How To Find Trending Stocks & How To Trade Them
SETUP FOR LONG
In a Bullish trending stock, we will wait for one bearish candle whose preceding candle’s RSI(3) is above 80
Entry will be above high of the bearish candle.
SL will be below low of the bearish candle.
RSI(3) Value for Bearish candle doesn’t matter
Download above Chantink setting from clicking Button below
FOR SHORT SETUP
In a Bearish trending stock we will wait for one Bullish candle whose preceding candle’s RSI(3) is below 20
Entry will be below low of the Bullish candle.
SL will be above high of the Bullish candle
RSI(3) Value for Bullish candle doesn’t matter
Download above Chantink setting from clicking Button below
TARGET FOR THIS STRATEGY IS 1:2,1:3