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    Fibmicro 181

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    tummalaajaybabu
    The document contains a series of numbers that appear to represent price levels for a stock traded on an hourly timeframe. The respondent provides guidance on how to use the numbers to identify potential support and resistance levels for intraday trading. Specifically, it is recommended to take the difference between two consecutive numbers and divide it into thirds to obtain new trading levels, which can then be used as targets for opening positions or exiting existing ones. Subdividing the range between numbers into three parts provides a more granular set of price points to track the stock's movement during the trading day.

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    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd

    Fibmicro 181

    Uploaded by

    tummalaajaybabu
    28 views5 pages
    The document contains a series of numbers that appear to represent price levels for a stock traded on an hourly timeframe. The respondent provides guidance on how to use the numbers to identify potential support and resistance levels for intraday trading. Specifically, it is recommended to take the difference between two consecutive numbers and divide it into thirds to obtain new trading levels, which can then be used as targets for opening positions or exiting existing ones. Subdividing the range between numbers into three parts provides a more granular set of price points to track the stock's movement during the trading day.

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    fibmicro_181

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    © © All Rights Reserved

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    The document contains a series of numbers that appear to represent price levels for a stock traded on an hourly timeframe. The respondent provides guidance on how to use the numbers to identify potential support and resistance levels for intraday trading. Specifically, it is recommended to take the difference between two consecutive numbers and divide it into thirds to obtain new trading levels, which can then be used as targets for opening positions or exiting existing ones. Subdividing the range between numbers into three parts provides a more granular set of price points to track the stock's movement during the trading day.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    28 views5 pages

    Fibmicro 181

    Uploaded by

    tummalaajaybabu
    The document contains a series of numbers that appear to represent price levels for a stock traded on an hourly timeframe. The respondent provides guidance on how to use the numbers to identify potential support and resistance levels for intraday trading. Specifically, it is recommended to take the difference between two consecutive numbers and divide it into thirds to obtain new trading levels, which can then be used as targets for opening positions or exiting existing ones. Subdividing the range between numbers into three parts provides a more granular set of price points to track the stock's movement during the trading day.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    of 5

    89.10 89.30 89.55 89.90 90.35 90.90 91.50 92.

    20
    100.50 101.90 103.50 105.15 106.95 108.90 111.05 113.25

    144.20 144.50 144.90 145.45 146.15 147.05 148.10 149.20


    162.60 164.90 167.45 170.15 173.00 176.25 179.65 183.25

    233.30 233.85 234.45 235.35 236.50 237.95 239.60 241.40


    263.05 266.80 270.90 275.30 279.95 285.15 290.70 296.55

    377.50 378.35 379.35 380.80 382.70 385.00 387.70 390.55


    425.65 431.75 438.35 445.45 453.00 461.40 470.35 479.80

    610.80 612.20 613.85 616.15 619.20 623.00 627.30 631.95


    688.75 698.55 709.30 720.75 732.95 746.55 761.10 776.35

    988.30 990.55 993.20 996.95 1001.90 1008.00 1015.00 1022.50


    1114.40 1130.30 1147.65 1166.20 1185.95 1207.95 1231.45 1256.15

    1599.05 1602.75 1607.05 1613.10 1621.10 1631.00 1642.30 1654.45


    1803.15 1828.85 1856.95 1887.00 1918.90 1954.55 1992.55 2032.45

    2587.35 2593.30 2600.25 2610.10 2623.00 2639.00 2657.35 2676.95


    2917.55 2959.15 3004.60 3053.20 3104.90 3162.50 3224.00 3288.60

    4186.45 4196.05 4207.35 4223.20 4244.15 4269.95 4299.65 4331.45


    4720.70 4788.00 4861.60 4940.20 5023.80 5117.05 5216.55 5321.05
    92.90 93.65 94.55 95.55 96.65 97.90 99.15
    115.60 118.25 121.15 124.35 128.10 134.20 144.00

