STRATEGY FOR INTRADAY/DAY TRADING
RANGE BREAKOUT STRATEGY
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1) First find a stock which moved only in a extremely narrow range after 10 or 10:30am during the day on 15 min timeframe.
2) Draw a rectangle covering all HIGHs and LOWs (as shown in this example)
3) Entry for Buy will be Upper Lvl of box with SL as Lower Lvl
& Entry for SELL will be Lower Lvl of box with SL as Upper Lvl
4) Target can be decided based on Support/Resistance Levels
5) This strategy has given me 95% accuracy on 40 trades in 5 trading sessions.
Try and learn.
You can also look at volumes for BTST calls
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1) First find a stock which moved only in a extremely narrow range after 10 or 10:30am during the day on 15 min timeframe.
2) Draw a rectangle covering all HIGHs and LOWs (as shown in this example)
3) Entry for Buy will be Upper Lvl of box with SL as Lower Lvl
& Entry for SELL will be Lower Lvl of box with SL as Upper Lvl
4) Target can be decided based on Support/Resistance Levels
5) This strategy has given me 95% accuracy on 40 trades in 5 trading sessions.
Try and learn.
You can also look at volumes for BTST calls
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