FIRST HOUR TRICK ( PRACTICAL EXAMPLE ) I have taken AMAR RAJA - TopicsExpress



          

FIRST HOUR TRICK ( PRACTICAL EXAMPLE ) I have taken AMAR RAJA BATTERIES So todays Data is taken ie HIGH 412.5 , LOW 404.90 & VOLUME 52045 We derieve at MidPoint ie (412.5+404.9)/2 = 408.7 We derieve at Hourly Average Volume ie 52045 /6= 8674 We derieve at Stoploss ie 408.7 - 1% ie 408.7 - 4.08 = 404.62 ( 404.60 ) We derieve at Target ie (412.5-408.7)+ Previous days high ie 412.5 = 416.30 The Above calculation is for Buy...do the same Viceversa for SELL. So tomorrow we watch this scrip for INTRADAY First we check if current price is above 408.70 then next we check if total volume of tomorrow is above average volume These 2 preferred to be checked when first hour is nearing to an end...i prefer 10.27am to 10.30am All the BEST .... ...........SAIRAM
Posted on: Mon, 21 Apr 2014 10:35:17 +0000

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