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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



5,561 thoughts on “How To Find Trending Stocks & How To Trade Them

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