In the ever-evolving world of stock trading, finding the right stocks to invest in can often feel like searching for a needle in a haystack. However, with the advent of sophisticated tools and indicators, this task has become significantly more manageable. One such tool, developed by the seasoned market expert Mr. Roy Srivastava, promises to revolutionize how traders and investors pick stocks. With over three decades of experience, Mr. Srivastava has crafted a proprietary system that allows users to scan for stock opportunities effortlessly, whether for short-term trades or long-term investments.

Mr. Srivastava’s tool, known as the Strike software, is designed to simplify the process of identifying stocks with potential. At the heart of this software lies the Rohit Scanner and the Rohit Momentum Indicator. These proprietary indicators have been fine-tuned to analyze the momentum of the market or any individual stock across various time frames, such as hourly, daily, weekly, and monthly intervals. This flexibility means traders can tailor their searches based on their specific trading strategies and time horizons.

The beauty of the Strike software lies in its user-friendly interface, which allows even novice traders to navigate through complex market data with ease. On the left-hand side of the Strike software, users will find the scanners section. Here, the Rohit Scanner takes center stage. This scanner is adept at evaluating market momentum and identifying buy and sell signals across different time frames. By monitoring these signals, traders can pinpoint the exact moment to enter or exit a trade, thereby maximizing their potential for profit.

For those with a keen interest in stocks, rather than indices, the Strike software offers a focused approach. By selecting the F&O (Futures and Options) basket, users can access a list of F&O stocks and examine their momentum on various time frames. This is particularly useful for traders who prefer to work with F&O stocks due to their liquidity and potential for significant returns.

Let’s say a trader wants to buy call options for the next five days, anticipating a bullish trend in the market. Using the Strike software, the trader can first look at the daily time frame to identify which stocks are already in a buy mode. This is done by filtering for stocks with established buy signals. The software’s filter feature simplifies this process, displaying only those stocks that meet the criteria.

Once the daily bullish stocks are identified, the next step is to find stocks that are showing fresh buy signals on the hourly charts. This step is crucial because it highlights stocks that have just started to gain momentum, offering an opportune entry point. For instance, during a scan, the software might highlight Britannia Industries as a stock with a fresh buy signal on the hourly chart. This indicates that Britannia is not only in a buy mode on a daily basis but is also showing new upward momentum on an hourly basis, making it an attractive candidate for a short-term trade.

The real-time charting feature of the Strike software further aids in making informed decisions. Traders can view candlestick charts that display the stock’s price movements, alongside the Rohit Momentum Indicator. The indicator’s green line crossing above the red line signifies a buy signal, providing a clear visual cue for traders. For those focusing on short-term trades, checking the hourly chart for new buy signals near the zero line of the momentum indicator is particularly beneficial. Signals emerging around this line are often the most reliable, indicating a potential surge in stock price.

Moreover, the Strike software offers the flexibility to view signals based on the latest data point or the last candle. This means traders can choose to act on the most recent market data or analyze signals from the previous trading session. Such features are invaluable during market hours when timely decision-making can make a significant difference in trading outcomes.

In addition to identifying buy signals, the software is equally proficient at detecting sell signals. By analyzing which stocks are already in a sell mode or showing new sell signals, traders can make informed decisions about which stocks to short or avoid. This dual capability ensures that users can navigate both bullish and bearish market conditions with confidence.

One of the most impressive aspects of the Strike software is its ability to condense a vast amount of market data into actionable insights with just a few clicks. This efficiency saves traders countless hours of manual analysis and research. By leveraging the power of the Rohit Scanner and Momentum Indicator, traders can quickly identify the top-performing stocks that warrant further research or immediate action.

For those new to trading or looking to enhance their strategies, the Strike software offers a robust solution backed by Mr. Srivastava’s extensive market experience. His insights and expertise are embedded within the software, providing users with a reliable tool for navigating the complexities of the stock market.

