Question about bottom fishing?

can anyone help me finding the stocks which are trading in downtrend or in sideways trend.
i want to find stocks so that i can do some bottom fishing for good stocks with value in it.
is there any strategy that can help me in bottom fishing?
can anyone share with me their own such strategy?

It is risky trade. If you understand fundamentals well and hold for longer period then you can try it.

It is not for trading but for investment on longer time frame. If stock has fallen there must be some reason for it. You can always look at stocks coming out of consolidation, moving up from 52 week lows. You can apply EMA crossovers on weekly or monthly Charts.

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U can look for d stocks which have breached all the time frame supertrends (prefer 10,3) viz, daily, weekly and monthly… Shall provide eg in next post maybe… :wink:
Now as its sell mode in monthly supertrend, it must b facing toughest time in the year. Look for turnarounds whenever it gives buy signal on daily supertrend…

Look at d screenshots of sun pharma…
Sell mode in all 3 tfs… Daily, weekly as well as monthly…
Now if u see daily tf, macd has shown positive crossover…
Supertrend buy signal is at 671 odd… I wud take chance and enter at around 675 and hold for tgt of atleast 10%… As Pharma is going through rough times and hence this is visible in these charts…
Parabolic sar cud b useful in setting sl in case price breaches supertrend buy doesn’t achieve 10% tgt… Let see if this opportunity comes in future… I repost :smile:
Monthly tf…

Weekly tf…

Daily tf…

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Better to be a trend follower trader, imo