Ganpati Festival Trading Strategy for Working Professionals
Title: A Special Ganpati Festival Trading Strategy for Working Men & Women
Ganpati festival is a time of joy, celebration, and devotion. However, I know that many of you have demanding jobs and find it difficult to actively monitor the stock market during the day. To make things easier, I’m excited to announce a special trading strategy for working professionals! Whether you're a busy man or woman juggling office work and home responsibilities, this strategy is designed just for you. It requires minimal time commitment and is perfect for those who can only focus on trading after reaching home from work.
The Strategy for Working Professionals
Once you reach home from the office, the first step is to get settled in and relax. Don’t rush into trading; take your time. Once you're ready, follow this simple and effective routine on a daily basis:
Step 1: Selection of Stocks – Finding Potential Profits
The first thing to do is find today’s losers on the BSE & NSE websites. This is key because stocks that have experienced a significant drop might be ripe for a potential rebound, offering profit opportunities.
Step 2: BB Accident Stocks Selection
Check for Bollinger Band (BB) accident stocks that have dropped to the lower side of the BB on the daily time frame. Additionally, ensure that these stocks are above the midline of BB on the monthly time frame and that the opening price has remained below the upper Bollinger Band for the last two months. This combination indicates a potential for upward movement, and these are the stocks you should monitor for a rebound.
Step 3: Add to Your Market Watch
Once you've identified these potential stocks, add them to your market watch. This is your list of stocks to monitor in the upcoming days.
Step 4: Monitor Daily
Every day, when you get home, review the stocks in your market watch. Keep an eye out for signs that they are ready for a buy.
Step 5: When to Enter – Identifying Buy Opportunities
Now comes the crucial part: when to enter a stock for a potential buy. Follow these rules:
If the stock has had two consecutive red candles and today's candle closes above the high of the last two red candles, this is a strong signal to place a buy order. The stock needs to cover the high price of both red candles to signal a reversal and upward momentum.
Exclusion 1: If the stock has had two consecutive red candles and today's candle closes above the high of the last two red candles, but does not cover the high of both candles, wait for the next day. If the next day's candle covers the high and touches the midline of the Bollinger Band on the daily time frame, ignore such stocks. They are not suitable for buying, as touching the midline of the BB often indicates potential resistance and limited upside.
If today's candle covers the last red candle's high only, it’s a potential buy signal, but more caution is required. Ideally, you want today's candle to surpass the highs of both consecutive red candles for a stronger confirmation.
Exclusion 2: If today's green candle crosses over the previous red candle's high and closes above it, but touches the midline of the Bollinger Band on the daily time frame, ignore such stocks. These are not strong buy signals, as touching the midline often indicates market indecision or limited upside potential.
Step 6: Place UPSTOX GTT Buy Order
Using UPSTOX GTT (Good Till Triggered) orders is a great way to automate your trade. Once you’ve identified a buy signal, place a GTT buy order for the next day with your desired target percentage. You can set the target based on your trading plan (feel free to enroll in a training program to sharpen your skills if needed).
Account Opening – Open Your UPSTOX Account
If you don’t already have an UPSTOX account and want to open one, I highly appreciate it if you open it through the following link:
๐ Open an UPSTOX Account
Alternatively, you can use my referral code 290307 while signing up to support this initiative.
Feel free to share this link with your friends, family, or any group who might be interested in trading. It's a great way to get started!
Step 7: Enjoy Life
Once the GTT order is in place, there’s no need to worry! You’ve done the work, and now you can relax and enjoy your evening. There’s no need to constantly monitor the market the next day.
Step 8: Follow the Same Steps Daily
This is a daily routine to follow after you come home from work. Consistency is key to successful trading.
Step 9: No Monitoring Required
Once your GTT order is set, you don’t need to monitor the market at all. Let the order do its job while you focus on other activities.
Real Example: Stocks on 6th September
For a better understanding, let’s look at two stocks that met the criteria on 6th September:
- MEGASOFT – ₹55.66
- NAHARPOLY – ₹276.15
Both stocks have shown BB accident characteristics on the daily time frame, and their monthly time frame confirms they are above the midline of the Bollinger Bands. These are excellent candidates for placing a GTT buy order.
Here’s the chart for reference:
Daily MEGASOFT
Daily NAHARPOLY
Monthly chart MAGASOFT
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