Market Data

Sunday, June 28, 2020

Raghav's Picks Trading Range Indicator(s) for 29-Jun-2020

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, ITC &  AMBUJACEM for 29th June 2020.


Date 29-Jun-20
Z 34735
Low 34910.34
X 35112.2
SENSEX 35171.27
High 35254.88
Y 35347.7

Date 29-Jun-20
Z 10262.6
Low 10311.25
X 10368
NIFTY 10383
High 10409.85
Y 10441.6

Date 29-Jun-20
Z 190.4
Low 193.3
NSE:ITC 195.2
X 199.3
Y 202.5
High 209.4

Date 29-Jun-20
Z 186
Low 186.15
X 187.6
High 188.7
Y 192.8

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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