dlf today's intraday range............
buying range :::: 204.75 - 206
selling range ::: 208 - 209.50/210.25
buy in buying range ,,,, stoploss is 203.25
happy trading
Dear Wizard Trader as per your video I noted down following data for 18, 19 & 20 Jul;
Date O H L C
18/07 203 206 200.3 205.9
%ch stock +0.17 +2.62 -1.11 +2.62
%ch nifty +0.04 +0.81 -0.37 +0.81
19/07 207.9 209.2 206.5 207.2
%ch stock +3.27 +0.53 -1.14 -0.65
%ch nifty +1.53 -0.06 -0.14 -0.11
20/07 206.45
%ch stock -1.05
%ch nifty -0.26
Lmin1= [(O+L+C)18/07 + (O+L+C) 19/07]/6 = 205.13
Lmin2= (Lmin1+ Op for 20/07)/2= (205.13+206.45)/2= 205.8
K= [(O+L+C) of %ch of stock on 18/07 & 19/07+ (O+L+C) of %ch of nifty on 18/07 & 19/07 + sum of %ch of stock & nifty Open on 20/07]/7
so K= 0.516%
P= K x Op of 20/07 = 0.516% x 206.45= 1.06
Anticipated Low value= Lmin 2+ P = 205.8+1.06= 206.86
Can you explain me where I have gone wrong?
Thanks and regards.
GS Negi