High momentum stock for intraday buy signal.
Daily RSI above 75 - Strong trend can be expected
RSI - usually gives counter trade against the current trend
ema200 - gives directional trade for trend following.
Here both RSI and Moving average gives same direction which increases the winning ratio of RSI significantly.
Universe
Nifty 500
Time Frame
5 Minutes
Conditions
Multitime frame(day, RSI(14,1) ) higher than 75 and Close(1) higher than EMA(close, 200, 1) and RSI(14,1) crosses below 70