Some Scrip & A trading rle

Hi,
Well, there is no one who can predict the market right now. All are confused. When we think market may take correction of fall and negative news will come. We close 700 points down and next day +500. How you can trade?

The best method is stay intraday if you have courage to trade.

One thing I would like to share with you guys. I assume you have Amibroker and EOD data. If you have access to intraday then its fine. The method is below:-

Plot bar chart, then plot MACD, I use 13-34-8 periods, and in next panel insert ADX, I use 13 days rather then 14.

Please note that use this system with “A” grade shares only and I assume that you are not very short term trader/investor.

Look when adx is below both +DI and –DI. And moving up.
Look for long if MACD is in buy mode and +DI is greater then –DI
Opposite for Short.

This will protect you from too much trade. Right now you just explore. I will post in details with some past moves.

Now, let me check if there is anything for to-morrow.

BHARATFORG - The stock have break down neckline of H&S. If goes below 242, you can short for intraday. For carry short try to sell on pull back to neckline which is around 263-65.

BATAINDIA - Short below 140.75

MARUTI - Short only below 799.

ABB - Stock have closed below neckline. Ideal for shorting on pull backs.


Trade carefully guys.

Bye and Best of Luck

Kailash Pareek (Johnny)