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Old 24th February 2018, 11:47 PM
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Default How entry, target & stop loss prices are calculated

I have always wondered what tools/techniques are used to determine a trade's entry, target & stop loss prices a day ahead? I have seen such trade tips/calls (never blindly follow them toughly) and few of them are almost accurate.
My question is - Which technical analysis tool/indicator is used to forecast tomorrow's price action? All indicators that I have come across works on a live trade (i.e., during actual trading time) but I am keen to know what is takes to make a list of stocks and decide on the entry/target prices a day ahead.

I mostly do intraday trades & would like to learn how to make a list of stocks that will move tomorrow & decide on the entry & target prices. Googled on this but mostly such projections positional. I would like to know what works for Intraday.

Need expert advice. Thanks.
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Old 12th October 2018, 04:35 AM
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Huge number of tools and indicators are present on the market which can be used for the prediction of next day price. You have to build a command on the candlestick patterns as they help a lot in this regard. Moreover, Fibonacci retracements are also better tools for prediction purposes. Thanks
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