Amit_Ghosh

Bear Market Strategy: Bottom Fishing on Gap Down - Example II

Education
NSE:MARUTI   MARUTI SUZUKI IND
But, in the case of Maruti , We are not taking a contradictory bet.

This our basic uptrend trade. Although the targets are drawn using price action. The first target is where the gap fill. The second target is the highest point of the range of the previous day’s sideways trend! We can also draw the targets based on our trailing stop loss method that we have discussed earlier in Bounce.
Comment:
In this method, The trailing stop loss didn’t hit. So, We have to close near 15:00 to avoid automatic square off from the broker and its subsequent charges!
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Comments

sir how you find this pattern in live market. Do you have any scanner for it ?
Reply
Amit_Ghosh kumarmanishvai
@kumarmanishvai, You will find it today also. Markets fell but crude fell too. Crude falling is good for Auto stocks. Keep eye today.
Reply
kumarmanishvai Amit_Ghosh
@Amit_Ghosh, thanks for reply
I want to ask you that you have any scaneer for it and how to create it
Reply
Amit_Ghosh kumarmanishvai
@kumarmanishvai, You can not make scanner actually because of the chaos of the pattern. Follow a heatmap like... https://unofficed.com/heatmap/
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