RSI MACD Short

A short position is taken by the strategy when a strong downtrend is indicated by MACD and RSI.

Entry Conditions

Multitime frame(5min, RSI(14,0) lower than 70 ) and Multitime frame(5min, MACD(12,26,9,macd,0) crosses below MACD(12,26,9,signal,0) )

SELL 1 share when Multitime frame(5min, RSI(14,0) lower than 70 ) and Multitime frame(5min, MACD(12,26,9,macd,0) crosses below MACD(12,26,9,signal,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

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  ADANIPORTS

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  APOLLOHOSP

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  ASIANPAINT

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  AXISBANK

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  BAJAJ-AUTO

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  BAJFINANCE

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  COALINDIA

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  EICHERMOT

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  HCLTECH

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  HDFCLIFE

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  HEROMOTOCO

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