1. Check 52 week near high / low stock (click on the below link)
Spider Analytics - 52-Week HIGH Nearing Stocks
Spider Analytics - 52-Week LOW Nearing Stocks
2. Wait for at least 15 min after the market is open. See if the market is up or down.
3. If up, buy 52 week high (see if the technical indicators are supporting)
4. If down, sell 52 week low (see if the technical indicators are supporting)
5. Look at ATR. If daily movement is Rs. 20, we must book profit at Rs. 10.
6. Make sure that stock has not moved more than 25% of it's ATR of the day. If ATR is Rs. 20/-, stock should not have moved Rs 5 from our point of entry. If it has moved by more than 25%, wait for 1 hour after the market is open - high chances that stock will retrace and give another opportunity.
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