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Jjjj

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.

Order Type

MIS

Position Type

BUY

Time Frame

5min

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 100 shares shares 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 5 minutes 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 100 shares shares when Close(0) crosses below Pivot point(pp,standard,No) or at stop loss of 1% or target profit of 4% at 5 minutes candle interval using Candlestick chart chart.

Stop Loss

1

Target Profit

4

Stocks

  • NSE

    ADANIPORTS

  • NSE

    BAJAJ-AUTO

  • NSE

    EICHERMOT

  • NSE

    HEROMOTOCO

  • NSE

    HEROMOTOCO

  • NSE

    KOTAKBANK

  • NSE

    NESTLEIND

  • NSE

    ULTRACEMCO