ScannersStrategies

NIFTY POSITIONAL STRATAGY

The strategy takes a long position when stocks trade higher than multiple long term weighted moving averages.

Order Type

CNC/NRML

Position Type

BUY

Time Frame

day

Entry Conditions

Multitime frame(day, Close(0) higher than WMA(close, 20, 0) ) and Multitime frame(day, Close(0) higher than WMA(close, 50, 0) ) and Multitime frame(day, Close(0) higher than WMA(close, 100, 0) ) and Multitime frame(day, Close(0) higher than WMA(close, 200, 0) )

BUY 10 shares when Multitime frame(day, Close(0) higher than WMA(close, 20, 0) ) and Multitime frame(day, Close(0) higher than WMA(close, 50, 0) ) and Multitime frame(day, Close(0) higher than WMA(close, 100, 0) ) and Multitime frame(day, Close(0) higher than WMA(close, 200, 0) ) at day candle interval using Candlestick chart. Enter trade between 00:00 to 23:59

Exit Conditions

Multitime frame(day, Close(0) crosses below WMA(close, 100, 0) )

SELL 10 shares when Multitime frame(day, Close(0) crosses below WMA(close, 100, 0) ) or at stop loss % of 15 or target profit % of 25 at day candle interval using Candlestick chart.

Stop Loss

15

Target Profit

25

Stocks

  • NSE

    ADANIENT

  • NSE

    ADANIPORTS

  • NSE

    BAJAJFINSV

  • NSE

    M&M

  • NSE

    TATAMOTORS

  • NSE

    TECHM

  • NSE

    WIPRO