ScannersStrategies

ADX PROC Short

The strategy takes a short position when strong bearish momentum is indicated by a combination of PROC, EMA and ADX.

Order Type

MIS

Position Type

SELL

Time Frame

5min

Entry Conditions

Multitime frame(5min, Close(0) lower than EMA(close, 5, 0) ) and Multitime frame(5min, Proc(close,14,0) lower than 0 ) and Multitime frame(5min, ADX(14,0) higher than 10 )

SELL 1 share when Multitime frame(5min, Close(0) lower than EMA(close, 5, 0) ) and Multitime frame(5min, Proc(close,14,0) lower than 0 ) and Multitime frame(5min, ADX(14,0) higher than 10 ) at 5min candle interval using Candlestick chart. Enter trade between 00:00 to 23:59

Exit Conditions

BUY 1 share at stop loss % of 1 or target profit % of 2.5 at 5min candle interval using Candlestick chart.

Stop Loss

1

Target Profit

2.5

Stocks

  • NSE

    ADANIENT

  • NSE

    ADANIPORTS

  • NSE

    APOLLOHOSP

  • NSE

    BHARTIARTL

  • NSE

    HDFCBANK

  • NSE

    INDUSINDBK

  • NSE

    POWERGRID

  • NSE

    TRENT