Indian Oil | Intraday Short | Strategy | 01-Hour basis |
#IOC @ 72.25
This is an interesting study of #IOC chart on 1-hour basis:
- Period : MAY 2020 (12 trading days)
- Observe behaviour of candles in GREY and YELLOW
- On any GREY candle - the high point of one-hour remains higher for the entire day
- So an intraday SELL strategy can be initiated for a gain of maximum average of 2-3 points daily
- For protection a small SL can be placed upon higher level of 1st candle
- SL to be based on one's own capital (it can be 0.25 or 0.50)
- If you see YELLOW candle, this is the only day when TREND reversed
- But there is a SUCCESS on all other 11-days
Jai Hind!!
This is an interesting study of #IOC chart on 1-hour basis:
- Period : MAY 2020 (12 trading days)
- Observe behaviour of candles in GREY and YELLOW
- On any GREY candle - the high point of one-hour remains higher for the entire day
- So an intraday SELL strategy can be initiated for a gain of maximum average of 2-3 points daily
- For protection a small SL can be placed upon higher level of 1st candle
- SL to be based on one's own capital (it can be 0.25 or 0.50)
- If you see YELLOW candle, this is the only day when TREND reversed
- But there is a SUCCESS on all other 11-days
Jai Hind!!
Dagangan ditutup secara manual
- Entire sector is in the limelight after a news on BPCL - Last week's higher highs pattern along with breakout led to a change in the trend.
- So positional trade can be on review
Sectoral tailwind
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.