5 EMA Alert Candle: Buy Setup
The latest 15-minute candle trades entirely below the 5 EMA while the 5 EMA is above the 20 EMA and price is above VWAP: a pullback candle inside an intraday uptrend. This is the alert candle only.
About This Scan
The 5 EMA method looks for a candle that stays away from the 5-period EMA. For a buy setup the alert candle trades entirely below the 5 EMA, which shows price has pulled back hard in an uptrend. This scan lists NSE stocks whose latest 15-minute candle has its high below the 5 EMA, where the 5 EMA is above the 20 EMA and price is above VWAP, on Rs 5 Cr of last-session turnover. The trend and VWAP rules are this scan's additions to keep out weak stocks. It lists the alert candle only. The mirror scan is 5 EMA Alert Candle: Sell Setup.
Scan Rules
Stock passes all of the below filters in the ALL segment using 15M candles:
- 1.High less than EMA 5
- 2.EMA 5 greater than EMA 20
- 3.Close greater than VWAP
- 4.Traded Value (Rs lakh) greater than or equal to 500
Last Session Sample
As of 2026-11-06 15:15, 8 stocks passed every rule. The 5 below are the strongest movers on the list.
| Symbol | Close | Change vs previous close |
|---|---|---|
| GLENMARK | 2590 | +4.36% |
| SUNPHARMA | 1860 | +1.69% |
| INDHOTEL | 888 | +1.49% |
| SOTL | 676.4 | +1.15% |
| MARUTI | 12750 | +0.77% |
Sign in to see the full list, the sector breakdown, a clickable history of every candle and extra columns. Past matches are not a forecast.
How To Use This Scan
- •An alert candle is not an entry. Followers of the method usually wait for a later candle to break the alert candle's high before buying.
- •The alert candle's low is the usual stop reference. Size the position to that distance.
- •Change the interval to 5m or 1h to test the same idea on other candles. This scan has not been back-tested for an edge.
Frequently Asked Questions
What is the 5 EMA alert candle?
A candle that does not touch the 5-period EMA at all. In an uptrend that means the whole candle sits below the average, an unusually deep pullback.
Why does the scan add 5 EMA above 20 EMA and price above VWAP?
To keep the setup in the direction of the intraday trend. Without them the list also includes stocks that are simply falling.
Does it work on other timeframes?
Yes. The rule runs on 5m, 15m, 1h and 1d candles. The default is 15m.