ScannersStrategies

Pivot Points Sell Strategy

The strategy takes a sell position when a bullish signal is followed by a bearish signal on the very next candle, negating the bullish signal. The strategy is suitable for bearish trending markets.

Order Type

MIS

Position Type

SELL

Time Frame

5min

Entry Conditions

Multitime frame(5min, Close(-1) crosses above Pivot point(pp,standard,No) ) and Multitime frame(5min, Close(0) crosses below Pivot point(pp,standard,No) )

SELL 100 shares when Multitime frame(5min, Close(-1) crosses above Pivot point(pp,standard,No) ) and Multitime frame(5min, Close(0) crosses below Pivot point(pp,standard,No) ) at 5min candle interval using Candlestick chart chart. Enter trade between 00:00 to 23:59

Exit Conditions

BUY 100 shares at stop loss % of 1 or target profit % of 2 at 5min candle interval using Candlestick chart chart.

Stop Loss

1

Target Profit

2

Stocks

  • NSE

    ASIANPAINT

  • NSE

    BAJAJ-AUTO

  • NSE

    BHARTIARTL

  • NSE

    DRREDDY

  • NSE

    HINDUNILVR

  • NSE

    ICICIBANK

  • NSE

    INDUSINDBK

  • NSE

    JIOFIN

  • NSE

    M&M

  • NSE

    MARUTI

  • NSE

    NTPC

  • NSE

    ONGC

  • NSE

    TATAMOTORS

  • NSE

    TECHM