Using the Moving Averages and RSI to optimize buying process

In this chart I have explained my rationale using Moving averages, relative strength and RSI to initiate a buy on this scrip.

I always use a weekly chart to check for overall trend and analysis and based on it will initiate a buy on a Daily chart.

Explanations are given on the chart. The idea is get the maximum conditions in our favour for a profitable trade. Hope it will be helpful.

Another important thing is to always define a stop loss if the trade does not go according to plan.