ScannersStrategies

Double RSI crossover

The strategy takes a long position when RSI indicates a bullish trend confirmed by Pivot Point

Order Type

MARKET

Position Type

BUY

Time Frame

5min

Entry Conditions

Multitime frame completed(4hour, RSI(25,0) crosses above RSI(100,0) )

BUY with max allocation 50000 shares when Multitime frame completed(4hour, RSI(25,0) crosses above RSI(100,0) ) at 5 minutes candle interval using Candlestick chart chart. Enter trade between 10:30 to 15:30

Exit Conditions

Multitime frame completed(4hour, RSI(14,0) ) crosses below 65

SELL with max allocation 50000 shares when Multitime frame completed(4hour, RSI(14,0) ) crosses below 65 or at stop loss of 5% or target profit of 20% with a Trailing SL % of 5 at 5 minutes candle interval using Candlestick chart chart.

Stop Loss

5

Target Profit

20

Stocks

  • NSE

    ADANIENT

  • NSE

    ADANIPORTS

  • NSE

    APOLLOHOSP

  • NSE

    AXISBANK

  • NSE

    BAJAJ-AUTO

  • NSE

    BFINVEST

  • NSE

    BFUTILITIE

  • NSE

    BHARTIARTL

  • NSE

    BPCL

  • NSE

    BRITANNIA

  • NSE

    CIPLA

  • NSE

    COALINDIA

  • NSE

    DATAPATTNS

  • NSE

    DIVISLAB

  • NSE

    DRREDDY

  • NSE

    EICHERMOT

  • NSE

    ELGIEQUIP

  • NSE

    GRASIM

  • NSE

    HCLTECH

  • NSE

    HDFCBANK

  • NSE

    HDFCLIFE

  • NSE

    HEROMOTOCO

  • NSE

    HINDALCO

  • NSE

    ICICIBANK

  • NSE

    INDUSINDBK

  • NSE

    INFY

  • NSE

    INTELLECT

  • NSE

    JSWINFRA

  • NSE

    JSWSTEEL

  • NSE

    KOTAKBANK

  • NSE

    LT

  • NSE

    LTIM

  • NSE

    MARATHON

  • NSE

    RAILTEL

  • NSE

    RICOAUTO

  • NSE

    SONACOMS

  • NSE

    TATAMOTORS

  • NSE

    TATAMTRDVR