PRC

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 20 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 15:10

Exit Conditions

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

SELL 20 shares when Close(0) crosses below Pivot point(pp,standard,No) or at stop loss of 1% or target profit of 5% with a Trailing SL % of 2 at 5 minutes candle interval using Candlestick chart chart.

Stop Loss

1

Target Profit

5

Stocks

• NSE

  EICHERMOT