Market Data

Sunday, August 9, 2020

Raghav's Picks Trading Range Indicator(s) for 10-08-2020

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 EOD data.

Please find below the Charts & Levels for the SENSEX, M&MFIN &  TECHM [All Spot Levels] for 10th August 2020:

Date 10-Aug-20
Z 37697.7
Low 37787.38
X 37979.2
SENSEX 38040.57
High 38109.68
Y 38157

Date 10-Aug-20
Z 129.3
Low 134.35
Y 135.3
NSE:M&MFIN 135.35
X 135.9
High 138.1

Date 10-Aug-20
Z 648.7
Low 654.4
X 661.6
NSE:TECHM 662.45
Y 665.5
High 668

If you would like to use the Trading Range Indicator for a Stock of your choice, please email or whatsapp on / 9619924566.



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