RSI Crossover 60/40- Daily Chart

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Scan Description: 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

RSI Crossover 60/40- Daily Chart

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