Learn this Nifty 15-minute opening range reversal strategy using a 5-minute chart! ๐
This NIFTY intraday trading setup uses the first 15-minute candle high and low to identify potential breakout failures and reversal opportunities.
๐ **Strategy Rules:**
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Mark the first 15-minute candle high and low.
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Switch to the 5-minute chart.
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Identify the breakout candle and mark its high or low.
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Wait for a candle close beyond the marked level to confirm a potential reversal entry.
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Target the opposite side of the opening range or trail your profits.
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โ ๏ธ Trading involves risk. Backtest and paper trade before using real capital. Results are not guaranteed.
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โ ๏ธ Educational content only. Not a SEBI-registered investment adviser or research analyst. Nothing here is advice, a recommendation, or a signal. Backtests are historical, not a guarantee of future results.
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