Discover and read the best of Twitter Threads about #HINDPETRO

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#FakeParadise
#ReversalSetup

Before i share this setup, let me tell you this is not a easy setup to trade without deep understanding.

So let's discuss the setup and what does it mean!!

(1/n)
Rules For Sell

1. New 20 period high should have been made today.

2. Previous 20 period high should have been made minimum 3/4 days before.

3. Close above previous 20 day high or not is optional.

(2/n)
How to implement?

1. Once we get new 20 period high stock, on same day/ next day we place sell stoploss order few ticks below previous 20 period high.

2. Stoploss : few tick above Latest high

3. Target : 1:5 R:R achievable (trail stop after 1:2 R:R)

(3/n)
Read 27 tweets
16-05-2019
#daytrading
Entry-Name-Quantity-EntryPrice-SLPrice-ExitPrice
Buy-#axisbank-105-735.10-SL-725.60-TGT-745.00
Buy-BANKBARODA-769-109.65-SL-108.35-TGT-111.00
Buy-#bpcl-213-366.50-SL-361.80-TGT-371.40
Buy-#BHARTIARTL-274-336.65-SL-333.00-TGT-340.50
1/5
Buy-#HINDALCO-426-194.45-SL-192.10-TGT-196.90
Buy-#HINDPETRO-426-270.70-SL-268.35-TGT-273.20
Buy-#ICICIBank-235-384.55-SL-380.30-TGT-389.00
Buy-#INFY-167-725.10-SL-719.10-TGT-731.50
Buy-ITC-606-299.35-SL-297.70-TGT-301.10
Buy-#SBIN-303-317.55-SL-314.25-TGT-321.00
2/5
Buy-#TECHM-192-795.90-SL-790.70-TGT-801.50
Buy-#TITAN-227-1167.60-SL-1163.20-TGT-1172.60
Buy-#VEDL-513-163.15-SL-161.20-TGT-165.20

Short-#axisbank-105-716.20-SL-725.70-TGT-706.30
Short-BANKBARODA-769-107.05-SL-108.35-TGT-105.70
Short-#bpcl-213-357.10-SL-361.80-TGT-352.20
3/5
Read 9 tweets

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