As we can see, using chart analysis tools like trendlines and channels we can predict the upcoming movement of a stock to some extent. Similarly using technical analysis indicators too we can predict the upcoming movement of a stock to some extent.
But if you have to do it manually by viewing trendlines and indicators on graphs, you may hardly be able to look a handful of stocks in a day. However if you buy/build a software which can check the same criteria, then you may check all the stocks present in stock market in just few seconds using high computing powers. By doing so you may find the best stocks to trade at that moment.
There are many websites and software's which are already doing the same for you. For example by using some screener web sites, you may quickly find all the stocks where RSI is below some threshold, or moving averages are crossing.
Now a days most of the brokers like Zerodha/Angel/Upstox are also providing API's using which you can build your own softwares to do such activities. These API's are not just limited to screening the shares, they also provides facility to automatically place orders in your account based on your selection criteria.
But if you have to do it manually by viewing trendlines and indicators on graphs, you may hardly be able to look a handful of stocks in a day. However if you buy/build a software which can check the same criteria, then you may check all the stocks present in stock market in just few seconds using high computing powers. By doing so you may find the best stocks to trade at that moment.
There are many websites and software's which are already doing the same for you. For example by using some screener web sites, you may quickly find all the stocks where RSI is below some threshold, or moving averages are crossing.
Now a days most of the brokers like Zerodha/Angel/Upstox are also providing API's using which you can build your own softwares to do such activities. These API's are not just limited to screening the shares, they also provides facility to automatically place orders in your account based on your selection criteria.