NIFTY 50 Reversal Strategy

🎯 Entry Rules:
🔴 Bearish Reversal Setup (Short Trade)
🔹 Conditions to Enter a SHORT Trade:

Price hits a strong resistance (Pivot Point, Supply Zone, or Fibonacci 61.8%)
Bearish candlestick confirmation:
Bearish Engulfing
Shooting Star (Long wick on top)
Doji (Indecision) after an uptrend
EMA Crossover: EMA 10 crosses below EMA 50
RSI above 70 (overbought) or shows Bearish Divergence
VWAP Rejection (Price touches VWAP & drops)
Volume Drops or Spikes Bearishly (Volume confirmation)
✅ ENTRY: Enter a SHORT position on the next candle close after confirmation.
🎯 TARGETS:

Target 1: Next Pivot Support or 0.5% drop
Target 2: Fibonacci 50% retracement
Target 3: VWAP Mean Reversion
🛑 STOP-LOSS:

Above the recent swing high / wick (+0.2% buffer)
ATR-based SL for volatility
🟢 Bullish Reversal Setup (Long Trade)
🔹 Conditions to Enter a LONG Trade:

Price hits a strong support (Pivot Point, Demand Zone, or Fibonacci 61.8%)
Bullish candlestick confirmation:
Bullish Engulfing
Hammer / Pin Bar (Long wick at bottom)
Doji (Indecision) at Support
EMA Crossover: EMA 10 crosses above EMA 50
RSI below 30 (oversold) or shows Bullish Divergence
VWAP Support (Price touches VWAP & bounces)
Volume Surge in Bullish Candles
✅ ENTRY: Enter a LONG position on the next candle close after confirmation.
🎯 TARGETS:

Target 1: Next Pivot Resistance or 0.5% rise
Target 2: Fibonacci 50% retracement
Target 3: VWAP Mean Reversion
🛑 STOP-LOSS:

Below the recent swing low / wick (-0.2% buffer)
ATR-based SL for volatility