There were no Good stocks using NR7 Yesterday, hence I didn't take any Intraday trades today.
Stocks for 27/08/20 Intraday
#TATASTEEL
#JSWSTEEL
#BPCL
#SUNPHARMA
#CIPLA
#UJJIVAN
#UPL
#AMBUJACEM
#AUROPHARMA
#BHARATFORG
Based on NR7, Volume and Volatility concepts
Late Results of the Day! 5/10 stocks gave tradeable moves
1/5: #CIPLA: PROFIT: +0.9R
Same Stuff as I posted in market hours:
-Price breaks resistance with strong candles and Volume: BUY
-Price shows weakness by wicks and Bearish candles with Volume: EXIT
2/5 : #AUROPHARMA : BREAKEVEN
Again, price reacted strongly at Support : Went LONG
Seeing weakness : EXIT
Details on chart
3/5 : #BPCL : PROFIT : +2.9R
Price Gapped up, filled it and formed Bullish structure in form of Tails and Strong Bullish candles with Volume: Closed my eyes and LONG
Exit : After seeing weakness in form of high Volume bearish closing candles
4/5 : #BHARATFORG : PROFIT : +2.3R
Interesting Moves on this
- Price couldn't move past Day high and hence I went short after Bearish confirmation.
- Had to close it due to Bullish price action
- Went Long again and booked profits
Details on Chart
5/5 : #SUNPHARMA : PROFIT : +1.2R
Similar to #BHARATFORG price could not move past day's high and gave Bearish confirmation.
Exited after Bullish candles started coming in
Kindly ❤️ / Retweet if it's Useful
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.