Trading NR7 setup

[rkkarnani]

Sir, I am talking about Inside Bars and not Narrow Range.
When we talk about 7 Inside Bars, the Pattern is that Open/High/Low/Close of a Scrip remains within Open/High/Low/Close of Day1 for minimum next 6 Days (from Day 2 to Day 7).
Similarly When we talk about 10 Inside Bars, the Pattern is that Open/High/Low/Close of a Scrip remains within Open/High/Low/Close of Day1 for minimum next 10 Days (from Day 2 to Day 11).
Kindly help me.

Karan Mehta

Okay Karan, Well then I have the same responce that I gave in the iT forum to your similar query!!

Share it whenever you get it!!!
Though personally feel that there would hardly be any stock making such a 'formation'!! You may get narrowest range of previous 10 bars but to 10 consecutive inside bars!!! Its a tall order!!
You may get it in intraday small time frame charts, but EOD!!! Well........

If you have an Explorer for ID/NR4 then "maybe" the parameters can be suitably changed to make it ID/NR10

May be AW10 can throw some light on this aspect!!

 

[AW10]

Karan - I think, u need to revisit the basic foundation of what u are looking at.
your current question is open for mis-interpretation.
1) are you looking at 1 really long bar, that came 7 days back and then for next 7 days, prices remained in that range. In this case remaining bars need not be exactly Inside bars
2) One Long bar and then next 7 bars inside the previous bars.

Based on what u want, answer will differ.
As mentioned by RKK, if u are looking for (2) pt above, then it is remote chance that u will get 7 Inside days coming one after another.. I was looking for frequencey of 2 inside days in sequence on Nifty.. and it is almost 1 occurance in 10months.

If you are looking for (1) then also it will be difficult to find good frequence.. Just scan thru charts and see how many times u have see extreamely large bar and then next 7 bars in that range. Such large bars are made due to strong trend.. and that trend will not wait for next 7 days..

Plz revisit your expectations and repost the question (preferably with an example).
Happy Trading

 

[nimish_rulz]

Karan - I think, u need to revisit the basic foundation of what u are looking at.
your current question is open for mis-interpretation.
1) are you looking at 1 really long bar, that came 7 days back and then for next 7 days, prices remained in that range. In this case remaining bars need not be exactly Inside bars
2) One Long bar and then next 7 bars inside the previous bars.

Based on what u want, answer will differ.
As mentioned by RKK, if u are looking for (2) pt above, then it is remote chance that u will get 7 Inside days coming one after another.. I was looking for frequencey of 2 inside days in sequence on Nifty.. and it is almost 1 occurance in 10months.

If you are looking for (1) then also it will be difficult to find good frequence.. Just scan thru charts and see how many times u have see extreamely large bar and then next 7 bars in that range. Such large bars are made due to strong trend.. and that trend will not wait for next 7 days..

Plz revisit your expectations and repost the question (preferably with an example).
Happy Trading

Do you feel we are in for a bear rolllover tomorrow?

 

[AW10]

Looking at global cues, most likely we are heading for red day tomorrow. But if there is big gap down, then it is quite possible that we might hold the new low.

With all -ive news making to headlines, media will start fueling the down move.
I have been in bearish camp for quite some time.. So while holding on to positional shorts. My swing trades based on Hammer of last friday might get stopped out tomorrow. Lets see. Will watch for next signal before opening new short or long positions.

Happy Trading.

 

[Karanm]

Karan - I think, u need to revisit the basic foundation of what u are looking at.
your current question is open for mis-interpretation.
1) are you looking at 1 really long bar, that came 7 days back and then for next 7 days, prices remained in that range. In this case remaining bars need not be exactly Inside bars
2) One Long bar and then next 7 bars inside the previous bars.

Based on what u want, answer will differ.
As mentioned by RKK, if u are looking for (2) pt above, then it is remote chance that u will get 7 Inside days coming one after another.. I was looking for frequencey of 2 inside days in sequence on Nifty.. and it is almost 1 occurance in 10months.

