ScannersStrategies

MFI Stochastics Short

The strategy takes a short position when Stochastic and MFI indicates bearish momentum, confirmed by Supertrend.

Order Type

MIS

Position Type

SELL

Time Frame

5min

Entry Conditions

Multitime frame(5min, MFI(20,0) lower than 80 ) and Multitime frame(5min, Stochastic Momentum Index(%k,10,3,3,10,0) crosses below Stochastic Momentum Index(%d,10,3,3,10,0) ) and Multitime frame(5min, Close(0) lower than Supertrend(10,2,0) )

SELL 1 share when Multitime frame(5min, MFI(20,0) lower than 80 ) and Multitime frame(5min, Stochastic Momentum Index(%k,10,3,3,10,0) crosses below Stochastic Momentum Index(%d,10,3,3,10,0) ) and Multitime frame(5min, Close(0) lower than Supertrend(10,2,0) ) at 5min 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 5min candle interval using Candlestick chart.

Stop Loss

1

Target Profit

2.5

Stocks

  • NSE

    ADANIENT

  • NSE

    ADANIPORTS

  • NSE

    APOLLOHOSP

  • NSE

    ASIANPAINT

  • NSE

    AXISBANK

  • NSE

    BAJAJFINSV

  • NSE

    COALINDIA

  • NSE

    ETERNAL

  • NSE

    INDUSINDBK

  • NSE

    NTPC

  • NSE

    ONGC

  • NSE

    SHRIRAMFIN

  • NSE

    SBIN

  • NSE

    TATACONSUM

  • NSE

    TATAMOTORS

  • NSE

    TRENT

  • NSE

    WIPRO