ScannersStrategies

Bullish Resistance with Momentum

The strategy takes a buy position when the stock breaks a resistane with good momentum. A recent high made by the stock is being considered as resistance. The strategy is suitable for bullish trending markets.

Order Type

MIS

Position Type

BUY

Time Frame

hour

Entry Conditions

Multitime frame(hour, Close(0) ) crosses above Multitime frame(hour,Period max(10, High(-5) ) ) and Multitime frame(hour, MACD(12,26,9,macd,0) higher than MACD(12,26,9,signal,0) )

BUY 50 shares when Multitime frame(hour, Close(0) ) crosses above Multitime frame(hour,Period max(10, High(-5) ) ) and Multitime frame(hour, MACD(12,26,9,macd,0) higher than MACD(12,26,9,signal,0) ) at hour candle interval using Candlestick chart chart. Enter trade between 00:00 to 23:59

Exit Conditions

SELL 50 shares at stop loss % of 1 or target profit % of 2 at hour candle interval using Candlestick chart chart.

Stop Loss

1

Target Profit

2

Stocks

  • NSE

    ADANIENT

  • NSE

    ADANIPORTS

  • NSE

    APOLLOHOSP

  • NSE

    ASIANPAINT

  • NSE

    AXISBANK

  • NSE

    BAJAJ-AUTO

  • NSE

    BAJFINANCE

  • NSE

    BAJAJFINSV

  • NSE

    BPCL

  • NSE

    BHARTIARTL

  • NSE

    BRITANNIA

  • NSE

    CIPLA

  • NSE

    COALINDIA

  • NSE

    DIVISLAB

  • NSE

    DRREDDY

  • NSE

    EICHERMOT

  • NSE

    HDFCBANK

  • NSE

    HEROMOTOCO

  • NSE

    INDUSINDBK

  • NSE

    INFY

  • NSE

    KOTAKBANK

  • NSE

    LTIM

  • NSE

    LT

  • NSE

    M&M

  • NSE

    MARUTI

  • NSE

    NTPC

  • NSE

    NESTLEIND

  • NSE

    ONGC

  • NSE

    POWERGRID

  • NSE

    RELIANCE

  • NSE

    SBILIFE

  • NSE

    SHRIRAMFIN

  • NSE

    SBIN

  • NSE

    SUNPHARMA

  • NSE

    TATACONSUM

  • NSE

    TECHM

  • NSE

    TITAN

  • NSE

    ULTRACEMCO