DEMA with ADX Long

The strategy takes advantage of the tendency of the stock price to bounce after a prolonged trend. Here the strategy is being used in a bullish market condition. Combining ADX which indicates the strength of the price movement and +DI which indicates the direction of the price movement.

Entry Conditions

DEMA(close,40,0) crosses below Close(0) and ADX(14,0) higher than 20 and Plus DI(14,0) crosses above Minus DI(14,0)

BUY 100 shares when DEMA(close,40,0) crosses below Close(0) and ADX(14,0) higher than 20 and Plus DI(14,0) crosses above Minus DI(14,0) at 15min candle interval using Candlestick chart chart. Enter trade between 00:00 to 23:59

Exit Conditions

DEMA(close,40,0) crosses above Close(0)

SELL 100 shares when DEMA(close,40,0) crosses above Close(0) or at stop loss % of 10 or target profit % of 10 at 15min candle interval using Candlestick chart chart.

Stop Loss

10

Target Profit

10

Stocks

• NSE

  ADANIENT

• NSE

  ADANIPORTS

• NSE

  APOLLOHOSP

• NSE

  ASIANPAINT

• NSE

  CIPLA

• NSE

  COALINDIA

• NSE

  EICHERMOT

• NSE

  ICICIBANK

• NSE

  ITC

• NSE

  INDUSINDBK

• NSE

  LT

• NSE

  M&M

• NSE

  SBILIFE

• NSE

  SBIN

• NSE

  TATACONSUM

• NSE

  TECHM

• NSE

  TRENT

• NSE

  ULTRACEMCO

• NSE

  WIPRO