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
ADANIPORTS
NSE
APOLLOHOSP
NSE
ASIANPAINT
NSE
AXISBANK
NSE
BAJAJ-AUTO
NSE
BAJFINANCE
NSE
BAJAJFINSV
NSE
BEL
NSE
BPCL
NSE
BHARTIARTL
NSE
BRITANNIA
NSE
CIPLA
NSE
COALINDIA
NSE
DRREDDY
NSE
EICHERMOT
NSE
GRASIM
NSE
HCLTECH
NSE
HDFCBANK
NSE
HDFCLIFE
NSE
HEROMOTOCO
NSE
HINDALCO
NSE
HINDUNILVR
NSE
ICICIBANK
NSE
ITC
NSE
INDUSINDBK
NSE
INFY
NSE
KOTAKBANK
NSE
MARUTI
NSE
NTPC
NSE
NESTLEIND
NSE
ONGC
NSE
POWERGRID
NSE
RELIANCE
NSE
SBILIFE
NSE
SHRIRAMFIN
NSE
SUNPHARMA
NSE
TATACONSUM
NSE
TATAMOTORS
NSE
TITAN