Some doubts :
How much move is VALID GAP ? It need to be in terms of percentage and not points for obvious reasons.
SBI makes a low of 2426.60 today. Minimum at what opening level would be say that its a Gap down opening?
It may open at 2424 or 2420 !
Would such a down move enough for OOPS? Or say we quantify it at ~0.5% or Rs.12 in case of SBI or 0.33% : ~Rs.8/- ?
For smaller time frame say 30 minutes, do we take the last 30 minutes bar's low to determine a Gap next day at open or it has to be the days low?
ESL is defined, any easy suggestion on TSL ?
How do we find out among so many stocks that a stock has opened with a Gap Up/down ? Do we limit our trades to a limited number of stocks and track their opening manually?
or or there a way by which we can get an Alert for a Gap opened stock... maybe Moneycontrol or similar site has some system to Alert when particular level of Stock is breached, but can it be changed to Alert in case of a OPEN at Particular price or lower or higher in case of Gap up!
These are somethings that came to mind instantly !
How much move is VALID GAP ? It need to be in terms of percentage and not points for obvious reasons.
SBI makes a low of 2426.60 today. Minimum at what opening level would be say that its a Gap down opening?
It may open at 2424 or 2420 !
Would such a down move enough for OOPS? Or say we quantify it at ~0.5% or Rs.12 in case of SBI or 0.33% : ~Rs.8/- ?
For smaller time frame say 30 minutes, do we take the last 30 minutes bar's low to determine a Gap next day at open or it has to be the days low?
ESL is defined, any easy suggestion on TSL ?
How do we find out among so many stocks that a stock has opened with a Gap Up/down ? Do we limit our trades to a limited number of stocks and track their opening manually?
or or there a way by which we can get an Alert for a Gap opened stock... maybe Moneycontrol or similar site has some system to Alert when particular level of Stock is breached, but can it be changed to Alert in case of a OPEN at Particular price or lower or higher in case of Gap up!
These are somethings that came to mind instantly !