Intraday Trading Strategy is very difficult to prepare as it takes a lot of time and effort to create Intraday Trading Strategy. In this video, i have shared my new Intraday Trading Strategy by using Bollinger Bands and Stochastic RSI. During my testing, I observed that it was 90% successful.
One of the best things about this new strategy is that it helped me to separate fake breakouts. The Bollinger Bands i.e. Upper Band, Middle Band, and Lower Band helped me to find out the support and resistance level.
Under this strategy, you need to find out the trend of the stock with the help of a Bollinger Band. After that, you can check whether any of the band of the band is acting as a support or resistance for the stock. Finally, Stochastic RSI will help to take buy or sell decision.
A buy signal is generated when any of the band is acting as Support and the fast & slow line of Stochastic RSI cross 20 level. A sell signal is generated if any of the band is acting as resistance and the fast & slow line of Stochastic RSI cross 80 level.
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