First 15 min candle breakout strategy

 

First 15 min candle breakout strategy

 

*Step - 1*
Rule : Mark high and low points of first 15 minute movement / candle of nifty

*Step - 2*
Rule : Wait for break this range in either direction.
As you can see, break the low on 2nd 15 min. candle, but closed above that, the very next candle did closed below the low.
The 1st 15 min. low was marked, and 3rd or 9:45 Candle closed.


*Step - 3*
Short or long position in Bank nifty can be covered with a gap of approx. 50 points.


*Step -4*
Stop loss for such positions should be B. nifty  closing above the high of first 15 mins.