First deployment

The strategy initiates a buy position when the Rate of Change of Price becomes positive and the stock is above a resistance level. Suitable for bullish trending markets.

Entry Conditions

Close(0) higher than Pivot point(r1,standard,No) and Proc(close,14,0) crosses above Proc MA(close,14,simple,20,0)

BUY 1 share when Close(0) higher than Pivot point(r1,standard,No) and Proc(close,14,0) crosses above Proc MA(close,14,simple,20,0) at 1 candle interval using Candlestick chart chart. Enter trade between 00:00 to 23:59

Exit Conditions

Close(0) crosses below Pivot point(pp,standard,No)

SELL 1 share when Close(0) crosses below Pivot point(pp,standard,No) or at stop loss of 1% or target profit of 4% at 1 candle interval using Candlestick chart chart.

Stop Loss

1

Target Profit

4

Stocks

• NSE

  ADANIPORTS

• NSE

  BAJAJ-AUTO

• NSE

  EICHERMOT

• NSE

  HEROMOTOCO

• NSE

  KOTAKBANK

• NSE

  NESTLEIND

• NSE

  ULTRACEMCO