How to Identify Trend in Stock Market: 5 Points to Find Trend
Swimming in the water against the wave will not make it difficult for you to swim across successfully, but there is a risk of drowning if the stream of water is high and you are not able to swim. Similar rules are also applicable when you trade in the stock market. Yes, if you are playing against the market trend in the stock market, then it would be not only difficult to make a profit but you might also incur a loss if you are playing intraday trading . However, for long-term investment, you can choose any stock anytime buy at the current levels and wait for years to get a return. You can pick such stocks even against the trend because minor ups and downs don’t matter for the stock bought for long-term investments. For intraday trading, you will need to plan your trading strategy according to the market trend. If your decision is not right while selecting the stock according to the trend your trading strategy will fail making your trading jo...