Trading NR7 setup

[rohangawale]

another NR7 day wiht 40points range
last 10 days range:

14-Jan	40
13-Jan	70
12-Jan	100
11-Jan	60
8-Jan	42
7-Jan	58
6-Jan	51
5-Jan	46
4-Jan	71
31-Dec	53
30-Dec	37

 

[rohangawale]

NR7 Stocks Triggered on 13th Jan:

[B]STOCK		HIGH		LOW
GAIL		427		421.1**[/B]
RANBAXY		517.50		507.60
TATA POWER	1498.8		1475.6

**= 2NR7

NR7 Stock Close on 14th Jan:

		[B]13-Jan			14-Jan		
STOCK		HIGH	LOW		Close	Day Range	Trigger[/B]
GAIL		427	421.1		429.5	7.7	Up Break
RANBAXY		517.50	507.60		516.05	6.15	No Breakout
TATA POWER	1498.8	1475.6		1,455   59.25	Down Break

 

[AW10]

NR7 Stock Close on 14th Jan:

		[B]13-Jan			14-Jan		
STOCK		HIGH	LOW		Close	Day Range	Trigger[/B]
GAIL		427	421.1		429.5	7.7	Up Break
RANBAXY		517.50	507.60		516.05	6.15	No Breakout
TATA POWER	1498.8	1475.6		1,455   59.25	Down Break

Though GAIL looks like that it has given a UP breakout today after 2NR7 days, it has something to watch about. Day before yesterday range was 434 to 426, and yesterday range was 427 to 421. That means, the no action/ indecision zone is between 434 to 421. With a close at 429 today, it is not out of this zone yet.. so I wouldn't call it UP breakout yet. It came down from high of 434 and has not convincingly crossed that level yet, so calling it upbreak from trading perspective is anything but predicting the upbreak. (There is nothing wrong with Rohan's scan, but we need to keep bigger picture in mind as well and interpret the output of software/excel in right perspective). I would rather wait for this 2 days range to break.

Happy Trading

 

[MurAtt]

But 12th was 100 pts range .. then?
How is this termed as NR7 ... have I forgotten all what I learnt earlier

Also I on Spot its Inside day (maybe a miss by 1-2 pts .. maybe .. (not getting much time nowadays and not updating AMI etc so precision missing).

another NR7 day wiht 40points range
last 10 days range:

14-Jan	40
13-Jan	70
12-Jan	100
11-Jan	60
8-Jan	42
7-Jan	58
6-Jan	51
5-Jan	46
4-Jan	71
31-Dec	53
30-Dec	37

 

[rohangawale]

But 12th was 100 pts range .. then?
How is this termed as NR7 ... have I forgotten all what I learnt earlier

Also I on Spot its Inside day (maybe a miss by 1-2 pts .. maybe .. (not getting much time nowadays and not updating AMI etc so precision missing).

SM bhai i have just mentioned last few days range. all mentioned ranges are not NR7 days.
today is nr7 day and all prev days range if u see are more than todays range and thats y todays day is NR7 day.

 

[MurAtt]

Ah gotchta .... I was nowadays more with like - 1 Wide Ranging Bar resets the counter for the NR ... try that out .. gives better results ...

 

[AW10]

Ah gotchta .... I was nowadays more with like - 1 Wide Ranging Bar resets the counter for the NR ... try that out .. gives better results ...

That's interesting SM. I am never tried that option i.e. reseting the day count to 0.
Have always followed the standard definition i.e NR7 = today range is smallest of last 7 entries including today.

IMO, 1 wide day does not change the message of contraction today and expansion tomorrow. Going by your approach, today might be NR2. Generally I don't look at NR count < 4.. so I would have ignored today as per your appraoch.

Will be interested to know any your observations / any findings etc. If you have any link to read more on this then let me know.

Happy Trading

 

[MurAtt]

AW10

Not done any such research or backtest etc ... like i said .. i am not getting much time and re the reset of the counter .. that just came into my mind and I stopped following the usual way we follow NRs ... did not even check ... you know .. just changed over to this newer way of looking at the NRs ...

Also not trading the market .. following market just so that I can either stay invested or exit (my LT portfolio) ...

Busy elsewhere ...

 

[rohangawale]

NR7 Stocks Triggered on 14 Jan:

[B]STOCK		HIGH		LOW[/B]
NIFTY		5272.85		5232.5
BPCL		637.9		623.1
BHARTI AIRTEL	322.60		317.20
CIPLA		345		340
GRASIM		2889		2830.1
HEROHONDA	1643.3		1615.2
HINDALCO	172.9		169.5
IDFC		163.35		160.75
NTPC		232.7		230
[B]RANBAXY		520.9		514.75**[/B]
SAIL		244.5		240
TATA MOTORS	792.3		779.55
TATA STEEL	651.2		641.55

** = 2NR7

 

[Sunil]

Post of 5-Jan EOD:

4th consecutive NR-4 day today!!!!!!!!!!

Infact, it's NR-550+ (in terms of absolute value or % to open price)

ALL TIME LOWEST

Action replay today... :spaz:
Again NR-550+ is seen in NF today
NR-14 in nifty Spot (if we consider only the actual trading range)

I-HnS on NSpot 5 min, NL 527x. If breaks 5280 and maintains then 80 pts move, tgt would be 536x

Head is at 5170, SM bhai...
phir toh ideal target = 5370

let's see tomorrow new Baby Bull or not... (a rare Annular solar eclipse day for South India, and starts at around 1:15pm IST EU open time)

also, a potential double top formed in 30min chart at 5274 with trough at 5244.
If breaks 5244, then ideal target of 5214

Well, little maths also helping here.
5277-79 is Classical R1 as well as R4 as per Camarilla
5245 is Classical S1 as well as S4 as per Camarilla


Lots of promise for tomorrow -

lekin jo bhi, yeh na ho: ray

NR expert Sunil (sir ) -

Kitne NR the,
Paanch, huzzor
Paanch aur phir bhi breakout nahi hua
Bahut na-insaafi hai

:rofl:

:cheers: