---
title: 'Best & Easy Intraday Trading Strategy - OHL (Open = High or Low) Strategy for Profits'
source: 'https://youtube.com/watch?v=Im0H7SK_ZDw'
video_id: 'Im0H7SK_ZDw'
date: 2026-07-15
duration_sec: 840
---

# Best & Easy Intraday Trading Strategy - OHL (Open = High or Low) Strategy for Profits

> Source: [Best & Easy Intraday Trading Strategy - OHL (Open = High or Low) Strategy for Profits](https://youtube.com/watch?v=Im0H7SK_ZDw)

## Summary

This video explains the OHL (Open = High or Low) intraday trading strategy, a simple yet powerful method used by both beginners and veteran traders. The strategy identifies stocks where the opening price equals either the day's high (bearish signal) or low (bullish signal), and provides entry and exit rules based on price action. The presenter also shares a free Excel screener tool to filter such stocks and discusses position sizing and risk management.

### Key Points

- **Introduction to OHL Strategy** [00:01] — The OHL strategy is an intraday equity trading strategy used for 10-15 years. It stands for 'Open = High or Low'.
- **Candlestick Basics** [00:45] — A candlestick is a visual representation of price movement over a time period. The strategy uses 5-minute candlesticks. Green = bullish, red = bearish.
- **Bullish Setup** [01:25] — If the opening price is the lowest level of the day (no candle moves below it), it indicates a bullish setup. The stock is likely to trend upward.
- **Bearish Setup** [02:04] — If the opening price is the highest level of the day (stock does not cross it), it indicates a bearish setup. The stock is likely to trend downward.
- **Screener Tool** [02:31] — A free Excel screener tool is provided to filter F&O stocks where open equals high or low (with a 0.06% buffer). It shows bullish and bearish signals.
- **Nifty 50 Example** [03:42] — In Nifty 50, two stocks gave bearish signals and four gave bullish signals. The presenter focuses on Reliance and Kotak Bank.
- **Entry Criteria** [04:08] — Entry is taken when the trend (OHL signal) is still valid at 9:30-9:45 AM and price action confirms a breakout (e.g., low broken with strength for a sell).
- **Exit Criteria** [05:56] — Stop loss should be above the day's high (for bearish) or below the day's low (for bullish). Alternatively, use price action levels. Target should offer at least 1:1 risk-reward ratio.
- **Supporting Factors** [07:17] — Check index trend (e.g., Nifty bearish) to avoid counter-trend trades. Also consider news/events (e.g., budget day volatility).
- **Position Sizing Calculator** [10:09] — For a 10,000 INR capital, shorting Reliance at 2980 with SL at 3000 suggests selling 5 shares. Risk is defined (80-100 INR loss). Leverage is acceptable with a plan.
- **Risk Management** [11:44] — Risk 1% per trade, max 2% of total capital per day. Brokerage and taxes can eat profits; a beginner should start with at least 50,000 INR capital.

### Conclusion

The OHL strategy is powerful when combined with price action, index trend, and proper position sizing. Beginners should start with adequate capital and focus on risk management to achieve consistent profitability.

