Price Action Strategy Using Moving Average & Candlestick

The price action strategy trading is most simple yet powerful stock market strategy you’ll ever find.

Timeframes : 15 Minute

Pairs : Indian Stock (Future Script)

Indicators: Moving Average(SMA,20)

Chart: Candlestick, Bar chart

For Buying 

candle should be Open=low
candle opening should be below of Moving average(20,SMA)
and close price should be above moving average(20,SMA) line

Trade setup
Entry Point: once candle high break then go for Buy
Stoploss: Candle Low keep stoploss
Target: 1% of Scrip or keep Candle High low difference or
best way keep trailing stoploss once 1% target achieved

Example mentioned below

For Selling 

First identify Conditions for Selling
candle should be Open=High
candle opening should be above of Moving average(20,SMA)
and close price should be below moving average(20,SMA) line

Trade setup
Entry Point: once candle Low break then go for Sell
Stoploss: Candle High keep stoploss
Target: 1% of Scrip or keep Candle High low difference or 

best way keep trailing stoploss once 1% target achieved