Comparative RS Bearish Divergence

The strategy takes a buy position when the stock breakouts out of a downtrend and it is confirmed by a breakout in Comparative Relative Strength

Order Type

CNC/NRML

Position Type

SELL

Time Frame

5min

Entry Conditions

Multitime frame(5min,Period max(30, High(-1) ) ) higher than Multitime frame(5min,Period max(20, High(-31) ) ) and Multitime frame(5min,Period max(30, High(-1) / Symbol(INDICES_NIFTY 50, High(-1) ) ) ) lower than Multitime frame(5min,Period max(30, High(-11) / Symbol(INDICES_NIFTY 50, High(-31) ) ) )

SELL 1 share when Multitime frame(5min,Period max(30, High(-1) ) ) higher than Multitime frame(5min,Period max(20, High(-31) ) ) and Multitime frame(5min,Period max(30, High(-1) / Symbol(INDICES_NIFTY 50, High(-1) ) ) ) lower than Multitime frame(5min,Period max(30, High(-11) / Symbol(INDICES_NIFTY 50, High(-31) ) ) ) at 5min candle interval using Candlestick chart chart. Enter trade between 00:00 to 23:59

Exit Conditions

BUY 1 share at stop loss % of 2 or target profit % of 6 at 5min candle interval using Candlestick chart chart.

Stop Loss

Target Profit

Stocks

NSE
ADANIENT
NSE
BAJAJ-AUTO
NSE
INDUSINDBK
NSE
TATACONSUM
NSE
TITAN