Intraday Trading Strategy using Modified 52 Week High & Low

As a Team, Market Secrets is growing big and strong. Proof for that is visible on the ground, as lot of our fellow members are customizing our strategies to suite their style of trading. One such customization of 52 Week High Low Strategy is presented here. All the credit for this strategy including documentation goes to Pradeep, one of the dedicated members of Market Secrets.


Modified 52 Week High Low strategy by Pradeep

Rules:-
1. If stock is filtered for 52 week High then you will SELL the stock.
2. If stock is filtered for 52 week Low then you will BUY the stock.

SELLING RULES:-
 Timeframe is 15 min chart type is candlestick.
 SELL the stock at the LOW of first 15 min candle.
 Stop loss will be HIGH of first 15 min candle.
 Target will be 1% and you can trail the stop loss till 5% moment.
 If stock never reaches LOW of first 15 min candle IGNORE script DON’T TRADE.

BUYING RULES:-
 Timeframe is 15 min chart type is candlestick.
 BUY the stock at the HIGH of first 15 min candle.
 Stop loss will be LOW of first 15 min candle.
 Target will be 1% and you can trail the stop loss till 5% moment.
 If stock never reaches HIGH of first 15 min candle IGNORE script DON’T TRADE.

Sample trades from 27th April 2018. Stocks filtered are:-
ASHOKLEY (SELL):- Gave profit.
BALRAMCHIN (BUY):- Gave profit.
HINDPETRO (BUY):- Gave profit.
INFRATEL (BUY):- Gave profit.
JSWSTEEL (SELL):- Gave profit.
M&M (SELL):- NOT Executed.
M&MFIN (Sell):- Gave LOSS.
PCJEWELLERS (BUY):- NOT Executed.
RNAVAL (BUY):- Gave LOSS.
SRF (SELL):- NOT Executed.
TATAELXSI (SELL):- Gave Profit.
TCS (SELL):- Gave profit.

SELLING Stock example:-

BUYING Stock example:-