Learning on weekend (28 and 29 Aug-2021)

 Hanging Man: 

1. It should be uptrend.

2. Length of stick is higher than body ( at least 2 times)

3. This is a BEARISH reversal, irrespective of color of the candle.

4. Market should open gap down.

Morning Star: 

This is a sign of uptrend bullish reversal pattern.

Hammer: Bullish candle 

Shooting Star: Bearish candle. 

Doji : Neutral candle 

Swing Trade: 2-10 days

1. Time frame : 1 Day

2. Stock selection on weekend. -> Choose only rising 44 SMA stocks

3. Entry : Green candle near 44 moving average.

4. Stop Loss : Lower of two candle 

How to trade:

Quantity : Total Risk you can take / ( Difference of Entry and SL )

Target : Entry + ( Difference of Entry and SL ) * 2

Phases in treading:

1. Trended : 9:15 - 11:00

2. Sideways: 11:00 - 2:00

3. Trended: 2:00 - 3:30

BankNifty - Option strategy by Ghanshyam Yadav sir.

For Red: Buy

1. Find one big candle ( bigger than last 20-25 candles)

2. Next candle should close above the low of big candle.

3. Trade if next candle breaks the low of big candle. ASAP (in next 3 candles)

4. SL should be low of candle which was used to pick the trade.

For Green: Sell

1. Find one big candle ( bigger than last 20-25 candles)

2. Next candle should close below the high of big candle.

3. Trade if next candle breaks the high of big candle. ASAP (in next 3 candles)

4. SL should be high of candle which was used to pick the trade.

Note: 

1. If market falls for 3 consecutive day before expiry day for around 1500 points.

-> Market opens gap down -> One move of at lease 250 points in up will take place.

And Vice Versa...