10 stocks to track as inflation # stabilize
21Jan, 2023
FinLearn Academy
- The strategy we will be implementing today is Triple Supertrend
- Triple Supertrend signs generate a purchase and promote sign primarily based totally on adjustments in the trend
- Buy and promote alerts adjustments as quickly because the indicator flips over the closing price
- Triple Supertrend is a trending indicator and like all trending indicator its work well in trending market (uptrend/downtrend)
Triple Supertrend Positive Crossover
- Triple Supertrend Positive crossover is a bullish cross
- This indicator can also be used on multiple timeframes. In this case, place on the higher timeframes and then move to the lower timeframes to use for entry and exit signals.
- Let’s look at an example in the chart below ( on VEDL a daily time frame)
- A buy signal is generated when the Triple supertrend falls below the price on the daily timeframe. let’s look at a few opportunities in the LIVE market
Time | Scrip Name | Signal | Entry Rate |
20-01-23 | HDFC | BUY | 2715.95 |
13-01-23 | HCLTECH | BUY | 1077.80 |
20-01-23 | COALINDIA | BUY | 227 |
06-01-23 | ICICIPRUI | BUY | 473 |
18-01-23 | VEDL | BUY | 324.15 |
Triple Supertrend Negative Crossover
- Triple Supertrend Negative crossover is a bearish cross
- Triple Supertrend offers correct alerts at a particular time. Also, the indicator is to be had on diverse buying and selling structures freed from cost
- Let’s look at an example in the chart below ( on a daily time frame)
- When the Triple supertrend closes above the price sell signal is generated e on the daily timeframe. let’s look at a few opportunities in the LIVE market
Time | Scrip Name | Signal | Entry Rate |
23-12-22 | TATACONSUM | SELL | 779 |
23-12-22 | RELIANCE | SELL | 2502 |
21-12-22 | ZOMATO | SELL | 61.30 |
06-01-23 | PIIND | SELL | 3288 |
19-01-23 | ICICGI | SELL | 1169 |
Awesome, but what’s my takeaway?
- HDFC, HCLTECH, COALINDIA, ICICIPRULI &VEDL have given a buy call on a daily time frame (implementing Triple Supertrend Positive crossover )
- TATACONSUM, RELIANCE, ZOMATO, PIIND & ICICIGI have given a sell call on a daily time frame (implementing Triple Supertrend Negative Crossover)