21 BAR CONCEPT

There are 3 criteria in this concept if all 3 criteria are met then only to buy/sell

CRITERIA

 We need RSI 14 with 70/30 levels

 we need to look stocks below 30 for buy
 Present day must make new low than the previous 21 day price - buy
 Present day must make new 21 high than the previous 21 day price - sell
 You need to have minimum 3 candles making continuous low - buy
 You need to have minimum 3 candles making continuous high – sell
 Instead of 3 minimum low/high, if you find 3,5,8,13 is also good
 Right now 5 number of candles gives jackpot
 These are the 3 main parameters for the concept
 If you find such scripts then we can take entry

ENTRY: FOR BUY

Present day breakout of previous candle high with 0.1 buffer

EX: If previous day bar high is 350

Then entry or buy price is 350+0.1(BUFFER)=350.1

ENTRY FOR SELL

Present day break-out of previous candle low with buffer 0.1

EX: If previous day bar low is 450, then entry or sell is

 450-0.1(BUFFER)=449.9


 STOPLOSS:
 FOR BUY:
 LOW OF THE PREVIOUS CANDLE PRIOR TO BREKOUT CANDLE SHALL BE SL
 FOR SELL:
 HIGH OF THE PREVIOUS CANDLE PRIOR TO BREAKOUT CANDLE SHALL BE SL

 TARGETS
 FOR BUY
 DRAW FIBO RETRACEMENT FROM PRESENT LOW TO THE PREVIOUS HIGH
 FOR SELL
 DRAW FIBO RETRACEMENT FROM PRESENT HIGH TO PREVIOUS LOW, (11.4,
23.2, 38.2, 50, 61.8)

FULL CONTENTS

1ST CRITERIA SHALL BE:

WE NEED RSI14 WITH 70/30 LEVELS

WE NEED TO LOOK STOCKS BELOW 30 FOR BUY

EX PCJWELWER

WE NEED TO LOOK STOCKS ABOVE 70-FOR SELL

EX BAJFINANCE
 2ND CRITERIA SHALL BE

PRESENT DAY MUST MAKE NEW LOW THAN THE PREVIOUS 21 DAY PRICE-BUY

EX PCJWELWER
PRESENT DAY MUST MAKE NEW 21 HIGH THAN THE PREVIOUS 21 DAY PRICE-SELL

EX BAJFINANCE

3RD CRITERIA SHALL BE:

YOU NEED TO HAVE MINIMUM 3 CANDLES MAKING CONTINUOUS LOW -BUY

YOU NEED TO HAVE MINIMUM 3 CANDLES MAKING CONTINUOUS HIGH –SELL

INSTEAD OF 3 MINIMUM LOW/HIGH

IF YOU FIND
 3,5,8,13 IS ALSO GOOD

RIGHT NOW 5 NUMBER OF CANDLES GIVES JACKPOT

THESE ARE THE 3 MAIN PARAMETERS FOR THE CONCEPT

IF YOU FIND SUCH SCRIPTS THEN WE CAN TAKE ENTRY

WHICH SHALL BE EXPLAINED NOW

ENTRY

FOR BUY

PRESENT DAY BREAK-OUT OF PREVIOUS CANDLE HIGH WITH 0.1 BUFFER

EX: IF PREVIOUS DAY BAR HIGH IS 350

THEN ENTRY OR BUY PRICE IS

350+0.1(BUFFER)=350.1

FOR SELL

PRESENT DAY BREAK-OUT OF PREVIOUS CANDLE LOW WITH BUFFER 0.1

EX: IF PREVIOUS DAY BAR LOW IS 450

THEN ENTRY OR SELL IS

450-0.1(BUFFER)=449.9

STOP LOSS

FOR BUY

LOW OF THE PREVIOUS CANDLE PRIOR TO BREKOUT CANDLE SHALL BE SL

 FOR SELL

HIGH OF THE PREVIOUS CANDLE PRIOR TO BREAKOUT CANDLE SHALL BE SL

 TARGETS

FOR BUY

DRAW FIBO RETRACEMENT FROM PRESENT LOW TO THE PREVIOUS HIGH

FOR SELL

DRAW FIBO RETRACEMENT FROM PRESENT HIGH TO PREVIOUS LOW

(11.4, 23.2, 38.2, 50, 61.8) %

 SCANNERS

https://chartink.com/screener/21daysbreakdown (to buy)

https://chartink.com/screener/21daysbreakout (to sell)