Above Stocks » All Posts https://www.abovestocks.com/forums/feed/ Fri, 24 Apr 2026 02:48:08 +0000 https://bbpress.org/?v=2.6.14 en-US https://www.abovestocks.com/forums/topic/if-i-want-to-apply-for-an-ipo-what-is-the-process-and-how-to-invest/#post-7530 <![CDATA[If I want to apply for an IPO, what is the process and how to invest?]]> https://www.abovestocks.com/forums/topic/if-i-want-to-apply-for-an-ipo-what-is-the-process-and-how-to-invest/#post-7530 Thu, 10 Mar 2022 12:02:17 +0000 Abhishek Vohera If I want to apply for an IPO, what is the process and how to invest?

]]> https://www.abovestocks.com/forums/topic/an-intraday-trading-system-that-actually-works-use-it-if-you-like/#post-7529 <![CDATA[An Intraday Trading System that actually works – Use it if you like]]> https://www.abovestocks.com/forums/topic/an-intraday-trading-system-that-actually-works-use-it-if-you-like/#post-7529 Wed, 09 Mar 2022 11:44:51 +0000 Abhishek Vohera I’d been hunting for an intraday system that is consistently profitable for so many years and have tried my luck with dozens of them. I’ve learned a lot from them and finally have designed one of my own over the last year. It’s made me money in both bullish and bearish markets.
I’m posting it here for your benefit should you choose to use it.

The system is as follows:

Step 1: Determine if today’s market trend is bearish or bullish using the daily chart of the Nifty.

Perfect Bullish Condition:
The 14 period RSI of the Daily chart of the Nifty is above 50
Overlay a 5 period EMA on this RSI. Make sure that this EMA too is above 50.
Make sure that the RSI is above the 5 period EMA of the RSI

Perfect Bearish Condition:
The RSI of the Daily chart of the Nifty is below 50
Overlay a 5 period EMA on this RSI. Make sure that this EMA too is below 50.
Make sure that the RSI is below the 5 period EMA of the RSI

Step 2: Pick the stocks you will be trading for the day before market opens

If the daily NIFTY chart is in “Perfect Bullish Condition”, run a market scan for individual stock charts that meet all parameters of the “Perfect Bullish Condition” in the Daily timeframe as well. DO NOT SEARCH FOR STOCKS THAT ARE IN “PERFECT BEARISH CONDITION”.

If the daily NIFTY chart is in “Perfect Bearish Condition”, scan for individual stock charts that meet all parameters of the “Perfect Bearish Condition” in the Daily timeframe as well. DO NOT SEARCH FOR STOCKS THAT ARE IN “PERFECT BULLISH CONDITION”.

Take all your scanner results and create a watchlist for the day. Do not trade any stocks outside this watchlist.

Step 3: Trade Timing and Entry

When you are trading a stock that is in “Perfect Bullish Condition”, switch from the daily chart to a 10 minute chart and overlay a 21 period EMA to it. Then add the RSI indicator under this chart and overlay a 5 period EMA on this RSI. Take a long position when the price crosses over the 21 period EMA and the 5 period EMA of the RSI is greater than 50. Unless both these things happen, do not take a long position.

When you are trading a stock that is in “Perfect Bearish Condition”, switch from the daily chart to a 10 minute chart and overlay a 21 period EMA to it. Then add the RSI indicator under this chart and overlay a 5 period EMA on this RSI. Take a short position when the price crosses below the 21 period EMA and the 5 period EMA of the RSI is greater than 50. Unless both these things happen, do not take a long position.

Step 4: Target and stop loss setting:
Stop loss for long positions should be placed under the low of the previous swing on the 10 minute chart. Target can simply be 1% (OR) target can be set using Fibonacci levels (OR) profits can simply be booked towards the end of the trading session at 3:15 PM. Personally, I prefer setting a 1% target and squaring off the trade once this is achieved.

Stop loss for short positions should be placed above the high of the previous swing on the 10 minute chart. Target can simply be 1% (OR) target can be set using Fibonacci levels (OR) profits can simply be booked towards the end of the trading session at 3:15 PM. Personally, I prefer setting a 1% target and squaring off the trade once this is achieved.

Things to keep in mind when using this system:

Though this system rarely ever fails me, there are no guarantees in the stock market and you may suffer losses when you trade. One must be mentally prepared for this.

Being a successful day trader takes a great deal of discipline. Follow the rules of the system very precisely without any deviations if you hope to make any profits.

Do not trade unless and until all conditions mentioned above are met. There may be days when things don’t align and you will have to sit on the side lines and wait for the perfect conditions but if you are serious about making a living from day trading, understand that capital preservation is as equally important as making profits.

