Buy when, all following conditions are satisfied,
MACD (6-13-5) is bullish.
AND
Stochastic Oscillator (15-5-3) bullish
AND
- 1st Bullish candle occurred with High-Low >0.145% [Ex: 12.5 pt when nifty @8600] 2. Next 2nd candle retracement <62% i.e CLOSE of next candle not less than 62% of H-L from High of previous candle. 3. Buy must be triggered on next 3rd candle(latest candle) @opening after previous 2nd candle is closed with above 62% retracement condition satisfied.
Similar opposite condition for sell.
Thanks in advance.