ScannersStrategies

Candle 2bd

The strategy takes a long position when the stock trades and crosses above the 2nd Candle High.

Order Type

MIS

Position Type

BUY

Time Frame

5min

Entry Conditions

Multitime frame(5min, Close(0) crosses above Nth candle(High,15min,2) )

BUY with max SL per trade 2000 when Multitime frame(5min, Close(0) crosses above Nth candle(High,15min,2) ) at 5min candle interval using Candlestick chart chart. Enter trade between 00:00 to 23:59

Exit Conditions

Multitime frame(5min, Close(0) crosses below Nth candle(Low,15min,2) )

SELL with max SL per trade 2000 when Multitime frame(5min, Close(0) crosses below Nth candle(Low,15min,2) ) or at stop loss % of 1 or target profit % of 1.5 at 5min candle interval using Candlestick chart chart.

Stop Loss

1

Target Profit

1.5

Stocks

  • NSE

    INDUSINDBK

  • NSE

    ITC

  • NSE

    WIPRO

  • NSE

    TCS

  • NSE

    HCLTECH

  • NSE

    HDFCLIFE

  • NSE

    BPCL

  • NSE

    BHARTIARTL

  • NSE

    APOLLOHOSP

  • NSE

    POWERGRID

  • NSE

    ONGC

  • NSE

    BRITANNIA

  • NSE

    LT

  • NSE

    ULTRACEMCO