5 EMA Alert Candle: Sell Setup
The latest 15-minute candle trades entirely above the 5 EMA while the 5 EMA is below the 20 EMA and price is below VWAP: a bounce candle inside an intraday downtrend. 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 sell setup the alert candle trades entirely above the 5 EMA, which shows price has bounced hard in a downtrend. This scan lists NSE stocks whose latest 15-minute candle has its low above the 5 EMA, where the 5 EMA is below the 20 EMA and price is below VWAP, on Rs 5 Cr of last-session turnover. The trend and VWAP rules are this scan's additions to keep out strong stocks. It lists the alert candle only. The mirror scan is 5 EMA Alert Candle: Buy Setup.
Scan Rules
Stock passes all of the below filters in the ALL segment using 15M candles:
- 1.Low greater than EMA 5
- 2.EMA 5 less than EMA 20
- 3.Close less than VWAP
- 4.Traded Value (Rs lakh) greater than or equal to 500
Last Session Sample
As of 2026-11-06 15:15, 16 stocks passed every rule. The 5 below are the strongest movers on the list.
| Symbol | Close | Change vs previous close |
|---|---|---|
| KMEW | 655.2 | -79.23% |
| TDPOWERSYS | 579.05 | -13.85% |
| AZAD | 2428.8 | -6.2% |
| 3MINDIA | 27500 | -5.98% |
| CONFIPET | 60.25 | -5.26% |
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 low before selling.
- •The alert candle's high 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 a downtrend that means the whole candle sits above the average, an unusually sharp bounce.
Why does the scan add 5 EMA below 20 EMA and price below VWAP?
To keep the setup in the direction of the intraday trend. Without them the list also includes stocks that are simply rising.
Does it work on other timeframes?
Yes. The rule runs on 5m, 15m, 1h and 1d candles. The default is 15m.