Breakout strategy

A classic Breakout Strategy. Buy entry occurs when the price crosses above a resistance level supported by volume. It is suitable for bullish trending markets.

Order Type

CNC/NRML

Position Type

BUY

Time Frame

hour

Entry Conditions

Multitime frame(day, Close(0) higher than Supertrend(7,3,0) ) and Multitime frame(day, Close(0) higher than Supertrend(7,3,0) ) and Multitime frame(week, Close(0) higher than Supertrend(7,3,0) ) and Multitime frame(day, EMA(close, 3, 0) higher than EMA(close, 7, 0) ) and Multitime frame(week, EMA(close, 3, 0) ) higher than Multitime frame(day, EMA(close, 7, 0) )

BUY with max allocation 5000000 when Multitime frame(day, Close(0) higher than Supertrend(7,3,0) ) and Multitime frame(day, Close(0) higher than Supertrend(7,3,0) ) and Multitime frame(week, Close(0) higher than Supertrend(7,3,0) ) and Multitime frame(day, EMA(close, 3, 0) higher than EMA(close, 7, 0) ) and Multitime frame(week, EMA(close, 3, 0) ) higher than Multitime frame(day, EMA(close, 7, 0) ) at hour candle interval using Candlestick chart chart. Enter trade between 09:15 to 15:30

Exit Conditions

Multitime frame(day, EMA(close, 3, 0) lower than EMA(close, 7, 0) )

SELL with max allocation 5000000 when Multitime frame(day, EMA(close, 3, 0) lower than EMA(close, 7, 0) ) or at stop loss % of 1000 or target profit % of 5 with a Trailing SL % of 1 at hour candle interval using Candlestick chart chart.

Stop Loss

1000

Target Profit

Stocks

NSE
CPSEETF
NSE
HAL
NSE
HDFCNEXT50
NSE
HDFCSML250
NSE
ICICIB22
NSE
INFRABEES
NSE
INFY
NSE
NHPC
NSE
NIFTYBEES
NSE
PAYTM
NSE
PSUBNKIETF
NSE
RVNL
NSE
YESBANK