Day Trading Strategy(Outside Bar)

Day Trading Strategy

What is Outside bar?

An outside bar pattern is the polar opposite of an inside bar.Its range must exceed that of the previous bar with a higher high and a lower low.

Trade  Setup

Timeframes : 15 Minute
Pairs : Indian Stock (Future Script)
Indicators: None
Chart: Candleticks, Bar chart

Buy Setup:
Identify Bullish Outside Bar Hammer Pattern below mentioned image
Entry Point: Go for Buy when it break their High 
Target Point : 1% of Scrip
Stoploss Point: Keep Low of Hammer

Tata Chemical

SRF

TVS Motors

-------------------------------------------------------------------------------------------------------------------------
Sell Setup:
Identify Bearish Outside Bar Inverted Hammer Pattern below mentioned image
Entry Point: Go for Sell when it break their Low
Target Point : 1% of Scrip
Stoploss Point: Keep High of Inverted Hammer

Apollo Hospital

PVR

PNB