If you are looking for (1) then also it will be difficult to find good frequence.. Just scan thru charts and see how many times u have see extreamely large bar and then next 7 bars in that range. Such large bars are made due to strong trend.. and that trend will not wait for next 7 days..

Plz revisit your expectations and repost the question (preferably with an example).
Happy Trading

Day 1 Long Price Bar is made and after that for next minimum 7 Days High/Low of Price Bars remains within High/Low of Day 1 Price Bar. For example kindly Check Asian Paint, Blue Bird(I) & DB Corp (in these Scrips 3 Inside Bars are made) for today.
I am in search of some Explorer which can Scan Scrips with 7 or more Inside Bars.
Kindly help me.

 

[AW10]

Out of 3 stocks that u have given, Asian paints has shown case (2) i.e. 2 inside bars in continuation. whereas others have been within the range of 4th previous bar..

If I have to handle it, I will count the bars backward.. Calling today bar as bar 1 or 0, yesterday's bar as 1, day before yestarday's bar as 2 and so on.

I may not be able to give u metastock explorer for this. but can attempt to give u logic, if u want. They u will have to program it and share the result here.

Alternatively u can try asking this question in Metastock related forums.

Happy Trading

 

[Karanm]

Out of 3 stocks that u have given, Asian paints has shown case (2) i.e. 2 inside bars in continuation. whereas others have been within the range of 4th previous bar..

If I have to handle it, I will count the bars backward.. Calling today bar as bar 1 or 0, yesterday's bar as 1, day before yestarday's bar as 2 and so on.

I may not be able to give u metastock explorer for this. but can attempt to give u logic, if u want. They u will have to program it and share the result here.

Alternatively u can try asking this question in Metastock related forums.

Happy Trading

I will love to share the result with every member but I will clear one thing - I am not capable of Programming, so I can just put my best efforts to Program with your Logic, Thanks

 

[rkkarnani]

NR7 Bars formed today (5 Feb 2010)
1 Month = Near month futures

- CNX BANK INDEX - 1 MONTH
- NSE50 - 1 MONTH
-MINIFTY - 1 MONTH
ABB
ABB - 1 MONTH
ALSTOM PROJECTS INDIA - 1 MONTH
BALRAMPUR CHINI MILLS - 1 MONTH
BEL - 1 MONTH
CHAMBAL FERTILIZERS - 1 MONTH
CIPLA LTD
DLF - 1 MONTH
ESSAR OIL - 1 MONTH
FSL - 1 MONTH
GRASIM 1 MONTH
GRASIM INDS
HDFC BANK
HDFC BANK - 1 MONTH
HINDZINC - 1 MONTH
ICICI BANK
ICICI BANK - 1 MONTH
INDIAN BANK - 1 MONTH
ISPATIND - 1 MONTH
KOTAK MAHINDRA BANK - 1 MONTH
MRPL - 1 MONTH
NATL ALUM - 1 MONTH
ORIENTAL BANK - 1 MONTH
PANTALOON RETAIL (I) - 1 MONTH
PATNI COMPUTER SYST - 1 MONTH
POLARIS - 1 MONTH
PUNJAB NATIONAL BANK
RELIANCE POWER LTD
RELMEDIA - 1 MONTH
SAIL - 1 MONTH
SCI - 1 MONTH
SHREE RENUKA SUGARS - 1 MONTH
SIEMENS - 1 MONTH
SINTEX - 1 MONTH
STERLITE INDS (I)
SYNDICATE BANK - 1 MONTH
TATA STEEL
TATA STEEL - 1 MONTH
TATACOMM - 1 MONTH
TCS
TCS - 1 MONTH
TV-18 - 1 MONTH
UNITED SPIRITS - 1 MONTH
VOLTAS - 1 MONTH
WIPRO - 1 MONTH
WIPRO LTD

 

[rohangawale]

Sorry Friends for non posting of NR7 stocks on regular basis due to some personal reasons.
if possible will atleast post the stocks in simple format if not in regular format.
highly apologize for that.

 

[rohangawale]

NR7 Stock Triggered on 8th Feb:

[B]STOCK		HIGH		LOW[/B]
IDEA		58		56.2