Moving average + Fibonacci

Setup

• Chart: 15-minute candles on Nifty, BankNifty, or a large-cap stock
• Plot EMA 20 and EMA 50; identify the day's trend by their slope and separation
• Long bias: EMA 20 above EMA 50, both sloping up
• Short bias: EMA 20 below EMA 50, both sloping down
• Draw Fibonacci retracement from the last swing low to swing high (or vice versa)

Entry

Enter when price retraces to the 38.2%, 50%, or 61.8% Fib level AND that level aligns roughly with EMA 20 or EMA 50. Confirm with a reversal candle (bullish engulf for longs, bearish engulf for shorts) at the level.

Exit

Take partial profit at the 0% Fib (the swing point being retraced from). Full exit at the 127.2% or 161.8% extension, or on close beyond EMA 20 in the opposite direction.

Stop-loss

Just beyond the next Fib level (if entering at 38.2%, stop is a few points beyond 50%). Never wider than 1.5×ATR(14).

When it works

• Trending day with a clear early-session direction
• Pullbacks are shallow (38.2% or 50%) — deep pullbacks (78.6%) suggest the trend is dying
• Volume expands on the resumption move

When it fails

• Range-bound day — pullbacks overlap; Fib levels get chopped
• Major news event mid-session flips direction
• Both EMAs flat / tangled — no real trend to pull back into

General trading rules that apply

Regardless of the specific setup, these apply to every strategy on this site:

• Never risk more than 2% of your account on a single trade
• Place a hard stop-loss before entering — no exceptions
• Journal every trade: setup, reason, outcome, one lesson
• After two consecutive losses, stop for the session
• Backtest and paper-trade for a month before deploying real capital