ScannersStrategies

MOM OBV Short

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

Order Type

MIS

Position Type

SELL

Time Frame

5min

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

  • NSE

    AXISBANK

  • NSE

    BAJAJFINSV

  • NSE

    BHARTIARTL

  • NSE

    GRASIM

  • NSE

    INDUSINDBK

  • NSE

    JSWSTEEL

  • NSE

    NTPC

  • NSE

    SHRIRAMFIN

  • NSE

    TATAMOTORS