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ramanarvind
Mar 17, 2024 2:45 PM

Long: Stochastic Crossover in a non-trending security Long

AXIS BANK LTD.BSE

Description

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
Comments
vanathi
Hi,

Welcome to the TradingView community. Good work on your first analysis. This will give more perspective
about publishing ideas. in.tradingview.com/support/solutions/43000603748-how-to-post-awesome-ideas-and-get-lots-of-likes/

regards,
Vanathi
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