Thread by @Pathik_Trader

#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)

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)

PERFECT EXAMPLE BELOW

ICICIBANK 16-4-2019

Another example

NIFTY FUT 16-4-2019

Apply this setup in below list of stocks

RELIANCE
HDFC
HDFCBANK
ICICIBANK
AXISBANK
KOTAKBANK
SBIN
YESBANK
TATASTEEL
VEDL
HINDALCO
TCS
INFY
TECHM
TITAN
HINDUNILVR
BPCL
HINDPETRO
UPL
SUNPHARMA
AUROPHARMA
M&M
MARUTI

As per Open drive system today INDUSIND BANK IS SELL @ 1531.5 stoploss 1544

As per Open drive RELIANCE IS VALID SETUP SELL BELOW 15 MINUTES CANDLE LOW STOPLOSS 1341.

RELIANCE SELL TRIGGERED AT 1326 IN LESS THAN 10 MINUTES LOW 1318.

All you need to do is manage your stoploss now.

#motabhai

1326 to 1309

17 points gone

Now trading near support 2. Aggresive trail or book gains.

All we need is one good trade.

#Motabhai ka to "M" kat gaya.😥😥😥

https://twitter.com/Pathik_Trader/status/1130323812996636673?s=19

#opendrive
#RBLBANK

ENTRY BELOW FIRST 15 MINUTES LOW
(663.8)

Low 657

One good trade.

#TradeLessTradeQuality