Market Data

Monday, June 8, 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, DRREDDY,BERGEPAINT,INFY & LT for 8th June 2020:

Date 08-Jun-20
Z 33898.9
Low 33958.02
X 34216.9
SENSEX 34287.24
Y 34401.4
High 34405.43

Date 08-Jun-20
Z 3953.4
Low 3992.3
X 4022.4
Y 4032.3
High 4050

Date 08-Jun-20
Z 501.6
Low 502.9
X 508.8
High 512.5
Y 519.7


Date 08-Jun-20
Z 698
Low 700.6
NSE:INFY 703.55
X 705.3
Y 711
High 711.7

Date 08-Jun-20
Low 936.6
Z 940.1
X 950.6
NSE:LT 955.25
High 959.9
Y 966.9

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



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