Titan :- Swing Trade
Lesson-1
Strategy Name- Super Trend Strategy
Scan:- Price cross above super trend (weekly & Daily). RSI is greater than 60 (Weekly).
Logic:-
When the weekly super trend turns to buy and RSI is above 60, stock is likely to be in trend. Its best to enter at retracement, however stop loss to be kept at the super trend level (close).
Sometimes its too big stop loss, so enter with low quantity. But when i did back test, if the reversal is from the bottom, then this trend last for years. But in this case, TITAN is already trading at the top. So after you enter, keep stop loss.
Target:
As per Fibb Retracement in the Chart.
Strategy Name- Super Trend Strategy
Scan:- Price cross above super trend (weekly & Daily). RSI is greater than 60 (Weekly).
Logic:-
When the weekly super trend turns to buy and RSI is above 60, stock is likely to be in trend. Its best to enter at retracement, however stop loss to be kept at the super trend level (close).
Sometimes its too big stop loss, so enter with low quantity. But when i did back test, if the reversal is from the bottom, then this trend last for years. But in this case, TITAN is already trading at the top. So after you enter, keep stop loss.
Target:
As per Fibb Retracement in the Chart.
Note
Comment here, what other stocks give this signal in this week. (15/09/24)Note
Comment here, What stock did you get this week in the scanner..!! Its surprising..!
This trend is going to last at least 2-3 Years...!!
Note
Chartink Scan as below:
Weekly supertrend (7,3) crossed below weekly close
Weekly Rsi(14) Greater than number (60)
Use filters for Futures or Nifty 500.. (Don't invest in small CAP).
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