iCharts Discussions

[rsnagesh]

OPEN - LOW FACTOR.: If Opening Price and Low Price of any Stock Or Indices has been kept with same price including that of decimal point
soon after the market opens in any particular day after the 20 minutes of Opening of trades can be recognised as OPEN-LOW FACTOR for the day. When this factor has been framed after the market opens in any specific Stock Or in any of the Indices, The price will move upward direction only. So, One has to go long in that specific stock or Index preferably nearer to the low price and book profit as and when the target has been met. One can recognise the targeted price based on the volatality factor of the specific stock or the index and so on. One can keep the stop loss as the low price of the stock or the indices for going long in any stock / indices. Suppose if the low price has been broken out one has to cut their long position immediately after the violation of the price and should take short position soon after the low price get violated . Here, the trader can keep the violated low price as upward stop loss. Here, Ones the low factor get violated the price of the stock or index will drastically come down by applying maximum volatality factor over the downside front.

OPEN-HIGH FACTOR.: If Opening price and the High Price of any Stock or Indices has been kept with a same price including that of the decimal point soon after the market opens in any particular day after the 20 minutes of opening of trades can be recognised as OPEN-HIGH FACTOR for the day. The moment the factor has been framed the stock price / the index will go down drastically. So, One Can go Short selling of the specific stock / indices by keeping the high price as stop loss. Here also One can apply the volatality factor for the downside target for the specific stock / indices. The individual Volatality factor has been available both in NSE and BSE Websites. Here the percentage of volatality can be applied downward either with the previous day's closing price or with the High price of that specific day for arriving the downward target of the stock / indices. At same time, When a High price is getting violated, one has to cut their short position immediately and should take long position by keeping the violated high price as stop loss. Whenever the violation is happening stock price / Indices will end up with double end volatality.


As far as recognising the target price is concerned, Pl visit the nse website home page and point the cursor to the sub-page of F & O section and choose products option and then double click the following.:

(1)" FUTURES ON INDIVIDUAL SECURITIES" and then
(2) " 190 Securities " sub-pages when this page get opens, you will find
the volatality factor of all the F & O scrips.

Here, you have to double click the stock of your choice to find out the individual stock's volatality factor. Volatality factor of the specific stock has been given on the bottom of the web page. The volatality has been highlighted as maximum , minimum, and average in terms of percentages. So, If someone wants to book minimum profit at very frequent intervals one has to choose the minimum percentage and it should be applied either with the previous days closing price of the stock or with the " Open - Low " or with the "Open High Factor " prices.

I hope now traders might have followed the above strategy, how the targeted price can be met in and how a trader can book profit in a very smart way!

Wishing all the traders a very happy trading days ahead by interpreting this method.

NOTE.: The above factor will work only in the normal course of trading days only. At the same time, It never works whenever a positive or negative news item or any rumour will appear through any media would change the direction of the individual stock / indices price movement in an opposite direction.

A STRATEGY BY R.S. NAGESH

[babubm]

dear nagesh
can you give some more explanation on target price calculation .

[bruce lee]

Sir,
OPEN-LOW-HIGH FACTOR is not very clear. Please give some 2/3 e.g to clarify.
Thanks,
Kotwani

[girishhu1]

hi,

can anyone throw some light on calculating target price as at present nse s website is not giving max, min, avg volatility?
regards
girish