Candlestick Analysis
How to set an alert for BankNifty Intraday Strategy [5min TF] ? Set Alert on 77% Profitable Bank-Nifty Back-tested Intraday Strategy with FREE TRIALS
Trend Follower Intraday for 5 minute Time-Frame (Adjustable) , that has the time condition for INDIAN | CRYPTO | FOREX Markets
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Unlike the Free Scripts - Risk Management , Position Sizing , Partial Exit etc. are also included .
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The Timing can be changed to fit other markets, scroll down to "SQUARE-OFF TIME" to know more.
The commission is also included in the strategy .
The basic idea is when ,
1) EMA1 crosses above EMA2 , is a Long condition.
2) EMA1 crosses below EMA2 , is a Short condition.
3) Green Section indicates Long position.
4) Red Section indicates Short position.
5) Allowed hours specifies the trade entry timing .
6) ATR STOP is the stop-loss value on chart , can be adjusted in INPUTS.
7) Target 1 is the 1st target value on chart , can be adjusted in INPUTS.
8) RISK is Maximum Risk per trade for the intraday trade can be changed .
9) Total Capital used can be adjusted under INPUTS.
10) ATR TRAIL is used for trailing after entry , as mentioned in the inputs below.
11) Check trades under the list of trades .
12) Trade only in liquid stocks .
13) Risk only 1-5% of total capital.
14) Inputs can be changed for better back-test results, but also manually check the trades before setting alerts
15) SQUARE OFF TIME - As you change the time frame , also change the square-off time to the candle's closing time.
Eg: For 3min Time-frame , Hour = 2Hrs | Minute = 57min
16) Strategy stops for the day if you have a loss .
17) COMMISSION value is set to 10Rs and SLIPPAGE value is set to 1 . Go to properties to change it .
Apply it to your charts Now !
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Bank Nifty cmp 39283 dated 6-10-2022 SHOOTING STAR Daily ChartBank Nifty cmp 39283 dated 6-10-2022
Daily Chart
1. Shooting Star Candle
2. will get actives below 39230
Sell below 39230 for target 38800-38500-38200 SL 39700
buy above 39650 for target 40200-40500-41200 SL 39200
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
Bank Nifty Cmp 38632 dated 30-9-2022Bank Nifty Cmp 38632 dated 30-9-2022
DAILY Chart Analysis
1. Bullish Engulfing Candlestick On Daily Chart
Have engulfed 2 previous day candles.
Resistance 38850 breakout above target
will be at 39100-39400-39700-40200-40600 SL 37900
Support 37900 breaking below target be at
37200-36500-35500-34800 SL 38400
Bank Nifty 38632 dated 30-9-2022
15 min Chart Intraday levels
1. Buy above 38750 for target 38900-39050-39250 SL 38400
2. Sell below 38490 for target 38350-38200-38000 37950 SL 38700
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
Bank Nifty Cmp 39546 dated 23-9-2022 Daily Chart Positional Levels
Bank Nifty Cmp 39546 dated 23-9-2022
1. Double Top @ 41850
Sell below 39400 for target 39300-38900-38500-
38000-37300 SL 40500
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
ABFRL Cmp 335 dated 23-9-2022 BEARISH ENGULFING AT TOPABFRL Cmp 335 dated 23-9-2022
1. Bearing Engulfing Candlestick @ top of the
chart.
2. RSI had already breakdown
Sell below 333 for target 323-310-300-290-275 SL 250
Disclaimer :
I am not a Sebi registered Analyst so please do
your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses
amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
TVS Motor Cmp 1068 dated 21-9-2022 SHOOTING STAR CANDLE AT TOPTVS Motor Cmp 1068 dated 21-9-2022
1. Shooting Star Candle at Top of the chart.
2. RSI reversal.
Sell below 1065 for a target of 1035-1015-1000 SL 1095
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
Grasim Ltd 1744 dated 16-9-2022 SELL DOUBLE TOP
Grasim Ltd 1744 dated 16-9-2022
1. Bearish Candlestick @ top of the chart.
2. Double Top on chart
Sell @ Cmp for target 1705-1675-1620 SL 1820 (Positional)
for Intrday or 2-3 days keep stop loss 1775-1780
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
Bank Nifty 40777 dated 16-9-2022 SHOOTING STAR WEEKLY CHARTBank Nifty 40777 dated 16-9-2022
1. Shooting Star Candle Weekly Chart
Trading below 40288 will get activate
Sell below 40285 for tgt of 39260-38850-37900
SL 41850
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
Apollo Hospital Cmp 4428 dated 14-9-2022 SHOOTING STAR CANDLE Apollo Hospital Cmp 4428 dated 14-9-2022 SELL
1. Shooting Star Candle (Bearish)
2. Open & Low same ( Bearish)
3. Trendline breakdown @ 4400
Sell below 4400 for target of 4325-4240-4150
SL 4520
Disclaimer :
I am not a Sebi registered Analyst so please do
your own Analysis before taking any action. The
above view is shared just for educational purpose.
By no means shall be responsible for any losses
amounting out of it incase if any trades on it.
Titan Cmp 2645 dated 15-9-2022 SELLTitan Cmp 2656 dated 15-9-2022 SELL
1. Dark Cloud Cover Candle Stick (Bearish)
2. Double Top made
3. RSI Breakdown.
4. Trendline Breakdown
Sell below 2645 for a target 2590-2540-2450-
2400 SL 2725
Disclaimer :
I am not a Sebi registered Analyst so please do
your own Analysis before taking any action. The
above view is shared just for educational purpose.
By no means shall be responsible for any losses
amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
Nifty Today: “Khaya Piya Kuch Nahi, Glass Toda, Barah Aana” - 21Nifty View: Some severe volatility from the Nifty on the very first day of this week – the index oscillated within a wide range of more than 250 points in today's session to post a close at 17,208, a day's loss of 69 points. The fact that it closed negative is not a surprise as the underlying trend is down, but it was the degree of intraday volatility that was severe for any short term trader. The BankNifty was a pocket of strength that managed a positive close; this is a good thing as this index enjoys the maximum weightage in the overall market. On the other hand, it was the broader markets like mid and small cap stocks which got beaten down the most. Strategically it makes sense to maintain a cautiously bearish stance on the market and not look to add long positions aggressively.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.






















