Here, CAT is identified as a strong stock relative to $INDU. We look to buy it.We buy it when the market hits the technical bottom.CAT's entry also supported by MP_ATRchannel BuyLine.
Picture Below
This is a buy entry for X on 5th March. The difference here is the use of $INDU 5min cycle.
At 6.40pm, MACCI for $INDU 10min was only -85. But two things overrided it:-
1. 5min cycle is OS
2. X (stock) was at the perfect buy position.
