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.

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

  BAJFINANCE

• NSE

  BAJAJFINSV

• NSE

  BHARTIARTL

• NSE

  BRITANNIA

• NSE

  CIPLA

• NSE

  DIVISLAB

• NSE

  DRREDDY

• NSE

  GRASIM

• NSE

  HEROMOTOCO

• NSE

  JSWSTEEL

• NSE

  LTIM

• NSE

  M&M

• NSE

  NTPC

• NSE

  SBILIFE

• NSE

  TATAMOTORS

• NSE

  TATASTEEL

• NSE

  TITAN

• NSE

  WIPRO