Open=High & Open=Low Strategy for Intraday Trading

Today, we are going to share a very popular strategy especially designed for intraday traders. Yes, it is open = high and open = low strategy. In this strategy, buy is generated when the Low price of the stock is same as the Open price. This indicates the stock is bullish and the price could not survive at lower levels so we will buy the stock with the Stoploss 10 paisa below the Low price of the day. Simultaneously, sell is generated when the High price of the stock is same as the Open price. This indicates the stock is bearish for the day and price started falling as soon as the day started. The stoploss for our sell here shall be 10 paisa above the High price of the day. There are lot of websites on the google that shows you open=high and open=low stocks as soon as the market opens. The best time to take entry for these

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Trend line, How to draw it….

There is no perfect way to draw them and it seems that no one can agree on the best way. That’s because everyone has their own unique way of drawing them. What is the purpose of drawing trend lines? The purpose of drawing trend lines is to identify where possible reversals will take place. They can also signal that a change in trend may occur. In a uptrend, draw the line along the lowest points in the trend without letting the line cross through prices. You need at least two touches of the trend line. That is the proper way to draw a trend line. You can see how the stock found support near the line after we got a least two touches. That would have been a great opportunity to establish a position in the stock. You can see in this chart of NIFTY, that there was a trend line break but it did not result in a change of trend. Just because

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Trade Nifty and Banknifty using Bollinger Band and MACD.

Hello Traders, Today i am going to share with you all one of my trading strategy using only Bollinger Band and MACD. It is a very basic,simple and easy but an effective strategy. Whenever MACD is above zero line and it should be bullish divergence be vigilant on buying. Now next thing to note is Bollinger Band, it should expand and candle should close above Upper Bollinger Band that is a perfect long entry. Lets see 1 Example. In above chart please see boxed area.As soon as MACD crossed 0 line and BB started expanding their is no stopping till bearish MACD divergence. Trade can also be taken if you find bullish divergence  below 0 line but in that case you will not get big target,aim for target till it touches Upper BB then exit. BB always works as support and resistance and this strategy is like range breakout strategy. Just look for just opposite setup for Shorting,here is the

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