On a 15-min chart, identify trend via 20/50 EMA slope. Enter on pullback to a Fib level (38.2%–61.8%) that aligns with an EMA. Stop beyond the deeper Fib; target the recent swing.
Timeframe: 15m
Indicators: EMA 20/50, Fibonacci retracement
Moving average + Fibonacci — illustrative synthetic chartEMA 20EMA 50
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
Educational content only
Every strategy here is an educational description of a widely-known technical setup. Past behavior does not guarantee future results. The chart above uses synthetic price data generated for illustration — real market behavior varies. Backtest, paper-trade, and size responsibly before risking real capital.