ScannersStrategies

MACD Pivot Short

The trend following strategy takes a long position when MACD gives sell signal and the stock trades lower then the Fibonacci pivot point.

Order Type

MIS

Position Type

SELL

Time Frame

hour

Entry Conditions

Multitime frame(hour, MACD(12,26,9,macd,0) crosses below MACD(12,26,9,signal,0) ) and Multitime frame(hour, Close(0) lower than Pivot point(pp,fibonacci,No) )

SELL 1 share when Multitime frame(hour, MACD(12,26,9,macd,0) crosses below MACD(12,26,9,signal,0) ) and Multitime frame(hour, Close(0) lower than Pivot point(pp,fibonacci,No) ) at hour candle interval using Candlestick chart. Enter trade between 00:00 to 23:59

Exit Conditions

BUY 1 share at stop loss % of 1 or target profit % of 2.5 at hour candle interval using Candlestick chart.

Stop Loss

1

Target Profit

2.5

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

    HINDALCO

  • NSE

    HINDUNILVR

  • NSE

    ITC

  • NSE

    INDUSINDBK

  • NSE

    JSWSTEEL

  • NSE

    M&M

  • NSE

    NTPC

  • NSE

    ONGC

  • NSE

    RELIANCE

  • NSE

    SBILIFE

  • NSE

    SHRIRAMFIN

  • NSE

    SBIN

  • NSE

    SUNPHARMA

  • NSE

    TATASTEEL

  • NSE

    TECHM