I have been using this system only on the NIFTY 50 stocks, I have no idea how well this will work on stocks outside of this watchlist.

Wish all of you guys the best of luck and good fortune!

Comment if you like the system and share it with as many people as you can once you are convinced that it is working for you.

]]> https://www.abovestocks.com/forums/topic/which-strategy-is-best-for-day-trading/#post-7528 <![CDATA[Which strategy is best for day trading?]]> https://www.abovestocks.com/forums/topic/which-strategy-is-best-for-day-trading/#post-7528 Wed, 09 Mar 2022 11:34:19 +0000 Sohil Vohera Can anyone suggest any strategy which gives consistent PROFITS without LOSSING valuable CAPITAL!

]]> https://www.abovestocks.com/forums/topic/whats-your-favorite-stock-to-buy-in-a-dip-and-hold-a-lifetime-and-why/#post-7527 <![CDATA[Reply To: What’s your favorite stock to buy in a dip and hold a lifetime, and why?]]> https://www.abovestocks.com/forums/topic/whats-your-favorite-stock-to-buy-in-a-dip-and-hold-a-lifetime-and-why/#post-7527 Wed, 09 Mar 2022 11:32:05 +0000 Sohil Vohera I feel Wipro and IRCTC are great to buy at this moment. Both the stocks have fallen greatly… As both the companies are fundamentally strong they will surely have an uptrend…

As the future of the Russia-Ukraine War is uncertain, one can buy the stocks in parts…

]]> https://www.abovestocks.com/forums/topic/whats-your-favorite-stock-to-buy-in-a-dip-and-hold-a-lifetime-and-why/#post-7525 <![CDATA[What’s your favorite stock to buy in a dip and hold a lifetime, and why?]]> https://www.abovestocks.com/forums/topic/whats-your-favorite-stock-to-buy-in-a-dip-and-hold-a-lifetime-and-why/#post-7525 Wed, 09 Mar 2022 11:15:04 +0000 Abhishek Vohera What’s your favorite stock to buy in a dip and hold a lifetime, and why?

]]> https://www.abovestocks.com/forums/topic/introduction/#post-7523 <![CDATA[Introduction]]> https://www.abovestocks.com/forums/topic/introduction/#post-7523 Wed, 09 Mar 2022 10:54:51 +0000 Sohil Vohera Hi,

Welcome to Above Stocks Forum.

If you have completed your registration and signed in, you can start off by introducing yourself. Here are some points that we would love to know about you.

Your name and occupation.
Your investing/trading experience.
How long have you been investing/trading in the market?
Your investment strategy and area of interest -IPO’s/secondary market/futures/options/commodities, etc.
Any amazing experience related to investing in your past.
And anything that you would like to share…

Ready? Go ahead and make your first post!

]]> https://www.abovestocks.com/forums/topic/welcome-to-above-stocks-forums/#post-7522 <![CDATA[Welcome to Above Stocks Forums]]> https://www.abovestocks.com/forums/topic/welcome-to-above-stocks-forums/#post-7522 Wed, 09 Mar 2022 10:52:05 +0000 Sohil Vohera Welcome to Above Stocks Forums – An online discussion community for Indian traders and investors

This forum is a hub for all the people interested in the Indian Stock Market. At the Above Stocks Forum, you can share, discuss and ask anything related to the share market. Our experts will guide and help you to solve all your queries.

Features of this forum:

– FREE Membership.
– Choosing your own password.
– Lost password auto-email.
– Start a discussion topic and be notified by e-mail immediately when new comments are added (optional).
– Talk about an investment strategy, stock market trend or stock of your own choosing.
– Updateable user profiles.
– You have to register and log in to post on the site.

]]> https://www.abovestocks.com/forums/topic/impact-of-russian-invasion-on-global-stock-market/#post-7516 <![CDATA[Impact of Russian Invasion on Global Stock Market]]> https://www.abovestocks.com/forums/topic/impact-of-russian-invasion-on-global-stock-market/#post-7516 Mon, 07 Mar 2022 10:46:23 +0000 Sohil Vohera Hello everyone, hope you are all doing well and staying health.

I kindly wondered please if anyone had any thoughts on how much more stocks could fall. Does anyone have any stocks or alternative investments such as REITs that they use to protect themselves against market turbulences please apart from holding amounts in cash? We all are restructuring our portfolio and please wanted any guidance on this.

Thank you very much for any advice you can give. Thank you for your kindness and have a wonderful day. All the best.

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