Adani Wilmar - Rangebound Startegy

28 июл.

A range-bound trading strategy refers to a method in which traders buy at the support zone and sell at the resistance zone for a given stock. If price has bounced back multiple times from support and corrected multiple times from a particular resistance zone, this creates a good range to trade.

Typically, traders use range-bound trading in conjunction with other indicators, such as RSI or MACD