nice going on ... just a bit of confusion ..
12 nov EOD level
AxisBank (System in sell mode below 608 S/L 618)
13 nov
Axisbank closed at 618.30 ..
but still that day eod level is
AxisBank (System in sell mode below 608 S/L 621)
Any specific rule you follow for this please ?
thanks
Hi!
Yes, this confused me when I started following it. But later following respective charts closely I came to conclusion that in case of high volatility or a congestion which often forms or try to form a trading range, this system tends to push back the S/L sometimes. This analysis gave me a sense that this system uses ROC mainly to generate the levels.
Whatever it is, the bottom line is it generates excellent levels for trading... I am watching it since 2009... started actively using it from 2015...
If you are trading in cash/fut and want to follow a stock, please let me know... I will post the level for it for you...
Hope this helps... glad to be of any further assistance.
Thank you.