Everyone uses RSI, Bollinger Bands, Stochastics, MACD, EMA, SMA etc. etc.
I know someone who uses a strange "technical" indicator which very few use.
The way he uses it is almost unique but very effective.
This gentleman doesn't trade nifty.
He is a short to medium term technical delivery-based trader.
He has a very simple way of when to buy and when to sell stocks.
For this, he uses ONLY ONE indicator!
"Nifty!!!"
When this "technical indicator NIFTY" stops falling and starts to reverse he buys his favourite trading stocks that have fallen a lot!
Once he has bought these, he never bothers about "Overbought" or "Moving Average Divergence" or any other traditional indicator!
All he carefully follows is "Nifty"
He never sells the stocks till the nifty starts to fall.
This he takes as the "sell signal" and sells all stocks he is holding.
Then he waits till his "favourite technical indicator NIFTY" gives a "buy signal".
This way he has been consistently beating the market since he started trading!
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