One of the simple things you can do in the financial market – follow stock behaviors and play on repeatability.
Example: If a stock has bounced from an X price level, there is a high probability it will do the same when it declines to that level again
Just Dial
Source: Chartalert.com
During the month of May 2019, Just Dial stock rallied from the levels of 550. It rallied to 820 levels i.e. 50%. Can one assume another rally of 30%+ from current levels? This is a good assumption to make with a stop loss of 5% below 550 levels.
Please do your own due diligence before trading