MOM OBV Short

The strategy takes a short position when Momentum indicator gives a sell signal and volume increases significantly.

Entry Conditions

Multitime frame(5min, MOM(14,0) lower than 0 ) and Multitime frame(5min, OBV(0) crosses below OBV(5) )

SELL 1 share when Multitime frame(5min, MOM(14,0) lower than 0 ) and Multitime frame(5min, OBV(0) crosses below OBV(5) ) 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

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  AXISBANK

• NSE

  BAJAJ-AUTO

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  BAJFINANCE

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  BAJAJFINSV

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  BEL

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  BPCL

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  BHARTIARTL

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  BRITANNIA

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  CIPLA

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  COALINDIA

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  DRREDDY

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  EICHERMOT

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  HDFCBANK

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  HINDALCO

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  ITC

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  INDUSINDBK

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  JSWSTEEL

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  LT

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  NESTLEIND

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  ONGC

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  POWERGRID

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  RELIANCE

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  SBILIFE

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  SBIN

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  TATACONSUM

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  TATAMOTORS

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  TATASTEEL

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  TRENT

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  WIPRO