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Open High Low Same Trading Strategy For Indian Stock Market

Open High Low Same

The open high low same strategy is quite popular among Indian stock traders. In fact I am watching this strategy for 6-7 years now and this is a really easy to follow strategy for even novice traders. This strategy works well in all liquid scrips but I suggest you to follow only Nifty 50 stocks with this strategy.

Advantage Of Open High Low Same Trading Strategy:

  • Easy to use
  • No need of prolonged analysis
  • Just follow the market for few minutes and you get the scrips for the day

How to find a BUY scrip with open high low same strategy?

  1. Collect opening rates for Nifty-50 stocks
  2. Find the scrips with open = low and they are your your BUY scrips
  3. Enter the trade after 15-30 minutes of trade if the opening low is not breached
  4. Keep a stop few ticks below the opening low
  5. Keep a 1.5% to 2% profit target intraday basis
  6. Do not carry forward the trade overnight

How to find a SHORT SELL scrip with open high low same strategy?

  1. Collect opening rates for Nifty-50 stocks
  2. Find the scrips with open = high and they are your your SHORT SELL scrips
  3. Enter the trade after 15-30 minutes of trade if the opening high is not breached
  4. Keep a stop few ticks above the opening high
  5. Keep a 1.5% to 2% profit target intraday basis
  6. Do not carry forward the trade overnight

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