Thread by @learnernirav

Thread on BTST/positional trading setup along with rules which is shared by #equity4life @Rishikesh_ADX sir
(1/n)

Time frame: DAILY
Indicator we used is ADX, RSI & EMA
ADX (13) & DMI (8) + must above 25
RSI must above 60
Stock must above 5 day EMA
Screener link:
chartink.com/screener/rishi…
NOTE: ADX SLOPE MUST BE UPWARD & price must be in higher high higher low in 60 min TF & 75 min TF
(2/n)

Rules:
1. Run this scanner at 3 pm
2. Choose stocks which have adx slope upside
3. Wait for 3.20 now choose those stocks which has strong closing (near day high)
4. Take entry at 3.20 to 3.25
5. Sell at 9.20AM a day after (or till u convinced)
(3/n)

example:
(4/n)

Trade which I took this week:
4th may btst Astrazen 3228 to 3295
5th may btst Coromandel 611 to 629
6th may btst Auropharma 655 to 666
7th may btst Reliance 1506 to 1540
(5/n)

This is short term setup through market is bearish I use this as btst otherwise You can scale it to 5 to 10% easily by trailing stop loss by 5 day EMA. I have some doubts when I made this scanner but
(6/n)

thanks to #equity4life @Rishikesh_ADX sir who help me to clear my doubts & teaching me & from last week I select stocks as per his teachings & see results is in front of u all
(7/n)

You can check all my entries & exit which I made if you have any doubts let me know. 'll happy to help u all.
Thank you
(8/8)