MuthiahM
Short

MyAlgo : xMRSI-Progresser: Intraday : 27Sep-HEROMOTOCO-Short

NSE:HEROMOTOCO   HERO MOTOCORP LTD
Based on my "xMRSI-Progresser" predictive trading methodologies, its going to be a RED candle on 27-Sep-2018 for HEROMOTOCO

Sell Below(5Min candle close): 3092.3 for targets -
T1: 3069.1
T2: 3055.2
T3: 3040.7
SL: 3117

Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
Sep 27
Trade active
Sep 27
Comment: Went little close to the target. Made a low of 3075 so far. Since the time left for today's session is less, its better to exit at 3080-85 levels.
Sep 27
Trade closed manually: Trade auto-closed at 3081. It made a low of 3075 for the day.
Sep 27
Comment: All targets achieved today, probably if I could have converted it as STBT then it would have been even more profitable.

Comments

Don't you think 5 min candle close shall be very aggressive and risky strategy.
Reply
MuthiahM AbhishekHSinghCMT
@AbhishekHSinghCMT, Hi, thanks for checking.
I have been using 5 min candles only for intraday for a very long time, so most of my strategies are based on the 5 min candle ohlc values only. And this strategy also uses the same principal, so i am sticking with 5 min candle, and it has given me enough success and helped me to remove many false calls, but still there are failures as well.
5 min interval usage is not a fool proof method, but has just given me good success rate and i am comfortable with that.
+2 Reply
@MuthiahM, Cheers!
Reply
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