Lately I have been trading and observing certain chart pattern which I felt has a really good risk:reward ratio. So I thought why not to share it with everyone along with chart of few stocks and possible explanation.
Here is a thread ๐งต for the same...
Last 2 ๐ are my fav๐
Here is a thread ๐งต for the same...
Last 2 ๐ are my fav๐
Basic concept of this strategy is to find a stock which has given a run away gap up follow through with significant volumes, and then its correcting with low volumes toward filling the gap. Entry triggers at the gap fill level (+/- 0.5% tweaking as per one's will)...
Cont....
SL can be kept as per one's risk appetite, however, as per my observation and limited experience, no more than 5% SL would be required with a target of minimum 10% to 20 within short term.
Disclaimer: The strategy would work most efficiently in an up trend market.
SL can be kept as per one's risk appetite, however, as per my observation and limited experience, no more than 5% SL would be required with a target of minimum 10% to 20 within short term.
Disclaimer: The strategy would work most efficiently in an up trend market.
C2: #Fineorganics
Potential ~20% returns in 11-12 sessions
Potential ~20% returns in 11-12 sessions
C3: #LICI
Potential ~15% returns in ~15 sessions
Potential ~15% returns in ~15 sessions
C4: #BLSInternational
Potential ~18% returns in 12 sessions
Potential ~18% returns in 12 sessions
C5: #Finopaymentsbank
Potential ~14% returns in 9-10 sessions
Potential ~14% returns in 9-10 sessions
C6: #Nazara
Potential ~37% returns in 6 sessions and ~45% returns in ~30 sessions after first entry triggered
Potential ~37% returns in 6 sessions and ~45% returns in ~30 sessions after first entry triggered
C7: #Triveniturbine
Potential ~30% returns in 19 sessions and potential ~65% returns in 40 sessions after first entry triggered.
Potential ~30% returns in 19 sessions and potential ~65% returns in 40 sessions after first entry triggered.
End of thread.
Do, like, comment and share the thread of found fruitful. ๐๐
Do, like, comment and share the thread of found fruitful. ๐๐
Loading suggestions...