Technical Long Strategy

Technical Long Strategy 1) When you want to go long for short term you need to check for following points before going long. 2) RSI is very important - 1 hour, 2 hour and 3 hour all RSI above 60 3) Breakout on Candle stick chart is required (may be 1 hour, 2 hour or 3 hour) 4) Price action on positive side - Stock on radar -

5) Volume action shall be good 6) Stock should be above 50 SMA (Either on 1 hour, 2 hour or 3 hour candle stick chart) 7) Stay with sector which is doing well (Right now Gold Loan Companies) 8) Your trade will give good results if Nifty bias for the week is positive). This you can check by checking Sentiments for the week/Nifty Trend) 9) Strick Stop loss you need to follow - Risk reward minimum 1:2 and preferably 1:3 Thank you, Technofunda24