Saturday, May 23, 2020

Raghav's Picks Trading Range Indicator

Most of the time, a stock or an Index trades between and around x,y & z


Whenever the price crosses above all 3, a correction sets in sooner than later and vice versa when the prices go below all 3.

This technique has been back-tested for the last 7000+ trading days [since January 1991] with consistent accuracy.

During periods of sustained rallies and extended corrections - the 3 variables - x,y&z stood as signposts for probable price levels.

When the stock or index manages to hold itself above all 3, keep the trailing stop loss at the highest of the 3 variables - x,y & z.

Similarly, when the price is below all 3, the variable immediately above acts as a Resistance for the index.

This technique is slightly finer than BollingerBands and can be calculated on the EOD data using a simple spreadsheet.

It can be used on any liquid stock, index, or future with at least 21 days of EODdata.Please find below the Charts & Levels for the SENSEX, NIFTY, BHARTIARTL &  TITAN for 26th May 2020.

 

Date

26-May-20

Z

30466

Low

30474.88

SENSEX

30672.59

X

30751.8

Y

31058.3

High

31107.91

 

 

Date

26-May-20

Z

8966.7

Low

8968.55

NIFTY

9039.25

X

9052.5

Y

9140.7

High

9149.6

 

Date

26-May-20

Low

587

Z

587

X

592.5

NSE: BHARTIARTL

593.2

High

597.4

Y

604.6

 

Date

26-May-20

Z

833.5

Low

837.9

X

847.8

NSE: TITAN

849.65

High

855.95

Y

856.7

 

If you would like to use the Trading Range Indicator for a Stock of your choice, please reply to this email.

 

--

By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at http://www.raghavs-picks.com/disclaimer.JPG 

 

Sent from Mail for Windows 10

 

 

 

 

 

 

 

Subscribe via email

Enter your email address:

Delivered by FeedBurner