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

    BAJFINANCE

  • NSE

    BEL

  • NSE

    BHARTIARTL

  • NSE

    HDFCLIFE

  • NSE

    LT

  • NSE

    NTPC

  • NSE

    SHRIRAMFIN

  • NSE

    SBIN

  • NSE

    TATACONSUM

  • NSE

    TECHM

  • NSE

    TITAN

  • NSE

    TRENT

  • NSE

    ULTRACEMCO