## Transcript

channel where you can get the best and most practical finance and stock market content in India and today we're going to discuss an intraday Equity uh trading beginners it is one of the few strategies that I've seen even veteran
Traders take or use for the last 10 to 15 years so the name of this very easy 15 years so the name of this very easy strategy is OHL strategy open is equal to high low strategy so we'll be explaining it in very detail on how to
sharing a tool with you as well with which you can screen these OHL stocks for free and start trading without any further delays so yes this is Ajay AIT welcome to Market feed so before getting into the strategy
we'll quickly summarize what a Candlestick is and how to use it in this context right so Candlestick is nothing but a visual representation of price movements over a time period and here in this particular strategy we are going to
be using 5 minutes candlesticks that means each Candlestick is showing you A visual representation of what happened in the stock or security price over the last 5 minutes and a green Candlestick means that it was a bullish candle and a
red Candlestick means that it was a bearish candle so if that is clear let us move ahead with a few chart examples so that you're learning this strategy very effectively so let's assume this is a chart of a any security or any stock
and each Candlestick that you see here is of a 5 minute time frame The Market opens at 9:15 a.m. and you're observing this chart at around 9:30 to 9:45 a.m. but what do you think is unique about this chart you can see that the opening
level is the lowest level of the day there is no Wick below it the no candle has moved below the opening level and you can observe that opening level is a the chart formation what do you think is
the current Trend or the possible trend of that stock for the day yes it is a bullish setup in the stock that we can see right now and on the other side if you're looking at a second example where the opening level is the high for the
day if the stock has not crossed the opening day at all then we can think of it as a bearish setup and that is the entire strategy it says that if the open is equal to the low level of the day you can go ahead take a buy uh trade that
stock and if the open is equal to high level you can go ahead and uh sell that stock or short that stock so now you have identified the conditions now the next step is out of all the hundreds and thousands of stocks in the stock market
and how do you find these stocks which have these conditions enabled that's what we're going to learn with a very simple tool right now so here in this tool we'll be looking at all stocks which have fno enabled which means
Futures and options enabled and we will'll be looking if these conditions are being met that is if open is equal to high or open is equal to low is being shown right so yes here are all the fno stocks and you can see that few stocks
have these uh indications here in the uh Excel sheet right so we'll go ahead and we'll uh select only the bearish and bullish filters here so you can see that a lot of stocks here are displaying this condition so what all are the conditions
I've given in this Excel sheet it says that if uh the open is equal to high give me bearish if the open uh and high are very close by that is I've given a buffer of 0.06% so if that buffer is very small if
open and high are very close then also it could give me a bearish indication on the other side if open is equal to low it will give me a bullish condition again if open and low are very close by 0.06% it will give me a bullish
confirmation once again so now you understood how the Logics work but since there are a lot of stocks here let's go ahead and select only the nifty50 stocks right so in nifty50 if you're looking at it we have two stocks which are giving a
bearish signal and four stocks which are giving a bullish signal so now the next thing that you to do is you have to go ahead and look into each of these charts conditions we are going to discuss about next which will help you enter a trade
and hopefully exit in profits right so we'll get into that so as we learned in the previous video let us break down this oel strategy into three parts the first one where you think about an entry criteria where you try to determine the
trend of the stock right so the trend of the stock how do you get it you look at the oel strategy you look at the screener yes it is slightly delayed data but it it is okay you come here at 9:30 to 9:35 a.m. you'll be getting this
indication so the first thing you've got is a trend indication the second thing that you need is the entry criteria and the last thing that you need is the exit criteria so that is what we're going to discuss today so the entry condition is
also very simple you have to come here into this chart at 9:30 to 9:45 a.m. and continuing which means if open is equal to high is still relevant or open is equal to low is still relevant so here in this chart let's say say that open is
equal to high is still relevant when I came here at 9:30 to 9:45 a.m. so uh let's say I come here in this chart and I'm waiting here right and if I'm a good price action Trader automatically you can see that you uh this level is very
very important for the stock which means that the low was taken at 2,988 you can go ahead and you can take a new Fresh uh selling opportunity when this low is broken again with strength so entry criteria if at the time the
trend is still relevant and the price action gives you a buy or a sell signal so here let's look at Reliance and how it has performed right so this level seemed important because it took support uh when I have opened the chart here at
9:45 a.m. and you can see that the next time it broke below this right maybe you can even take a trade here it would not have hit your LL and if you have taken a trade here right you can see that easily nearly 16 to 20 points you'll be able to
trend criteria and we know that the entry criteria so the third one that we have to think about is the exit right so the strategy if you're following the strategy is a uh in its pure form right so it says that you have to put an SL
your stop loss should be anywhere above the high point of the day right so it says that your stop loss should be anywhere above the high point of the day but it might not always be practically possible for that to happen so you can
set a stop loss based on your price action rules so here let's say my stop- loss is easily kept above this uh uh first 10minute candle here right so this 920 candle I am confident to keep my stop loss above that range so around the
13 Point stop- loss is what I can afford here and similarly your target should be in such a way that you're getting at least more than 1 is to one RTO reward ratio right so you should be targeting somewhere around 15 or even 18 or 20
