ScannersStrategies

false

The strategy takes a buy position when the stock breakouts out of a downtrend and it is confirmed by a breakout in Comparative Relative Strength

Order Type

MARKET

Position Type

BUY

Time Frame

hour

Entry Conditions

Period max(20, High(-11) ) lower than Period max(20, High(-31) ) and Period max(20, High(-31) ) lower than Period max(20, High(-51) ) and Close(0) higher than Period max(15, High(-1) ) and Period max(20, Close(-11) / Symbol(INDICES_NIFTY 50, Close(-11) ) ) lower than Period max(20, Close(-31) / Symbol(INDICES_NIFTY 50, Close(-31) ) ) and Period max(20, Close(-31) / Symbol(INDICES_NIFTY 50, Close(-31) ) ) lower than Period max(20, Close(-51) / Symbol(INDICES_NIFTY 50, Close(-51) ) ) and Close(0) / Symbol(INDICES_NIFTY 50, Close(0) ) higher than Period max(15, Close(-1) / Symbol(INDICES_NIFTY 50, Close(-1) ) )

BUY 1 share when Period max(20, High(-11) ) lower than Period max(20, High(-31) ) and Period max(20, High(-31) ) lower than Period max(20, High(-51) ) and Close(0) higher than Period max(15, High(-1) ) and Period max(20, Close(-11) / Symbol(INDICES_NIFTY 50, Close(-11) ) ) lower than Period max(20, Close(-31) / Symbol(INDICES_NIFTY 50, Close(-31) ) ) and Period max(20, Close(-31) / Symbol(INDICES_NIFTY 50, Close(-31) ) ) lower than Period max(20, Close(-51) / Symbol(INDICES_NIFTY 50, Close(-51) ) ) and Close(0) / Symbol(INDICES_NIFTY 50, Close(0) ) higher than Period max(15, Close(-1) / Symbol(INDICES_NIFTY 50, Close(-1) ) ) at hour candle interval using Candlestick chart chart. Enter trade between 00:00 to 23:59

Exit Conditions

SELL 1 share at stop loss % of 5 or target profit % of 15 at hour candle interval using Candlestick chart chart.

Stop Loss

5

Target Profit

15

Stocks

  • NSE

    BAJAJ-AUTO

  • NSE

    HEROMOTOCO

  • NSE

    TECHM

  • NSE

    LT

  • NSE

    LTIM

  • NSE

    TITAN

  • NSE

    ULTRACEMCO