ScannersStrategies

RSI MACD Short

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

Order Type

MIS

Position Type

SELL

Time Frame

5min

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

  • NSE

    ADANIPORTS

  • NSE

    APOLLOHOSP

  • NSE

    ASIANPAINT

  • NSE

    AXISBANK

  • NSE

    BPCL

  • NSE

    COALINDIA

  • NSE

    HCLTECH

  • NSE

    HEROMOTOCO

  • NSE

    HINDALCO

  • NSE

    LT

  • NSE

    MARUTI

  • NSE

    POWERGRID

  • NSE

    RELIANCE

  • NSE

    SBIN

  • NSE

    TCS

  • NSE

    TATAMOTORS

  • NSE

    TATASTEEL

  • NSE

    WIPRO