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Bearish MFI Supertrend

The short strategy uses money flow index and supertrend to send alerts

Order Type

MIS

Position Type

SELL

Time Frame

5min

Entry Conditions

Multitime frame(5min, MFI(20,0) crosses below 50 ) and Multitime frame(5min, Supertrend(7,3,0) higher than Close(0) )

SELL 10 shares when Multitime frame(5min, MFI(20,0) crosses below 50 ) and Multitime frame(5min, Supertrend(7,3,0) higher than Close(0) ) at 5min candle interval using Candlestick chart. Enter trade between 00:00 to 23:59

Exit Conditions

BUY 10 shares at stop loss % of 1 or target profit % of 2 at 5min candle interval using Candlestick chart.

Stop Loss

1

Target Profit

2

Stocks

  • NSE

    ADANIENT

  • NSE

    ADANIPORTS

  • NSE

    APOLLOHOSP

  • NSE

    ASIANPAINT

  • NSE

    AXISBANK

  • NSE

    BAJAJ-AUTO

  • NSE

    BPCL

  • NSE

    CIPLA

  • NSE

    DIVISLAB

  • NSE

    HCLTECH

  • NSE

    HDFCLIFE

  • NSE

    HEROMOTOCO

  • NSE

    ITC

  • NSE

    MARUTI

  • NSE

    NTPC

  • NSE

    NESTLEIND

  • NSE

    ONGC

  • NSE

    SBIN

  • NSE

    TCS

  • NSE

    TATAMOTORS

  • NSE

    TATASTEEL

  • NSE

    TITAN