ScannersStrategies

Bollinger riding

The strategy captures the price moves which deviate from the usual move. It is more powerful in a bullish trending market. Bollinger Band is used to find unusual moves and price action is used to avoid false signals.

Order Type

MIS

Position Type

BUY

Time Frame

15min

Entry Conditions

Close(-1) higher than Open(-1) and Close(-1) higher than UBB(Close,20,2,simple,0) and Open(-1) lower than UBB(Close,20,2,simple,0) and Close(0) higher than Open(0) and Open(0) higher than UBB(Close,20,2,simple,0)

BUY 100 shares when Close(-1) higher than Open(-1) and Close(-1) higher than UBB(Close,20,2,simple,0) and Open(-1) lower than UBB(Close,20,2,simple,0) and Close(0) higher than Open(0) and Open(0) higher than UBB(Close,20,2,simple,0) at 15min candle interval using Candlestick chart chart. Enter trade between 00:00 to 23:59

Exit Conditions

Close(0) crosses below UBB(Close,20,1,simple,0)

SELL 100 shares when Close(0) crosses below UBB(Close,20,1,simple,0) or at stop loss % of 10 or target profit % of 10 at 15min candle interval using Candlestick chart chart.

Stop Loss

10

Target Profit

10

Stocks

  • NSE

    ADANIENT

  • NSE

    ADANIPORTS

  • NSE

    APOLLOHOSP

  • NSE

    ASIANPAINT

  • NSE

    AXISBANK

  • NSE

    BAJAJ-AUTO

  • NSE

    BAJFINANCE

  • NSE

    BAJAJFINSV

  • NSE

    BEL

  • NSE

    BPCL

  • NSE

    BHARTIARTL

  • NSE

    BRITANNIA

  • NSE

    CIPLA

  • NSE

    COALINDIA

  • NSE

    DRREDDY

  • NSE

    HEROMOTOCO

  • NSE

    HINDUNILVR

  • NSE

    ITC

  • NSE

    INDUSINDBK

  • NSE

    KOTAKBANK

  • NSE

    M&M

  • NSE

    NTPC

  • NSE

    NESTLEIND

  • NSE

    POWERGRID

  • NSE

    RELIANCE

  • NSE

    SBILIFE

  • NSE

    SHRIRAMFIN

  • NSE

    SBIN

  • NSE

    TATASTEEL

  • NSE

    TRENT

  • NSE

    ULTRACEMCO