ScannersStrategies

2nd Candle Opening Range Breakout Long

The strategy takes a long position when the stock trades and crosses above the 2nd Candle High.

Order Type

MIS

Position Type

BUY

Time Frame

5min

Entry Conditions

Multitime frame(5min, Close(0) crosses above Nth candle(High,15min,2) )

BUY 10 shares when Multitime frame(5min, Close(0) crosses above Nth candle(High,15min,2) ) at 5min candle interval using Candlestick chart. Enter trade between 00:00 to 23:59

Exit Conditions

Multitime frame(5min, Close(0) crosses below Nth candle(Low,15min,2) )

SELL 10 shares when Multitime frame(5min, Close(0) crosses below Nth candle(Low,15min,2) ) or at stop loss % of 1 or target profit % of 1.5 at 5min candle interval using Candlestick chart.

Stop Loss

1

Target Profit

1.5

Stocks

  • NSE

    ADANIENT

  • NSE

    ADANIPORTS

  • NSE

    APOLLOHOSP

  • NSE

    ASIANPAINT

  • NSE

    AXISBANK

  • NSE

    BAJAJ-AUTO

  • NSE

    BHARTIARTL

  • NSE

    CIPLA

  • NSE

    DRREDDY

  • NSE

    HDFCLIFE

  • NSE

    HINDUNILVR

  • NSE

    ICICIBANK

  • NSE

    ITC

  • NSE

    JSWSTEEL

  • NSE

    KOTAKBANK

  • NSE

    LT

  • NSE

    MARUTI

  • NSE

    NESTLEIND

  • NSE

    TATACONSUM

  • NSE

    TITAN

  • NSE

    WIPRO