Positional Future and optional Strategy:

Chart timing: 1 hour

Indicator: envelope/ENV/Moving average envelope

Setting:

How to trade:
Buying signal
1. When bullish candle cut upper line of ENV from bottom and close above ENV upper line.
2. Second bullish candle make higher high.
3. Buy the trade on second candle high with buffer. (high +buffer)

Short Signal
1. When bearish candle cut lower line of ENV from top and close below the ENV lower line.
2. Second bearish candle make lower low.
3. Sell the trade on second candle low with buffer. (low –buffer)

Buffer/stop loss/exit:

Details Buffer Target for Target for 2nd Stop loss

1st Lot Lot
Bank Nifty Future 15 150 300 150
Nifty Future 5 75 Trend reversal Wait for trend
reversal
Reliance Future 1 20 Trend reversal Wait for trend
reversal
Bearish candle cut ENV lower line
from top and close below it. Second
candle make lower low