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Free Tool That Suggests Stocks Breaking Out of Support/Resistance – Live

live stock market recos
Free Tool That Suggests Stocks Breaking Out of Support/Resistance – Live
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This post will help newcomer/beginner/amateur traders who do not use screeners or tools like Amibroker, MetaTrader, etc.

The tool I am about to introduce you to will help you figure out trending stocks both on the way up or way down.

Also, you should use this tool n trending days. It will not work in a choppy market.

Step 1: Install TX3, a software published by Edelweiss Broking. After installation, you will have to enter your mobile number and Edelweiss will SMS you a code. Once you validate the software by entering the code, it will start functioning.

Here’s a screenshot:

free stock tips

Step 2: Click on Tools and select “Market Eye Live”( see screenshot above).

Step 3:

free stock market tips live

You will get a dropdown, and out there, you will have to select filters. Uncheck all filters EXCEPT

R1, R2, R3 Breakout on the Bullish side (R = Resistance)

and

S1, S2, S3 Breakout on the Bearish side (S = Support)

I’m writing this on a Sunday, and therefore you cannot see any stocks. In a live market you will get many stocks breaking out or breaking down, and throughout the day.

That’s all there is to it – BUT REMEMBER – the stocks that are thrown up will work on a trend day. These days the market is choppy and you will likely lose money if you follow these recos.

Be patient, and wait for trend days. You don’t have to trade daily, and you must stay on the sidelines in a choppy market.

Till the market is choppy, the suggestion is to paper trade and check the efficiency of the auto recommendations. Good luck.

 

 

3 Comments on "Free Tool That Suggests Stocks Breaking Out of Support/Resistance – Live"

  1. It was nice reading your blog. Marvelous work!. A blog is brilliantly written and provides all necessary information I really like this site.Very significant Information for us, I have think the representation of this Information is actually superb one. 

  2. VIKRAM SINGH | June 22, 2019 at 3:53 am | Reply

    DO we need to open account in edelweiss for using software or will work without opening account

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