Moving Average - Price should above 200 Period Moving Average
Entry - 10 Period RSI Below 30
Exit - 10 Period RSI Above 50
Stop Loss - Recent Swing Low
I hope you understood the pullback trading rules.
Chart 1 : Reliance 9.68% Up
The price was clearly above the 200 Period Moving Average in the chart below, and the RSI 10 period was below 30, indicating that the pullback rule was satisfied.
Chart 2 : SBIN 9.4% Up
The price was clearly above the 200 Period Moving Average in the chart below, and the RSI 10 period was below 30, indicating that the pullback rule was satisfied.
Chart 3 : TCS 3.13% UP
Pullback rule satisfied
Chart 4 : Bank Nifty 2.51 % UP
Chart 5 : Wipro 3.76 % UP
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Can you please elaborate about entry, like what could be the level for entry ? Dose it need to cross the high of the candle approaching rsi below level 30
Anupam_Trade_it
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Thanks for sharing Idea! . One question - MA would be SMA or EMA
Thank you for your valuable contribution to the Tradingview community and keep up the good work!