Power of Stocks - 5 EMA Option Buying Strategy

This indicator is based on the Power of Stocks 5 EMA option buying methodology.

Bullish Setup (CE Buy):

1. Alert candle forms completely below the 5 EMA.

2. Price breaks above the alert candle high.

3. Volume confirmation is required.

4. Buy CE after breakout confirmation.

5. Stop loss below alert candle low.

Bearish Setup (PE Buy):

1. Alert candle forms completely above the 5 EMA.

2. Price breaks below the alert candle low.

3. Volume confirmation is required.

4. Buy PE after breakout confirmation.

5. Stop loss above alert candle high.

Recommended:

- Nifty and BankNifty Options

- 15 Minute timeframe for CE setups

- 5 Minute timeframe for PE setups

This indicator is for educational purposes only and does not constitute financial advice.