points in this trade uh which is the right way to go based on your good risor reward ratios when you're looking into the chart here might feel that the screener tool is wrong but do not worry whatever this Weck you're seeing is a
trading view prices but we are only looking at the NSC website prices that is what the screener tool gives you in this trade and the strategy you can also use few supporting points to increase your probability of winning this trade
right so the first thing is you can look at the index Trend you can ask me why there were four to five stocks in this list here or six stocks in this list here most were giving bullish but I have only looked at Reliance and kotak bank
here so Reliance uh the trend here for Nifty today right let's quickly look at that the trend here for Nifty has been bearish throughout the day right after opening Nifty has fallen nearly 154 points that means the entire Market
trend is bearish so you can look at this bearish confirmation from the market and the basic indices to make sure that you do not go against the trend in the stock so automatically I've avoided the first four stocks here in the screener and I'm
only looking at either Reliance or kotk bank so you can also look at news and events so today is a budget day and it is going to be very volatile right so you can keep your targets and stop- losses as per this rules or as per the
news and events so here you know that it is going to be a volatile day so only when a price action strong confirmation is there as we saw in Reliance earlier when the day low was broken and taken out you can think about entering a trade
there so that means either look at the news surrounding that stock you can itself you'll be seeing a lightning button here on the bottom you can click headlines for the stock for the day right and also you can pair other
indicators as well as other price action techniques to make sure that you the next thing is you have to enter more high probability trades right so you identified One stock which is reliance and it has been going really well but
what about the other stock in that list right which was kotak bank so kotak bank right which was kotak bank so kotak bank here also is giving somewhat of a uh OHL signal right you can ignore this Weck because this is not the nsse data we are
only following the nsec data here so you can see that you came here at 9:30 to can see that you came here at 9:30 to 9:45 and probably after breaking the day low is where you'll be entering the trade it is a bit tricky here because as
a price action Trader you can see that uh multiple times over the last week right uh this level has been playing as a good support level and that is where even the wick today is present right which is 1,555 .9 so even last day there
was a wick around this region and today the breakdown below this region has not happened and if it does where should the target be the target should be at 1,400
1,750 you should never think about how much money do I want to make from this trade it should always be how much money can I extract from this trade right so it looks very logical that your first Target or your first thought process
should be to keep your target at this, 1050 level it has acted as a good support earlier so when this level is broken you can think about entering a bearish trade here so yes now you know the entire Crux of the strategy one more
thing that I want to remind here is our intraday position sizing calculator beginner and you're starting to trade and you're having a capital of 10,000 rupees how much should you be putting into the or how many stocks should you
be buying or selling in Reliance let's quickly look into it so let's say you're shorting the stock at 2980 and your possible uh stop loss is 3,000 so what does this position sizing calculator tell us it says a quantity to
sell here is five right and you can ask me hey my capital is 10,000 how can I take a trade for uh 3,000 into 5 right that is how much I need which is 15,000 rupees but hey the answer here is you can take leverage Leverage is not a bad
thing for you Leverage is only bad when you do not look at anything like this position sizing calculator where you're not thinking about the risk but here we know our risk our risk is very defined your target here if you make it it will
be 20 points into five quantity which will be just 100 rupees right you put 10,000 rupes in you got 100 rupees but it will also make sure that if even if you're losing this trade even with leverage you will not be losing more
than 100 or 80 to 100 rupees that is what the beauty of this position sizing mechanism is so yes Leverage is not a bad thing in my opinion but I would say that going in without a plan right without this calculator it will be
hurting your uh entire account very very deeply so make sure that you please please follow these rules I've seen a lot of beginners make this mistake make that you're keeping the percentage risk of account very reasonable here which is
I would say you can either keep 1% or 5% per trade in a single day you should never be risking more than 2% in your entire trading Capital right that means you can take multiple trades but out of all the different trades you should be
not uh risking more than 2% so here you can keep 1% since we have only two trades which are possible today kotk and Reliance Bank if there were four trades you can think about keeping 5% here in the calculator also do remember that
taking this trade for 10,000 rupees and you're buying and entering the stock you'll be charged 20 plus 20 40 rupees as Brokerage in most of the Brokers and after this you'll also have the government charges GST and taxes as well
so uh there it will deeply hit your profitability so if your target was to make 100 rupees and you're losing out let's say 50 rupees to charges and taxes imagine what will be your level of profitability at the end of one month
after having multiple winning trades and multiple losing trades as well so please ensure that you start with this Capital you see how your performance is without giving much weightage to charges and brokerages and if you're being a really
good Trader then you can think about increasing your capital I would say even an intraday Trader even a small beginner intraday Trader should be coming into the market with at least 50,000 Rupees as capital to trade so that's all we
have to discuss for this video I'm reminding you that the oel strategy is a very very powerful strategy it's being used by beginners as well as veteran Traders even throughout the world not just in India but the people who win are
those who take their intelligent price action based decisions those who decide to inculcate or incorporate multiple technical indicators into this basic setup and you should also be very very mindful about your position sizing as
for the video let me know about any thoughts you have about the strategy down in the comment section and if you want to learn about any new strategies comment that down below as well as always this is AIT signing off see you
all in another video bye-bye [Music]