💲Initially from the stock market, 10,000 income of Rs. 🎯 Know the right strategy.

✅Select the first share.  

Further, you have selected the share of "Steel Authority of India" whose current price is Rs.112.55. Date-18-11-2024
❓Now the question is whether to buy shares immediately after the election?
The answer is never.❎
That means the share price may increase or decrease after you buy it. So what to see? Because share prices are always going up➕ and down➖. 

When I chose a share to Purchase, I must follow this important point given below.

1. Share fundamental analysis, 
2. Technical Chart Analysis, 
3. Find Trend,
4. Candlestick Pattern & Chart Pattern,
5. Price, Find support and resistance,
6. Volume, Moving Average and RSI,
7. Entry Point/Purchase Share, 
8. Set Stop-Loss, 
9.  Part Invest,
10.  Exit Point/Sale/Book Profit 

Note in the chart –

This is a bullish reversal pattern that forms after a downtrend.
It consists of a large bearish candle, followed by a small bullish candle within the range of the first candle. The word "Harami" means "pregnant" in Japanese, and this pattern gets its name because the second candlestick is short and usually lies within the body of the first candlestick, like a pregnant woman. The first candle, which is usually bearish, shows that the sellers are in control of the market. The second candle, which is short and bullish, indicates that buyers are starting to enter the market. One of the main advantages of this pattern is that it provides a clear entry point for traders. When a small bullish candle is formed, traders can enter a long position with a stop loss below the first candle. This way, they can limit their risk and potentially ride new uptrends for a profitable trade.

It resembles a Black Gravestone or an inverted hammer, with a long upper shadow and a slight lower shadow. The body is usually red or black, indicating a bearish feeling. In a bullish market, the black Gravestone candlestick indicates a possible reversal from an uptrend.

This could be an indication of traders exiting their long positions. On the other hand, in a bearish market, the inverted hammer candlestick is often seen as a bullish signal. 💯This indicates that sellers are losing their grip and buyers are starting to enter the market. This can be an indicator for traders to buy or hold their long positions.

This candle looks like an inverted hammer or tombstone, hence the name. The small size of the candle indicates that the market has opened and closed at small levels, suggesting indecision among traders.
This could be a sign of a potential upside in the market.
Now, there are some key features to look for when identifying the white tombstone/inverted hammer candlestick.
First, the size of the shadow should be at least twice the size of the body.
This indicates a strong rejection of higher prices.
Second, the colour of the candlestick is important.
A white tombstone/inverted hammer candlestick is considered more reliable when it appears after a downtrend, signaling a potential reversal.

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Trading Positions

On 29-10-2024 , First Entry Point 112 x 1000=1,12,000/-

On 07-11-2024, First Exit Point 124 x 1000=1,24,000/-

Profit 10,000/- Plus during 10 days.💯

Disclaimer
This article is solely meant to be instructive. Investment advice is not what it is. A registered financial advisor should always be consulted before making any investing decisions.