Reversal Swing Trading Strategies With Live Example on COALINDIA. How to Trade In Stock Market with Example.
How to trade a stock in stock market with proper risk to reward ratio? How to develop a Best Swing Trading Strategies? How to select a stock for swing trading? How to make watchlist for swing trading? How to make money from stock market regularly? (meet me on Fiverr Click here) etc. These types of questions were puzzled me couple of years ago. I searched in google, YouTube everywhere. I realized that I have to make my own setup for trading because setup of other people would not work for me. Therefore, you have to understand that you can only try to learn swing trading in a conservative way from my setup or trade examples (Click here for example of Swing Trading on HINDPETRO) and create your setup with your favourite indicators. I am sharing a video of my reversal swing trading on COALINDIA as it will be discussed with you in this article. Join our WhatsApp Group for free & share your view and suggestion.
Click here for 'Recent Trend of Global & Indian Stock Market'
Swing Trading Strategy with Live Prove: -
Dear friends, hope you have watched the above video of my live swing trading. It is called reversal trading. But the video language is in "Bengali" and I know the difficulties you have faced to understand the same. Here I am explaining the same with my technical analysis where you will find some ideas which would definitely assist you in your trading. Join our WhatsApp Group for free & share your view and suggestion.
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Entry on 20th October 2020: -
You can see on the above chart, COALINDIA was falling since last months continuously but in the month of October, MACD made divergence with price i.e. Bullish Divergence. Bullish Divergence is the key point of Reversal Trading, I had selected this stock to trade based on this condition. Join our WhatsApp Group for free & share your view and suggestion.
Click here for 'Recent Trend of Global & Indian Stock Market'
- Price had come to Rs. 110/- appx. from Rs. 150/- appx. just in one month.
- MACD-Histogram showed Bullish Divergence against Price.
- EMA still showed strong Down Trend but we would not considered EMA's message during Reversal Trading.
- I have enter on 20th October 2020 while price bar start to make higher high and higher low, expecting to touch the nearest resistance of Rs. 120/- appx.
- I also placed stop loss below nearest support line.
- Join our WhatsApp Group for free & share your view and suggestion.
First Target Hit on 10.11.2020:-
Here you will find some interesting facts regarding stop loss and targeted exit. Just look at the chart carefully.
Price started to rise just after my entry on 20.10.2020. One should book profit if he / she had taken trade on the basis of BTST strategy. I had taken this trade based on reversal strategy that is why I preferred to wait for my target. You can see that price started to decline after three day's up move.
This is the situation when trade goes against you, but here you don't have to do anything except wait for hitting your stop loss or to resume uptrend. My stop loss was below the support line and not hit by the price. Price again started to rise as expected and reached near my target.
I booked my profit on 10.11.2020. But I did not leave it as my final target was yet to achieve. Therefore I continuously followed this stock and made another profit which is discussed below.
Click here for 'Recent Trend of Global & Indian Stock Market'
Decision change on 17.11.2020: -
Coalindia became overbought as indicators suggest during 10th November to 17th November, 2020. You may find overbought signal with the help of MACD, STOCHASTIC, RSI etc. indicators. Please do confirm it by just going to any charting website or your broker platform and open coalindia chart for this period with your favourite indicators, you would find overbought signal there.
But I did not remove coalindia from my watchlist as it was in new uptrend and pull back to value setup would work here as per my analysis. Therefore, I wait and watched it regularly to find another trade.
Re-enter after 24.11.2020: -
Here you can see a nice PULL BACK TO VALUE setup and a good risk to reward ratio to trade again after 24th November 2020.
I had taken trade after 24th November based on Pull Back Strategy where my target was near about 140/- to 150/- and that was my final target for coalindia. I placed stop loss below support line as showed in the above picture.
Final Exit on 16.12.2020: -
Look at the below picture where you would find that my Pull Back Setup worked perfectly and I was able to book profit at my target zone i.e. 140/- to 150/-
Here again on 16th December, 2020 Coalindia became overbought again as my indicator suggested.
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