ScannersStrategies

Reverse Orb

This strategy takes advantage of a market when the sellers had more advantage for some time in an uptrend market. It uses the opening range candle for comparison with the current price to check for reversal.

Order Type

MIS

Position Type

BUY

Time Frame

hour

Entry Conditions

Open(0) lower than Close(0) and Low(0) higher than Opening Range(Close,hour)

BUY 100 shares when Open(0) lower than Close(0) and Low(0) higher than Opening Range(Close,hour) at hour candle interval using Candlestick chart. Enter trade between 00:00 to 23:59

Exit Conditions

High(0) higher than Opening Range(Close,hour)

SELL 100 shares when High(0) higher than Opening Range(Close,hour) or at stop loss % of 3 or target profit % of 99 at hour candle interval using Candlestick chart.

Stop Loss

3

Target Profit

99

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

    HEROMOTOCO

  • NSE

    HINDALCO

  • NSE

    HINDUNILVR

  • NSE

    ICICIBANK

  • NSE

    ITC

  • NSE

    INDUSINDBK

  • NSE

    INFY

  • NSE

    JIOFIN

  • NSE

    KOTAKBANK

  • NSE

    LT

  • NSE

    M&M

  • NSE

    ONGC

  • NSE

    POWERGRID

  • NSE

    RELIANCE

  • NSE

    SBIN

  • NSE

    TCS

  • NSE

    TATACONSUM

  • NSE

    TATAMOTORS

  • NSE

    TATASTEEL

  • NSE

    TECHM

  • NSE

    TITAN

  • NSE

    TRENT

  • NSE

    ULTRACEMCO

  • NSE

    WIPRO