ScannersStrategies

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.

Order Type

MIS

Position Type

BUY

Time Frame

15min

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

    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

    GRASIM

  • NSE

    HCLTECH

  • NSE

    HDFCBANK

  • NSE

    HDFCLIFE

  • NSE

    HEROMOTOCO

  • NSE

    HINDALCO

  • NSE

    HINDUNILVR

  • NSE

    ITC

  • NSE

    INDUSINDBK

  • NSE

    JSWSTEEL

  • NSE

    LT

  • NSE

    MARUTI

  • NSE

    NTPC

  • NSE

    ONGC

  • NSE

    SHRIRAMFIN

  • NSE

    SUNPHARMA

  • NSE

    TCS

  • NSE

    TATASTEEL

  • NSE

    WIPRO