Yesterday we started our stock scanning with our favorite TTTB Trading System. We tried to find out a low risk entry, not chasing momentum stocks, but stocks that is oversold in the longer term. So we tried to find out a stock that has broken peak as well as whose KRA line is at much lower level.
After we found within our list for about 15 minutes we traced a scrip Godrej Properties (NSE code: GODREJPROP) where we found that peak has been broken as well as the KRA line is turning from the lower level. What is very important that the KRA line is also touching the volume bars denoting the oversold situation of the scrip.
So as per the current setup GODREJPROP can be long at CMP of 246.15 or near the peak value of 242 with an SL of the trough value of 221.50 and it is a hold till the trough gets broken or the KRA moves to top.
TTTB Trading System (also known as T3B Trading System) is recently formulated by us in the Amibroker platform and it can be used to find blasting stocks on end of day charts. This system is mainly meant for swing trading in EOD charts and the system consists of proper entry and exit rules.
TTTB Trading System (or T3B Trading System) is a highly accurate trading system. To know more about TTTB Trading System on Amibroker please visit here.
Indrajit is a professional blogger and trading system developer. Amibroker expert, WordPress expert, SEO expert and stock market analyst.Trading since 2002, he has started the journey of StockManiacs.net on 2008. He follows Indian and world stock markets closely.