ScannersStrategies

Opening Range Confirmed Pivot Breakout

In this strategy, the Opening Range condition is used to check for bullish intraday behavior of the stock and then the Pivot point condition is used to trigger entry on further confirmation.

Order Type

MIS

Position Type

BUY

Time Frame

3min

Entry Conditions

Close(0) higher than Opening Range(High,hour) and Close(0) crosses above Pivot point(r1,standard,No)

BUY 100 shares when Close(0) higher than Opening Range(High,hour) and Close(0) crosses above Pivot point(r1,standard,No) at 3min candle interval using Candlestick chart chart. Enter trade between 00:00 to 23:59

Exit Conditions

Close(0) crosses below Prev N(Low,-1,hour)

SELL 100 shares when Close(0) crosses below Prev N(Low,-1,hour) or at stop loss % of 1 or target profit % of 2 at 3min candle interval using Candlestick chart 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

    COALINDIA

  • NSE

    DRREDDY

  • NSE

    EICHERMOT

  • NSE

    ETERNAL

  • NSE

    GRASIM

  • NSE

    HCLTECH

  • NSE

    HDFCBANK

  • NSE

    HDFCLIFE

  • NSE

    MAXHEALTH

  • NSE

    ICICIBANK

  • NSE

    ITC

  • NSE

    INDIGO

  • NSE

    JSWSTEEL

  • NSE

    JIOFIN

  • NSE

    MARUTI

  • NSE

    NESTLEIND

  • NSE

    POWERGRID

  • NSE

    SBIN

  • NSE

    SUNPHARMA

  • NSE

    TATACONSUM

  • NSE

    TMPV

  • NSE

    TATASTEEL

  • NSE

    ULTRACEMCO

  • NSE

    WIPRO