Oversold Bullish Momentum

The strategy checks for oversold periods using the RSI indicator. A buy signal is generated when bullish momentum is established as confirmed by MACD indicator crossover. The strategy us suitable for bullish trending markets.

Entry Conditions

RSI(14,-5) lower than 30 and MACD(12,26,9,macd,0) crosses above MACD(12,26,9,signal,0)

BUY 10 shares when RSI(14,-5) lower than 30 and MACD(12,26,9,macd,0) crosses above MACD(12,26,9,signal,0) at 15min candle interval using Candlestick chart chart. Enter trade between 00:00 to 23:59

Exit Conditions

SELL 10 shares at stop loss % of 1 or target profit % of 2 at 15min candle interval using Candlestick chart chart.

Stop Loss

1

Target Profit

2

Stocks

• NSE

  ADANIENT

• NSE

  ADANIPORTS

• NSE

  APOLLOHOSP

• NSE

  ASIANPAINT

• NSE

  AXISBANK

• NSE

  BAJAJ-AUTO

• NSE

  BAJFINANCE

• NSE

  BAJAJFINSV

• NSE

  BEL

• NSE

  BHARTIARTL

• NSE

  CIPLA

• NSE

  COALINDIA

• NSE

  DRREDDY

• NSE

  HDFCBANK

• NSE

  HDFCLIFE

• NSE

  HEROMOTOCO

• NSE

  HINDUNILVR

• NSE

  ICICIBANK

• NSE

  INDUSINDBK

• NSE

  JSWSTEEL

• NSE

  KOTAKBANK

• NSE

  LT

• NSE

  MARUTI

• NSE

  NTPC

• NSE

  NESTLEIND

• NSE

  ONGC

• NSE

  RELIANCE

• NSE

  SBILIFE

• NSE

  SBIN

• NSE

  SUNPHARMA

• NSE

  TATASTEEL

• NSE

  TRENT

• NSE

  ULTRACEMCO