Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Intraday Swing Trading Example in Nifty

52 sec read


 

The Traders Action Zone (TAZ) is a buy and sell zone on a chart that swing traders can use to identify possible reversals in a stock.This is just simply  "area" that we look at to see if a stock that is in a strong uptrend, after pulling back to this area, will likely reverse.

 
T-30 Pattern
 
The name T-30 refers to a "tail" that slices down through the "30" period exponential moving average. This looks like a hammer candlestickpattern on the chart but it doesn't have to be a perfect hammer to be considered a T-30. Also, the color of the real body is not important. This tail on the chart flushes other traders out of the stock.
 
When you are trading any kind of tail or hammer pattern, always look for volume to be higher than the previous day. This suggests that many traders were shaken out and demand is picking up.
 
Entry Point
 
If you are able to trade during the day then buy the stock on the day of the hammer (tail) near the end of the day. i.e near 4100 is the Entry point in case of our the picture
shown above
 
Stop Loss
 
Put your stop under the low of the hammer.
 
Profit
 
Intrday Nifty profit 4160-4100 = 60pts =Rs 60×50/Lot =Rs3000/Lot
Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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