ScannersStrategies

DEMA RSI Retracement

The strategy takes a sell position when RSI gives a bearish signal after a small upmove in a general downtrend. The strategy is suitable for bearish trending markets.

Order Type

MIS

Position Type

SELL

Time Frame

5min

Entry Conditions

Multitime frame(15min, Close(0) lower than DEMA(close,200,0) ) and Multitime frame(15min, RSI(14,0) crosses below 50 )

SELL 10 shares when Multitime frame(15min, Close(0) lower than DEMA(close,200,0) ) and Multitime frame(15min, RSI(14,0) crosses below 50 ) at 5min candle interval using Candlestick chart chart. Enter trade between 00:00 to 23:59

Exit Conditions

Multitime frame(15min, Candle Time(hourofcandle) equal to 15 ) and Multitime frame(15min, Candle Time(minuteofcandle) equal to 0 ) and Multitime frame(15min, Close(0) higher than 0.0 )

BUY 10 shares when Multitime frame(15min, Candle Time(hourofcandle) equal to 15 ) and Multitime frame(15min, Candle Time(minuteofcandle) equal to 0 ) and Multitime frame(15min, Close(0) higher than 0.0 ) or at stop loss % of 1 or target profit % of 2 at 5min candle interval using Candlestick chart chart.

Stop Loss

1

Target Profit

2

Stocks

  • NSE

    ADANIENT

  • NSE

    APOLLOHOSP

  • NSE

    AXISBANK

  • NSE

    BAJAJ-AUTO

  • NSE

    BAJFINANCE

  • NSE

    BAJAJFINSV

  • NSE

    BHARTIARTL

  • NSE

    CIPLA

  • NSE

    DRREDDY

  • NSE

    EICHERMOT

  • NSE

    GRASIM

  • NSE

    HCLTECH

  • NSE

    HDFCBANK

  • NSE

    HDFCLIFE

  • NSE

    HINDALCO

  • NSE

    ITC

  • NSE

    JSWSTEEL

  • NSE

    JIOFIN

  • NSE

    LT

  • NSE

    MARUTI

  • NSE

    NTPC

  • NSE

    ONGC

  • NSE

    SBILIFE

  • NSE

    SHRIRAMFIN

  • NSE

    SUNPHARMA

  • NSE

    TCS

  • NSE

    TMPV

  • NSE

    TECHM

  • NSE

    TITAN

  • NSE

    ULTRACEMCO