ScannersStrategies

Breakout And Bullish Trend

The strategy takes a buy position when the price is in a bullish trend and it breaks above a resistance line. Fractal Chaos bands have been used to identify resistance. Exit is based on Stoploss, Target and the stoploss has also been trailed. The strategy is suitable for bullish trending markets.

Order Type

MIS

Position Type

BUY

Time Frame

5min

Entry Conditions

Close(0) higher than Opening Range(High,hour) and Close(0) crosses above Fractal chaos bands(upper,0) and Period min(5, SMA(close, 20, 0) - SMA(close, 20, -1) ) higher than 0.0

BUY 1 share when Close(0) higher than Opening Range(High,hour) and Close(0) crosses above Fractal chaos bands(upper,0) and Period min(5, SMA(close, 20, 0) - SMA(close, 20, -1) ) higher than 0.0 at 5min candle interval using Candlestick chart chart. Enter trade between 00:00 to 23:59

Exit Conditions

SELL 1 share at stop loss % of 2 or target profit % of 4 at 5min candle interval using Candlestick chart chart.

Stop Loss

2

Target Profit

4

Stocks

  • NSE

    ADANIENT

  • NSE

    ADANIPORTS

  • NSE

    APOLLOHOSP

  • NSE

    ASIANPAINT

  • NSE

    AXISBANK

  • NSE

    BAJAJ-AUTO

  • NSE

    BAJFINANCE

  • NSE

    BAJAJFINSV

  • NSE

    BEL

  • NSE

    BHARTIARTL

  • NSE

    CIPLA

  • NSE

    COALINDIA

  • NSE

    DRREDDY

  • NSE

    EICHERMOT

  • NSE

    ETERNAL

  • NSE

    GRASIM

  • NSE

    HCLTECH

  • NSE

    HDFCLIFE

  • NSE

    INDUSINDBK

  • NSE

    JIOFIN

  • NSE

    KOTAKBANK

  • NSE

    MARUTI

  • NSE

    NTPC

  • NSE

    ONGC

  • NSE

    POWERGRID

  • NSE

    RELIANCE

  • NSE

    SBILIFE

  • NSE

    SHRIRAMFIN

  • NSE

    SUNPHARMA

  • NSE

    TCS

  • NSE

    TATAMOTORS

  • NSE

    TATASTEEL

  • NSE

    TITAN

  • NSE

    TRENT

  • NSE

    ULTRACEMCO

  • NSE

    WIPRO