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#OpenDrive
#intradaySetup
Sharing one high probability trending setup for intraday.
Few conditions needs to be met
1. Opening should be above/below previous day high/low for buy/sell setup.
2. Open=low (for buy)
Open=high (for sell)
(1/n)
#intradaySetup
Sharing one high probability trending setup for intraday.
Few conditions needs to be met
1. Opening should be above/below previous day high/low for buy/sell setup.
2. Open=low (for buy)
Open=high (for sell)
(1/n)
How to implement?
1. Let first 15 minutes candle give close.
2. Buy above 15 minutes candle high / sell below 15 minutes candle low.
3. Stoploss should be 0.3-0.4 below support (for buy)/above resistance (for sell)
4. Exit as per Pivot points (trail stops after R2/S2).
(2/n)
1. Let first 15 minutes candle give close.
2. Buy above 15 minutes candle high / sell below 15 minutes candle low.
3. Stoploss should be 0.3-0.4 below support (for buy)/above resistance (for sell)
4. Exit as per Pivot points (trail stops after R2/S2).
(2/n)
PERFECT EXAMPLE BELOW
ICICIBANK 16-4-2019
ICICIBANK 16-4-2019
#MoneyFlowIndex:
In this thread will try and cover What is Money Flow Index & how to read the Money Flow Index and It's importance in Stock Investing - I repeat it's Investing Only.
Will explain the concept and post few examples.
Retweet is your Choice and not compulsion.
In this thread will try and cover What is Money Flow Index & how to read the Money Flow Index and It's importance in Stock Investing - I repeat it's Investing Only.
Will explain the concept and post few examples.
Retweet is your Choice and not compulsion.
MFI is an oscillator used to calculate the movement of money i.e., Over Bought or Over Sold Situations.
It has a range of 0 to 100.
Where below 20 being considered as Over Sold Zone and Above 80 being considered as Over Bought Situation.
It has a range of 0 to 100.
Where below 20 being considered as Over Sold Zone and Above 80 being considered as Over Bought Situation.
When Price Of a Stock Moves Up, but Money Flow keeps coming downwards, it indicates that the smart money is exiting or the rise is price will not sustain - hence as an investor one should look at capitalising by exiting on rally.
