RSI 60/50/40 Strategy-Long/Short by UJJWAL RAY

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Scan Description: SWING POSITIONAL TRADE: Follow Daily candle chart. RSI(14) indicator marking limits 40/60. Bollinger Band default setting (20,2). LONG Entry at price when RSI(14) cross over 60/50/40 & price cross over previous day high. SHORT Entry at price when daily RSI(14) cross below 60/50/40 & price cross below previous day low. NOTE: For INTRADAY can follow same RSI 60/40 strategy, but using 15 minute candle chart. Even for Nifty/Bank Nifty Derivatives.

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Bullish wma-supertrend-rsi(8) crossover 60 in daily chart- Buy when rsi(8) crossover 60, wma(5) over wma(20), price above supertrend(4,2)
Bearish wma-supertrend-rsi(8) cross below 40 in daily chart- Short when rsi(8) cross below 40, wma-5 below wma-20, price below supertrend(4,2)
Rsi crossover 60/40- daily chart- Check daily candle chart for alerts after or before market hours. buy above previous day's high.. follow daily candle chart. rsi(14) indicator marking limits 60/40. long when rsi(14) crossover 60. short when rsi(14) cross below 40. confirm with price action- support, resistance, trend line and candle pattern. entry long: above high of previous day. stop loss: below low of present swing low. exit when price close below supertrend(4,1). entry short: below low of previous day. stop loss: above high of present swing high. exit when price close above supertrend(4,1). for intraday follow same rsi 60/40 strategy, but using 15 minute candle chart. even for nifty/bank nifty derivatives. note: may use rsi(8) for early alerts
Swing positional trade rsi(14) crossover 60 in 75min chart- Buy when rsi(14) crossover 60, price above supertrend(4,2) on hourly chart. stop loss- low of present swing low. exit- when price closes below supertrend(4,2) on hourly or 75min chart. may use rsi(8) for early alert.