My trading rules:
1. Enter at 9:30
2. Choose one of the volatile stocks.
3. Use 20MA, 50MA, 200MA
4. Now, wait to see a strong change in volume, a strong pattern of candle cutting the MA values.
5. This is valid only if you have seen that pattern in the past or it is following any MA lines.
Source: economics times.
Trading strategy.
I will look for up move as 200MA (purple line) showing upward trend.
Candle 1 and 2 prove that the 20MA (red) line is a resistance.
Candle 3 breaks the resistance and we can enter for trade.
Candle 4 takes the support of 20 MA
We can stay in trade till it goes below 20 MA or exit at taking the profit on 1 basis point(---->).
Let me know your views on this strategy. Thanks
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