Trading NR7 setup

[nk_5]

Maruti, Bajaj Auto and HCL also in NR7 today
TCS is an NR4

HCL Tech and TCS flying in trade today.

 

[rkkarnani]

Maruti, Bajaj Auto and HCL also in NR7 today
TCS is an NR4

TCS is on a big upmove ever since it gave NR21 on 2 consecutive days, now its NR4 on 2 consecutive days.

 

[angira]

SBIN nice upmove

angira...

 

[Biswajit Das]

There are many NR7 stocks found everyday. Some of them go in favor and some of will go against. Trade wisely and cautiously with other indicators.

 

[rkkarnani]

There are many NR7 stocks found everyday. Some of them go in favor and some of will go against. Trade wisely and cautiously with other indicators.

Biswajit, What other Indicators do you suggest to use?

 

[angira]

gm all,

today NR7 in...

INFY :- pH - 2368.9, pL - 2350 [ >NR21 ]
Icicibank :- pH - 1165.15, pL - 1143.8
Hindalco :- pH - 104.15, pL - 102.6

angira...

 

[drsambu123]

Nifty also in NR7
PH 6084.75 PL 6040.45

 

[nk_5]

gm all,

today NR7 in...

INFY :- pH - 2368.9, pL - 2350 [ >NR21 ]
Icicibank :- pH - 1165.15, pL - 1143.8
Hindalco :- pH - 104.15, pL - 102.6

angira...

i was thrown in trade today with TechM and Kotak Bank.
Both were NR7's, and did cross their lows, but bounced back in trade.
ahhh very bad day at the markets

 

[angira]

i was thrown in trade today with TechM and Kotak Bank.
Both were NR7's, and did cross their lows, but bounced back in trade.
ahhh very bad day at the markets

In TechM have you set target price and stoploss or not ?

angira...

 

[nk_5]

In TechM have you set target price and stoploss or not ?

angira...

I went short below its previous day's low and was doing ok for most part of the first half, the second half just blew me off...i generally trade with a strict stop loss, yes this is probably not something suggested by the NR7 setup, but im more of an intraday trader.