Rule :1
If the high price of the entire week is achieved on Friday, expect higher prices next week.
Rule 2
If the low price of the entire week is achieved on Friday, expect a much lower price next week.
Rule 3
In a highly uptrending market weekly low's is achieved on Tuesday
Rule 4
If the market is in a strong downtrend (if the main trend is down), the weekly highs are generally achieved on Wednesday.
Rule 5
When the price crosses the high of the last four weeks, it's an advance indication of higher prices.
Rule 6
When the price breached the low of the last four weeks, it's an advance indication of lower prices.
Rule 7
In an up-trending market if the prices break the 30 DMA & remain below it at last for 2 consecutive days, it tells us of a much more great correction (vice-versa).
Rule 8
If the market rises for 5 consecutive days, there is a high probability that correction will be last for 3 days. (Ratio is 5:3).
Rule 9
When the price starts rising from a particular level, Rs.100 or 100% rise whichever is earlier becomes a strong resistance.
Rule 10
When price crosses the high of the last 3 days it tells us about much more higher prices on the 4th day. (Traders can buy it on the 4th day and place a SL order Rs. 3 below the last 3 days high) (vice-versa).
Rule 11
If the subsequent correction is greater than the previous correction both in terms of price & time magnitude, this is an advance indication that trend is changing.
Rule 12
50% of the last highest-selling Price is the strong support area. Any stock which is trading below this 50% level is not useful for investment.
Rule 13
If a price is rising for 9 consecutive days at a stretch, then there is highly probable for a correction for 5 consecutive days. (Ratio is 9:5)
Rule 14
Don't ignore a double bottom & triple bottom signal on a monthly chart, after a minimum gap of 6 months. ( advance indication for the midterm investment)
Rule 15
Don't ignore a double top & triple top signal on a monthly chart, after a minimum gap of 6 months. (Not the right place for investment/entry, the price may fall)
Pl, note that these rules are only guidelines and must be coupled with other indicators to arrive at a correct conclusion and you can definitely get best tips for share trading here.