ScannersStrategies

Retracement

The strategy takes a buy position when the stock falls a little after going up significantly. Percentage based price movements are used for the strategy. It is suitable for bullish markets.

Order Type

CNC/NRML

Position Type

BUY

Time Frame

15min

Entry Conditions

Close(-10) up by 5% from Close(-50) and Close(0) down by 1% from Period max(10, Close(-1) )

BUY 10 shares when Close(-10) up by 5% from Close(-50) and Close(0) down by 1% from Period max(10, Close(-1) ) at 15min candle interval using Candlestick chart chart. Enter trade between 00:00 to 23:59

Exit Conditions

( Multitime frame(15min, Close(0) ) crosses below Multitime frame(15min,Period max(10, High(-10) ) ) )

SELL 10 shares when ( Multitime frame(15min, Close(0) ) crosses below Multitime frame(15min,Period max(10, High(-10) ) ) ) or at stop loss % of 5 or target profit % of 15 at 15min candle interval using Candlestick chart chart.

Stop Loss

5

Target Profit

15

Stocks

  • NSE

    ADANIENT

  • NSE

    ADANIPORTS

  • NSE

    APOLLOHOSP

  • NSE

    ASIANPAINT

  • NSE

    AXISBANK

  • NSE

    BAJAJ-AUTO

  • NSE

    BAJFINANCE

  • NSE

    BAJAJFINSV

  • NSE

    BPCL

  • NSE

    COALINDIA

  • NSE

    EICHERMOT

  • NSE

    HDFCLIFE

  • NSE

    HEROMOTOCO

  • NSE

    ITC

  • NSE

    JSWSTEEL

  • NSE

    LT

  • NSE

    M&M

  • NSE

    MARUTI

  • NSE

    NTPC

  • NSE

    SBIN

  • NSE

    TATAMOTORS

  • NSE

    TATASTEEL