    150.30 151.55 153.00 154.65 156.40 158.40 160.40


    187.00 191.35 196.00 201.20 207.30 217.15 233.00

    243.20 245.25 247.60 250.20 253.05 256.30 259.60


    302.60 309.60 317.15 325.55 335.40 351.35 377.00

    393.50 396.80 400.60 404.85 409.50 414.70 420.00


    489.65 500.95 513.10 526.75 542.70 568.50 610.00

    636.70 642.05 648.15 655.05 662.55 671.00 679.60


    792.25 810.55 830.25 852.25 878.10 919.85 987.00

    1030.20 1038.90 1048.75 1059.90 1072.05 1085.70 1099.60


    1281.90 1311.50 1343.40 1379.00 1420.75 1488.35 1597.00

    1666.90 1680.95 1696.95 1715.00 1734.60 1756.65 1779.20


    2074.15 2122.05 2173.65 2231.30 2298.85 2408.25 2584.00

    2697.10 2719.85 2745.70 2774.90 2806.70 2842.35 2878.80


    3356.05 3433.55 3517.05 3610.30 3719.60 3896.60 4181.00

    4364.05 4400.85 4442.65 4489.90 4541.30 4599.00 4657.95


    5430.20 5555.60 5690.65 5841.60 6018.45 6304.85 6765.00
    I have found these numbers to be pretty accurate. eg.

    I trade hourly tf and wish to have these kind of numbe

    Thanks and Regards

    Ravee

    Mr. Ravee
    Will you please allow me to make a small correction in
    In Sl.No.3 above, instead of 23.6 , 38.2, 61.8
    you have to read 38.2,61.8,76.3 respectively.

    You have done a very good study.

    Shall I make one more observation?


    The figures in the table given by Mr.RR relate to tradin
    To make use of this table for intra day trading on 60tf,
    following example:
    Today SBI opened at 2377 and this no. lies between 2
    Then you will get the sequence
    2351, 2385, 2406, 2419, 2440
    Similarly make use of the next two nos. 2410 and 249

    2351,2385,2406,2419,2440,2461,2474,2482,2495.
    SBI opens at 2377 and rises crossing 2385,2406,2419
    Now concentrate on the levels 2440 and 2461.
    The next hour candle opens at 2450 and goes upto 24
    indicates that the trend has changed and we have to e
    (We could have exited at 2461 to avoid reduction in pr
    At the next available chance we can go short at 2440

    Shall I say one more?


    For trading on 5min basis , subdivide two consecutive
    If you go long at one level, the next higher level must b
    umbers to be pretty accurate. eg. coalindia retraced from 343 twice.

    wish to have these kind of numbers for hourly, so that tsl can be trailed. Kindly suggest further how to arrive at numbers for hourly.

    me to make a small correction in your observation given above?


    tead of 23.6 , 38.2, 61.8
    2,61.8,76.3 respectively.

    y good study.

    e observation?
    le given by Mr.RR relate to trading on EOD basis.
    able for intra day trading on 60tf, make use of the above said three ratios and apply them on any two consecutive nos. in the table as pe

    2377 and this no. lies between 2351 and 2440. The difference between these nos. is 89. Calculate the 3 ratios on these and add them
    sequence
    419, 2440
    f the next two nos. 2410 and 2495 of the table and get the sequence 2440,2461,2474,2482,2495. Thus we have the sequence

    9,2440,2461,2474,2482,2495.
    nd rises crossing 2385,2406,2419,2440 and closes at 2450 on hourly basis, without reaching the next level 2461.
    he levels 2440 and 2461.
    opens at 2450 and goes upto 2470.5 but begins to fall from here crossing the level 2461 and closes at 2431 below the previous level 2
    nd has changed and we have to exit our long here.
    d at 2461 to avoid reduction in profit)
    chance we can go short at 2440 for the targets 2419, 2406,2385,2351. This fall was upto 2399.

    ?
    basis , subdivide two consecutive nos. in the above sequence as before and trade as per the levels.
    level, the next higher level must be taken as the target. Exit when the scrip falls by one level or according to your risk tolerance.
    rrive at numbers for hourly.

    onsecutive nos. in the table as per the

    e 3 ratios on these and add them to 2351 .

    s we have the sequence

    evel 2461.

    t 2431 below the previous level 2440. It

    ing to your risk tolerance.

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