ScannersStrategies

Comparative RS Bearish Divergence

The strategy takes a buy position when the stock breakouts out of a downtrend and it is confirmed by a breakout in Comparative Relative Strength

Order Type

CNC/NRML

Position Type

SELL

Time Frame

5min

Entry Conditions

Multitime frame(5min,Period max(30, High(-1) ) ) higher than Multitime frame(5min,Period max(20, High(-31) ) ) and Multitime frame(5min,Period max(30, High(-1) / Symbol(INDICES_NIFTY 50, High(-1) ) ) ) lower than Multitime frame(5min,Period max(30, High(-11) / Symbol(INDICES_NIFTY 50, High(-31) ) ) )

SELL 1 share when Multitime frame(5min,Period max(30, High(-1) ) ) higher than Multitime frame(5min,Period max(20, High(-31) ) ) and Multitime frame(5min,Period max(30, High(-1) / Symbol(INDICES_NIFTY 50, High(-1) ) ) ) lower than Multitime frame(5min,Period max(30, High(-11) / Symbol(INDICES_NIFTY 50, High(-31) ) ) ) at 5min candle interval using Candlestick chart chart. Enter trade between 00:00 to 23:59

Exit Conditions

BUY 1 share at stop loss % of 2 or target profit % of 6 at 5min candle interval using Candlestick chart chart.

Stop Loss

2

Target Profit

6

Stocks

  • NSE

    ADANIENT

  • NSE

    ADANIPORTS

  • NSE

    APOLLOHOSP

  • NSE

    ASIANPAINT

  • NSE

    AXISBANK

  • NSE

    BAJAJ-AUTO

  • NSE

    BAJFINANCE

  • NSE

    BAJAJFINSV

  • NSE

    BEL

  • NSE

    CIPLA

  • NSE

    DRREDDY

  • NSE

    HCLTECH

  • NSE

    MAXHEALTH

  • NSE

    ICICIBANK

  • NSE

    INDIGO

  • NSE

    INFY

  • NSE

    POWERGRID

  • NSE

    RELIANCE

  • NSE

    SUNPHARMA

  • NSE

    TCS

  • NSE

    TATAMOTORS

  • NSE

    TECHM

  • NSE

    TRENT

  • NSE

    ULTRACEMCO

  • NSE

    WIPRO