ScannersStrategies

Donchian Breakout

The strategy takes a buy position when the stock breakouts of the resistance formed by 20-day High. Entry is taken only if the momentum is also positive. The strategy is suitable for bullish trending markets.

Order Type

CNC/NRML

Position Type

BUY

Time Frame

15min

Entry Conditions

Close(0) crosses above Donchian channel(upper,20,20,0) and MACD(12,26,9,histogram,0) higher than MACD(12,26,9,histogram,-1)

BUY 15 shares when Close(0) crosses above Donchian channel(upper,20,20,0) and MACD(12,26,9,histogram,0) higher than MACD(12,26,9,histogram,-1) at 15min candle interval using Candlestick chart chart. Enter trade between 00:00 to 23:59

Exit Conditions

SELL 15 shares at stop loss % of 2 or target profit % of 6 at 15min candle interval using Candlestick chart chart.

Stop Loss

2

Target Profit

6

Stocks

  • NSE

    APOLLOHOSP

  • NSE

    ASIANPAINT

  • NSE

    BAJAJ-AUTO

  • NSE

    BPCL

  • NSE

    CIPLA

  • NSE

    DIVISLAB

  • NSE

    EICHERMOT

  • NSE

    GRASIM

  • NSE

    HEROMOTOCO

  • NSE

    LT

  • NSE

    M&M

  • NSE

    ONGC

  • NSE

    POWERGRID

  • NSE

    RELIANCE

  • NSE

    SBIN

  • NSE

    TATASTEEL

  • NSE

    WIPRO