doing the same as I am telling you.
After going to the website of Charting.com, you will see a plus icon, you have to click on it, after that you have to write the Rasi indicator that you need.
In which you have to search Rsi indicator and then click on it. One day time frame will also have to be set.
After this, you have to select here to see that the RSI indicator should be above the level of 30, should be in the middle or should be below, then you can select the option which I have selected, for now I have kept it greater than. Is.
After that I have entered the number of Rsi at which place I want C, so currently I have kept it at 30. If you want, you can keep it at 20 or even at 40. You can keep it at the place where you get diversion and always You will see the ODI time frame on the side, you will have to set it as well.
After this you have to click on the running scan, after that you will find many such stocks in which Rsi Divergence will be made, but among them, you should buy only those stocks which have good fundamentals and are profitable, because those stocks are not profitable and good. Even if Rsi Divergence is formed, it does not sustain, hence do some analysis only after that enter any trade. At present, you should buy any stock in cash and not in intraday.
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