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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.

Order Type

MIS

Position Type

BUY

Time Frame

15min

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

    DRREDDY

  • NSE

    ETERNAL

  • NSE

    HCLTECH

  • NSE

    HEROMOTOCO

  • NSE

    HINDUNILVR

  • NSE

    ICICIBANK

  • NSE

    INFY

  • NSE

    KOTAKBANK

  • NSE

    LT

  • NSE

    M&M

  • NSE

    MARUTI

  • NSE

    NESTLEIND

  • NSE

    RELIANCE

  • NSE

    SBILIFE

  • NSE

    SUNPHARMA

  • NSE

    TATACONSUM

  • NSE

    TATAMOTORS

  • NSE

    TITAN