In stock trading, precision and timely decision-making are crucial. One of the key tools used by traders to determine when to buy or sell stocks is the Relative Momentum Indicator (RMI). This indicator is particularly valuable because it provides buy and sell signals a few days earlier than other commonly used indicators like the Moving Average Convergence Divergence (MACD). This speed can be the difference between capitalizing on a trend early or missing out on significant gains. Let’s dive into a practical scenario of using the RMI for stock selection and trading decisions.

Imagine you are analyzing the hourly chart of ACC Ltd. You are specifically looking for a fresh buy signal. However, the RMI did not go down to zero; it came back up and started giving a bullish crossover. According to your trading strategy, the best signals are those that come after the RMI dips below the zero line. Even though a buy signal can appear above or below zero, it is critical for the green line to touch zero at least once. This did not happen with ACC Ltd., so you decide to ignore this buy signal.

You have a list of seven stocks: ACC, Bosch Limited, Gujarat Gas, Escorts, MFSL, Ramco, and one other. You need to determine which of these stocks show a buy signal after the RMI has touched zero. If none of the stocks meet this criterion, you might not make any trades at all. After a detailed analysis, you find that the RMI touched zero and then gave a buy signal for Bosch Limited and Ramco. Gujarat Gas almost touched zero and might be considered, but you decide it would have been better considered in the previous move. MFSL did not meet the criteria on the hourly chart, so it is discarded. Similarly, Escorts is discarded. This leaves you with Bosch Limited, Ramco, and potentially Gujarat Gas.

By reducing the list of stocks to just two or three, you streamline your focus. This quick filtering process allows you to determine which stocks have the potential for profitable trades. This method is not only efficient but also helps in managing your portfolio better. It’s crucial for traders, especially those involved in intraday trading, to act quickly and decisively. Waiting for the hourly candle to close can confirm which stocks are worth considering for trades.

However, trading is not limited to short-term strategies. Some investors are interested in holding stocks for a longer duration, such as three to six months or even longer. For long-term investments, the methodology remains similar, but the time frames change. Instead of daily and hourly charts, you would look at weekly and monthly charts. This adjustment allows you to capture longer trends that could run for six months to a year.

For instance, you can scan the Nifty 500 stocks, which includes a wide range of companies beyond those in the Futures and Options (F&O) segment. This broader basket can provide insights into stocks that are in a bullish trend. After identifying potential stocks, you can check which ones are showing new buy signals on a weekly chart. From 500 stocks, you might narrow it down to just a few. For example, in your analysis, you find that only four stocks show new buy signals on the weekly chart: Bharati Airtel, Gillette, SW Solar, and one other.

The next step is to ensure that these signals come after the RMI has touched zero. Bharati Airtel and Gillette meet this criterion, while the others do not. Among these, Gillette stands out as it shows a fresh buy signal after the RMI has come from zero. This meticulous process of scanning and filtering helps in making informed decisions that align with your investment goals.

Once you have identified the stocks that meet your criteria, the next step is to consider the risk-reward ratio. A simple rule to determine the stop loss is to use the most recent low point when the buy signal appears. For instance, if the most recent low for Gillette is 6,167 rupees, this would be your stop loss. This approach allows you to manage risk effectively while aiming to ride the trend for maximum gains.

The beauty of using the RMI and such scanning techniques is that it simplifies the process of stock selection. It provides a clear and structured approach to identifying trading opportunities, whether you are looking at intraday, positional, or long-term investments. This methodology is particularly beneficial because it gives buy and sell signals earlier than typical indicators, reducing noise and allowing for smoother, more reliable trading decisions.

In conclusion, the use of the RMI in conjunction with different frame analysis offers a powerful tool for traders and investors alike. Whether you are focusing on short-term trades or long-term investments, this approach helps in quickly filtering and identifying potential stocks, making the process efficient and effective. By understanding and applying these techniques, you can enhance your trading strategy and increase your chances of success in the stock market.

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