Guys, In this post we try to share a short-term trading strategy which works well and can create enormous wealth in short term.

Grap some of the BestSellers from Amazon

Strategy

  1. Look at the companies trading near 52 weeks high
  2. Check for a breakout.
  3. Stay invested till the prices are soaring.
  4. Market cap of the company should be more than 1000 cr.

Now let me give you an example of a breakout. ( All the charts are on a daily time frame.)

SHORT TERM TRADING STRATEGY PIDILITE SHORT TERM TRADING STRATEGY TATAELEXI SHORT TERM TRADING STRATEGY IBVENTURES

SHORT TERM TRADING STRATEGY JUBLIFOOD

How to calculate the target price?

There are multiple ways of calculating target price. I prefer Fibonacci retracement of 0.5% with increasing volumes.  You can look at increasing volumes (use OBV indicator) in the scrip. If the weekly volume is fading down then the scrip is on verge of a correction and you need to book profits.

Spread the love