ScannersStrategies

Heikin Ashi Bull Pin

The strategy makes an entry when the price action shown by Heikin-Ashi suggests that a bullish move might be initiated by the Stock. The strategy works better in bullish trending stocks. Open being equal to low indicates bullishness and the wicks of Heikin-Ashi candles along with the color suggest regarding the future move of the stock

Order Type

MIS

Position Type

BUY

Time Frame

hour

Entry Conditions

Open(0) equal to Low(0) and Close(0) lower than High(0) and High(0) higher than Prev N(High,-2,day)

BUY 100 shares when Open(0) equal to Low(0) and Close(0) lower than High(0) and High(0) higher than Prev N(High,-2,day) at hour candle interval using Heikin-Ashi chart. Enter trade between 00:00 to 23:59

Exit Conditions

SELL 100 shares at stop loss % of 1 or target profit % of 2 at hour candle interval using Heikin-Ashi chart.

Stop Loss

1

Target Profit

2

Stocks

  • NSE

    ADANIENT

  • NSE

    ADANIPORTS

  • NSE

    APOLLOHOSP

  • NSE

    ASIANPAINT

  • NSE

    AXISBANK

  • NSE

    BAJAJ-AUTO

  • NSE

    BAJFINANCE

  • NSE

    BAJAJFINSV

  • NSE

    BEL

  • NSE

    BHARTIARTL

  • NSE

    CIPLA

  • NSE

    DRREDDY

  • NSE

    GRASIM

  • NSE

    HCLTECH

  • NSE

    MAXHEALTH

  • NSE

    HINDALCO

  • NSE

    INDIGO

  • NSE

    INFY

  • NSE

    JIOFIN

  • NSE

    KOTAKBANK

  • NSE

    NESTLEIND

  • NSE

    ONGC

  • NSE

    POWERGRID

  • NSE

    RELIANCE

  • NSE

    SBILIFE

  • NSE

    SHRIRAMFIN

  • NSE

    TCS

  • NSE

    TECHM

  • NSE

    ULTRACEMCO