ramanarvind

Long: Stochastic Crossover in a non-trending security

Long
ramanarvind Updated   
BSE:AXISBANK   AXIS BANK LTD.
From Swing Trading for Dummies using the following strategy
  1. Identify whether a trading range exists by using ADX (preferably below 20)
  2. Wait for %K to enter the overbought or oversold territory.
  3. Buy the security when %K crosses up through %D and above the oversold zone.
  4. Exit after stochastics reaches the opposite zone. Alternatively, you can exit after a return target is achieved or a certain number of days have passed.
Trade active:
Bought at 1084.3
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