ANOTHER EXAMPLE OF A STOCK ACHIEVING THE TARGET AS PER MY STRICT RULE BASED STRATEGY:

1.STOCK TRADING ABOVE 20,50,200 EMAs

2.GAP WIDENING BETWEEN EMAs

3.BREAKOUT(BO) CANDLE BODY = 10% (MUST BE >= 5%)

4.UPPER WICK -10.7% OF THE BODY (10-12% MAX ACCEPTABLE)

5.CONSOLIDATION BEFORE BO

6.CCI = 297.45 (MUST BE >= 200)

7.RSI = 71 (MUST BE >= 70)

8.RISK:REWARD = 1:1.6 (A LITTLE RISKY.I WOULD PREFER ATLEAST 1:2)

9.RELATIVELY STRONGER THAN NIFTY (THE RELATIVE STRENGTH AND MOMENTUM WITH RESPECT TO NIFTY IS INCREASING)

BETWEEN 15 OCT -4 NOV WHEN NIFTY FELL BY 4.8% , THIS STOCK REMAIN UNMOVED (LITERALLY 0%,WHICH SHOWED IT'S STRENGTH)

10.NOTICE ONCE THE PRICE WENT BELOW THE STOPLOSS ( LOW OF THE BO CANDLE) ,BUT DID NOT CLOSE.THAT'S WHY I USE CLOSING STOP LOSSES.

11.HORIZONTAL TRENDLINE BREAKOUT (I DONT TRADE ON FALLING RESISTANCE BREAKOUT)

12.NO OVERHEAD RESISTANCE.

13.INCREASING REVENUE,PROFITS,AND DII INCREASED THEIR STAKE BY 2.5% (I JUST CHECK THE FUNDAMENTALS TO INCREASE MY CONVICTION)

THE STOCK IS SHAILY ENG PLASTICS.
THE STOCK ALMOST KISSED THE TARGET TODAY
(TODAY'S HIGH 1322,TARGET 1340)
THE STOCK MET ALL MY REQUIREMENTS AND I HAD LOT OF CONVICTION.UNFORTUNATELY,MY BROKERAGE PLATFORM DID NOT HAVE MTF FACILITY FOR THIS PARTICULAR STOCK.(I USUALLY TRADE USING MTF)

SO WHAT I DO WHEN MTF IS NOT OFFERED?
I KEEP THE PARTICULAR STOCK IN MY WATCHLIST AND TEST WHETHER MY STRATEGY IS WORKING ACCORDING TO ITS ACCURACY (80-85%)

I HAVE ATTACHED THE TRADING VIEW SCREENSHOT OF THE STOCK BELOW AND STRIKE PLATFORM'S RELATIVE ROTATION GRAPH (WHICH INDICATES STRENGTH AND MOMENTUM OF A STOCK WITH RESPECT TO NIFTY) BELOW.

DISCLAIMER:IAM NOT A SEBI REGISTERED RESEARCH ANALYST.THIS IS NOT A BUY/SELL RECOMMENDATION.THE STOCK AND THE STRATEGY DISCUSSED HERE IS ONLY FOR EDUCATIONAL PURPOSE.

THANK YOU.